Azerbaijan: A.M. Best affirms AzRe rating

A.M. Best, the world’s oldest and most authoritative insurance rating and information source, has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of “bbb-” of AzRe Reinsurance OJSC, the sole domestic reinsurer in Azerbaijan. The outlook of these Credit Ratings (ratings) remains stable, according to the service’s message. “The ratings…


Ukraine: Sumy NPO signs agreement on the column equipment supply for Kachanovsky GPP

PJSC “Sumy Machine Building Science-and-Production Association” signed a contract with a domestic company “Ukrnafta” for the supply of regeneration-evaporation column K-2. According to Sergei Antykov, the senior sales manager for equipment of chemical plants, this is a typical product of Sumy engineers. “The equipment specified by the agreement is designed for ethylene glycol from the…


Turkmenistan to increase oil exports

Commissioning of a new oil terminal with a capacity of 540.000 tons near Turkmenistan’s border with Afghanistan, anticipated in the nearest future, will allow Turkmenistan to increase exports of oil products, said the message of Turkmen Oil and Gas Complex. According to the message, Turkmenneftegazstroy state oil and gas construction concern is finishing the construction…


Azerbaijan: Venezuela interested in co-op

Azerbaijan’s Prime Minister Artur Rasizade has met President of Venezuela Nicolas Maduro. Rasizade said Azerbaijani-Venezuelan relations were at a good level, adding that both countries supported each other within international organizations. The Prime Minister said there was good potential for boosting economic ties between the two countries and stressed the importance of increasing efforts for…


Belarus: UNDP transfers sapropel extraction equipment to Zhitkovichikhimservis Company

Zhitkovichikhimservis Company, which implements a pilot project to produce highly efficient organic fertilizers through advanced sapropel processing, has received modern equipment for sapropel processing. The equipment transfer was facilitated in the framework of the Green Economy Project run by the European Union and the UNDP. The equipment transferred during a special ceremony on October 20,…


Ukraine blocks entrance to some Russian tank wagons

Ukraine’s state railway transport administration Ukrainian Railways has blocked entrance and transit through the country to tank wagons of some Russian railway operators, including Sberbank Leasing and SG-Trans, according to the letter of Ukrainian Railways. Besides tank wagons of Sberbank Leasing and SG-Trans, Ukrainian Railways blocked entrance and transit of all cargoes and empty tank…


Ukraine: seaports double grain export volumes

On October 17-23, Ukraine exported nearly 1 million tons of grains from the seaports, against 506 thousand tons on the previous week.

In particular, wheat shipments reached 544 thousand tons, barley – 142.6 thousand tons, and corn – 320.1 thousand tons. (APK-Inform/Business World Magazine)