Azerbaijan and Vietnam to develop joint projects

Vietnam offers Azerbaijan certain proposals for cooperation in energy, transportation, agriculture and commerce, the Azerbaijani ambassador to Vietnam Anar Imanov reported. “All these proposals will be considered during the first meeting of the Azerbaijan-Vietnam Intergovernmental Commission for Economic, Trade, Scientific and Technical Cooperation, planned to be held in the near future”, he said. Currently, a…


Ukraine: linseed looks promising for farmers

In Ukraine linseed belongs to a niche of agricultural crops, which require further advanced processing and are used in related industries such as pharmaceutical, confectionery, textile and others. Export duty at 23% set in 1999, which triggered acute reduction of linseed acreage, was an obstacle for linseed production recovery in Ukraine. Currently, the linseed export…


Russia: the number of LNG powered vessels to triple by 2019

The number of LNG powered vessels in the Baltic region will more than triple totaling 250 units by 2019, Kirill Lyats, CEO of LNG Gorskaya, reported.

According to him, 80 vessels driven by LNG (mostly Norwegian) are operating in the region today. (Portnews/Business World Magazine)

Ukraine: ADM agricultural trader permits subsidiary to refinance $30 million credit line

Shareholders in private joint-stock company AMD Illichivsk (Odessa region) have permitted the company’s board to refinance a credit line with the limit of $30 million (765.98 million UAH). According to a company report, the decision was made at an extraordinary general meeting of shareholders on October 28. The shareholders authorized the board of ADM Illichivsk…