French company Danone is considering the prospects of purchasing a third dairy plant in Belarus. Belarusian Prime-Minister Andrei Kobyakov made a statement to this effect at a meeting with French Ambassador in Minsk Dominique Gazuy upon completion of her diplomatic mission to Belarus. The premier said: “French companies have been paying attention to Belarus in…
DetailsEstonia’s capital Tallinn was named a Top-Rated Baltic & Scandinavia Cruise Destination in Cruise Critic’s first-ever Cruisers’ Choice Destination Awards. According to the Cruise Critic’s consumer feedback submitted on the Cruise Critic website over the past year the top 5 destinations of the Baltic Sea region are: 1. St. Petersburg; 2. Tallinn; 3. Stockholm; 4.…
DetailsOAO Belarusbank jointly with Russia’s Roseximbank will provide special-terms financing for supplies of high-tech products from Russia to Belarus, the Belarusian bank said in a press-release. Operating as part of Russian Export Centre Group, Roseximbank has been financing Russia’s high-tech products facilitation program since 2015. The banks will provide documentary credit financing in support of…
DetailsBelarus’ gross domestic product (GDP) reduced by 3% YoY in January-August to 60.8 billion Belarusian rubles ($31.1 billion at the central bank’s exchange rate), an official with Belarus’ National Statistics Committee reported. Industrial output in January-August fell by 1.8% YoY to Br51.5 billion ($26.3 billion). Farm output reduced by 2.2% to Br8.4 billion ($4.3 billion).…
DetailsBelarus’ industrial output decreased by 1.8% YoY in January-August to 51.528 billion Belarusian rubles (Br), or $26.325 billion at the official rate of the National Bank, the National Statistical Committee (Belstat) reported. Production of coke, oil products and nuclear materials reduced by 7.2% YoY in January-August to 7.58 billion rubles ($3.872 billion). The output of…
DetailsOpening Iran-Khodro’s new site in Azerbaijan will turn Azerbaijan into the company’s export hub in Central Asia and the Caucasus. Iran-Khodro plans to manufacture 10,000 cars per year in Azerbaijan, which will be exported. Car imports to Azerbaijan fell after introducing the Euro-4 ecological standard over a year ago. In the first half of 2015,…
DetailsAs of September 1, the general production of spring grains and pulses in Russian agricultural organizations reached 88.7 million tons in bunker weight, up by 25.6% YoY, the Federal State Statistics Service of the Russian Federation (Rosstat) announced. The agricultural organizations, which concentrated 67.9% of the whole planted areas under grains and pulses (excluding corn),…
DetailsUTair Aviation served the millionth Surgut International Airport passenger on September 16 Visiting Surgut on her way home to Ufa, Elvira Zaripova became the millionth passenger at the airport. Representatives of UTair and Surgut International Airport held a ceremony to award the jubilee passenger in the check-in area. The Ufa native was presented with a…
DetailsUralkali in association with Uralchem, have presented a new joint project at the Khimia-2016 exhibition – production of granular amines. Granular amines are unique for the Russian chemical industry; they are intended to replace imported analogues in the domestic market. This is one of the basic reagents used in the flotation method of processing of…
DetailsAccording to market operators, since the beginning of September Ukrainian exporters shipped 150 KMT of wheat to India. It should be noted, that over July-August Ukraine exported about 240 KMT of wheat in this destination. India started purchasing Ukrainian wheat in June, buying about 52 KMT. Last time India bought Ukrainian wheat was 10 years…
DetailsAeroflot will remain under majority Russian government control until at least 2020, Oksana Tarasenko, the Director of the Corporate Governance Department in Russian Ministry of Economic Development, reported. In February the carrier was touted as a possible candidate for privatization after Moscow announced plans to sell off various state-owned corporations and shareholdings in a bid…
DetailsIn January-August the production volumes of agricultural commodities in Ukraine increased by 1% YoY at the expense of rising production volumes of plant growing commodities, the State Statistics Service of Ukraine announced. In particular, the production of plant growing products grew by 1.7%, while livestock products output was down by 2.4%. According to the statistics…
DetailsOn September 16, Ukraine International Airlines (UIA, Kyiv) serviced its first direct regular flight between Vilnius and Lviv. The press service of the airline reported that new flights connecting Lviv and Vilnius would be serviced twice a week using Boeing-737 and Embraer-190 planes with business and economy classes. Until October 12, UIA offers tickets from…
DetailsSince the beginning of 2016/2017 MY, Ukraine exported 8.51 million tons of grains, the Ministry of Agrarian Policy and Food of Ukraine declared. In particular, wheat exports totaled 5.1 million tons, corn – 583 thousand tons, and barley – 2.78 million tons. Also, flour exports reached 64.4 thousand tons. According to the announcement, nearly 435…
DetailsRespective bill No. 5000 was posted on the parliament’s website. At the same time, there is neither text of the document nor addenda available on the website. In keeping with the budget resolution for 2017, the Ukrainian government plans to set the minimum wages at the same level as the subsistence rate. The 2016 national…
DetailsAzerbaijan’s state oil company SOCAR intends to diversify its financial channels, the company’s president Rovnag Abdullayev reported. He made the remarks during the presentation of SOCAR bonds for Azerbaijani citizens. Abdullayev pointed out that SOCAR was implementing a new strategy to strengthen its positions at the international level. Eurobonds have been issued successfully, he said,…
DetailsRussia hopes to restore air travel with Egypt by the end of 2016, Deputy Foreign Minister Mikhail Bogdanov, special presidential representative for the Middle East and Africa, reported. “We hope. The sooner the better”, he said, adding that Moscow must be sure that Egypt had done everything to ensure safety of Russian tourists. Moscow suspended…
DetailsThe Azerbaijani state oil company SOCAR plans to sign a new contract on the development of the Umid-Babek block of gas fields in the Caspian Sea by late 2016 to raise funds from international institutions and companies, Rovnag Abdullayev, SOCAR head, reported. “In general, the work is underway at the Umid field”, he said. “Drilling…
DetailsAs of September 15, Russian agrarians continued harvesting grains and pulses. Agrarians harvested grain crops throughout the general areas of 38.5 million ha (on the same date in 2015 – 34 million ha), or 81.4% of the planned areas (47.3 million ha). The produced volumes reached 103.2 million tons of grains, with the average yield…
DetailsIn July 2015/2016 MY Russia exported 0.8 KMT of sunflower against 11.5 KMT in the previous month and 1.3 KMT in July 2015. Since the beginning of 2015/2016 (September-July) Russian exporters shipped 60.2 KMT of sunflower, up 1.5 times YoY. More than 50% of all exports were shipped to Turkey. Share of Iran and Azerbaijan…
DetailsAzerbaijan’s state oil company SOCAR and Malaysia’s Petronas signed a memorandum of understanding on exploration, development and production of hydrocarbons at a block in the prospective offshore structure Goshadash, SOCAR said in a message. The Goshadash structure is located in the North-Western part of the Absheron archipelago in the Azerbaijani sector of the Caspian Sea.…
DetailsRussian oil major Lukoil may invest approximately $7.5-8 billion in 2017 and around $100 billion over the next 10 years, the company’s president Vagit Alekperov said. “Investments of $8-10 billion per year are the level that allows us to fulfill our obligations – pay dividends in accordance with the company’s policy, taxes and decent wages…
DetailsFrench company Total may start drilling the first well at the Azerbaijani gas field Absheron in mid-2017, Rovnag Abdullayev, head of the Azerbaijani state oil company SOCAR, reported. He added that the drilling operations would be carried out from a new generation platform, being built by SOCAR. Abdullayev said the sides continued to actively work…
DetailsIn January-August the production volumes of crude sunflower oil and its fractions in Russia totaled 2.4 million tons, up by 10.6% YoY, the Federal State Statistics Service (Rosstat) declared.
At the same time, the production of wheat and wheat-rye flour decreased by 0.5%, to 5.7 million tons. (APK-Inform/Business World Magazine)
Ivana Duarte, new head of Baku office of the European Bank for Reconstruction and Development (EBRD), arrived in Baku to hold talks with Azerbaijani MPs, a source in the country’s government reported. According to the source, Duarte was appointed head of the bank’s Baku office in August. Duarte has been working in the EBRD since…
DetailsElmir Habibullayev has been elected the new chairman of the Supervisory Board of Subsidiary of the International Bank of Azerbaijan (IBA) in Russia, IBA-Moscow, the Center for Disclosure of Corporate Information reported. In addition, by the decision of the parent bank (IBA), Farid Hashimov has been elected a member of the Supervisory Board of the…
DetailsKazakhstan has exported 992,700 tons of grain and flour in grain equivalent in the current marketing year (2016-2017), the Ministry of Agriculture informs on its website. A marketing year starts on July 1 and lasts till June 30 of the next year. Thus, since July 1, Kazakhstan has shipped 544,100 tons of grain and 341,000…
DetailsAs of September 1, the registered carry-over stocks of grains and pulses in Kazakhstan totaled 4.83 million tons (up by 1.8 million tons MoM), the Statistics Committee of the Ministry of National Economy of the Republic of Kazakhstan reported. In particular, peasant and farming households stored 529.8 thousand tons of grains. Wheat formed the major…
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