Iranian companies will be able to use the Pirallahi Industrial Park, which will specialize in pharmacy, Azerbaijan’s Minister of Economy Shahin Mustafayev said. He made the remarks during the meeting with the Iranian Ambassador to Azerbaijan Mohsen Pak Ayeen, said the country’s Economy Ministry. The meeting was held in connection with completion of Pak Ayeen’s…
DetailsIndian Ambassador to Ukraine Manoj Kumar Bharti has called on Ukrainian farmers to export lentil to India. “In 2015, Canada exported 500,000 tons of lentil to India. If Canada can export lentil, why doesn’t Ukraine export it?” he said at a roundtable in the Ukrainian parliament in Kyiv. “India’s population is mainly vegetarians, and lentil…
DetailsIn terms of the current situation on the global market of high-oleic sunflower oil, when the market segment demonstrates noticeable reduction of activity from major customers, fall of bid prices for the product, as well as purchasing prices for the raw material and price premiums, in 2016/2017 MY Ukraine will be able to process and…
DetailsIn 2016/2017 MY, the market of sunflower seed and sunflower oil in Ukraine will face the bearish trend, the Consultant at Agritel International Oleksandra Suslova declared. According to Agritel forecasts, the prospect of record harvest volumes of sunflower seed in Ukraine will have its critical pressure on prices, despite the large number of processing enterprises…
DetailsThe current problems with supplies of Russian wheat to Egypt, due to requirements of zero ergot fungus content in the imported grain, will not have any significant influence on the export potential of Russia, the Director of the Department of regulation of agricultural markets at the Ministry of Agriculture Vladimir Volik declared. According to him,…
DetailsA delegation of the European Bank for Reconstruction and Development (EBRD), headed by Bruno Balvanera, director for the South Caucasus, Moldova and Belarus, arrived in Baku. Balvanera introduced Ivana Duarte, the new head of the bank’s Baku office, to the Azerbaijani government. The EBRD delegation was received by Shahin Mustafayev, Azerbaijani economy minister, as part…
DetailsChinese companies may become owners of up to 50% in the Oil and Gas Processing and Petrochemical Complex (OGPC) in Azerbaijan, head of the country’s state oil company SOCAR Rovnag Abdullayev said. He said that the work on this issue was underway. “As you know, SOCAR and China National Petroleum Corporation (CNPC) signed a memorandum…
DetailsAgrometeorological conditions for soil preparation and autumn sowing vary all over the country. Waterlogging of 10-cm soil layer was noted in some places of Vitebsk, Grodno and Minsk regions due to the rains, which complicates the conditions of field works. During the next few days the top layer of waterlogged soil will dry due to…
DetailsThe 13th session of the Kazakh-Azerbaijani intergovernmental commission on economic cooperation will be held in Astana on September 21-22, the Kazakh embassy in Baku said in a message. The Azerbaijani delegation will be headed by Natig Aliyev, energy minister, co-chairman of the intergovernmental commission. “The sides will discuss a wide range of bilateral issues relating…
DetailsAzerbaijan’s state oil company SOCAR will be a technical consultant for Ionian Adriatic Pipeline (IAP) project, Murad Heydarov, head of SOCAR Balkan company, said. He added that the initial report had already beendelivered and at the first stage, the proposals for the specific project were given. “The specific project is the first line, which will…
DetailsAmbassador Extraordinary and Plenipotentiary of the United States of Mexico to the Republic of Azerbaijan Rodrigo Labardini has received Caspian Energy’s delegation headed by President and Editor-in-Chief of the Caspian Energy International Media Group Natalya Aliyeva. During the meeting the sides discussed possibilities of expansion of contacts on the informational level within the Caspian European…
DetailsTo date, there are a lot of factors, which impact will contribute to the following growth of production volumes in the high-oleic sunflower market segment of Ukraine, the Vice-President of commerce at AgroGeneration Kateryna Konashchuk declared. As for the market factors, Konashchuk mentioned stable growth of profitability of high-oleic sunflower production in Ukraine, as well…
DetailsAs of September 16, Ukrainian agrarians harvested 39.99 million tons of grains throughout the areas of 10.21 million ha, or 71% of the plan. The average yield totaled 3.91 ton/ha, the Ministry of Agrarian Policy and Food of Ukraine reported. At the same time, on the same date last year the production volumes reached 38.5…
DetailsUIA started testing SMS notification service informing passengers of all scheduled flights on any delays and cancellations. Therefore, the airline’s clients will be notified of important schedule alterations. Within 48 – 1 hour prior to scheduled departure, passengers who provided UIA with correct contact details when booking their tickets might receive a notification on cancellation…
DetailsAlmost complete export orientation is the unique feature of the Ukrainian market of sunflower oil, the general director of the Association Ukroliyaprom Stepan Kapshuk reported. Ukraine consumes no more than 10% of the produced sunflower oil, and exports 90% of the remaining volumes. Any export limitations on sunflower oil will cause destabilization of not only…
DetailsRussian Aerospace Forces Commander Viktor Bondarev said that the construction of sixth generation of jet fighters was not far off. Russia is simultaneously developing both manned and unmanned sixth-generation jet fighters. “Simultaneously, of course… Work is in progress here as well as abroad. We have an excellent aviation industry and design bureaus. I think that…
DetailsDuring several recent years, the Ukrainian market of high-oleic sunflower seed demonstrated the positive dynamics of development, with annually increasing the planted areas under the oilseed, and its share in the general planted areas of all types of sunflower seed, the oilseed analyst at APK-Inform Agency Julia Ivanitskaya declared. According to APK-Inform estimations, in 2016/2017…
DetailsSoftex-Aero Ukrainian company posted a video of the maiden flight of a new high-speed helicopter VV2 on its YouTube channel. Softex-Aero designed the helicopter’s concept in May. It is a tandem two seater. The helicopter’s power is 190 H.P. /140kW in cruise and 245 H.P. /180 kW in take off. The maximum flight speed is…
DetailsAstarta’s subsidiaries are successfully conducting autumn field works on the harvesting of the technical crops and preparation of soils for the following year. As of the middle of September, the company has already harvested 80% of the area under soybean and 40% under sunflower, the harvesting of the corn has just started. The company carries…
DetailsRussia’s Finance Ministry has prepared major changes to the compulsory auto liability insurance, known in Russian as OSAGO. Among other amendments, the ministry has proposed to divide OSAGO policies into three types: an “economic package” with current limits of 400,000 rubles for damage to property and 500,000 rubles for injuries, a “standard” package with limits…
DetailsIn 2016-2017, Russia will export the Mil Mi-8/17 and Mi-24/35 helicopters to Angola, Mali, Nigeria and Sudan, Yury Demchenko, the head of the delegation for Russia’s arms exporter, Rosoboronexport, said. Demchenko pointed out that helicopters remained one of the most sought-after types of military hardware in Africa. In 2014-2016, Russian-made helicopters were exported to Angola,…
DetailsThe Russian government may shuffle off part of the oil tax burden on consumers by raising excise duties on fuel, according to the results of a recent meeting chaired by Deputy Prime Minister Arkady Dvorkovich. The Finance Ministry initially offered to raise the rate of the Mineral Extraction Tax (MET) on oil in 2017 by…
DetailsRussian power holding Inter RAO is interested in buying assets in Latin America or Southeast Asia, Ilnar Mirsiyapov, a member of the management board, said. Inter RAO wants to acquire a significant stake of a market, Mirsiyapov said after naming countries of Latin America and Southeast Asia as markets which the company saw interesting for…
DetailsRosinterbank, included in Russia’s 100 largest banks in terms of assets, has completely stopped providing services to its clients, the bank said. “Individual and corporate clients will not be serviced at Rosinterbank’s offices and branches starting from September 15, in order to stabilize the bank’s financial performance”, the bank’s statement said. A source reported that…
DetailsThe government of the Russian Federation posted the draft decree by the Ministry of Agriculture on zeroing of the wheat export duties from September 15, at the common web-portal of legal information disclosure. According to the explanatory note, to date the reporting duties do not actually have any regulatory impact. At the same time, the…
DetailsTurkmenistan’s President Gurbanguly Berdimuhamedov has named the main vectors of the country’s socio-economic development which will be taken into account in the draft 2017 state budget. The president noted that the country would continue the reforms on the integrated diversified economic development. These reforms envisage the implementation of major investment projects of international and regional…
DetailsThe Executive Board of the International Monetary Fund (IMF) completed the second review of Ukraine’s implementation of an economic program backed by the Extended Fund Facility and approved of the disbursement of a third tranche worth SDR 716.11 million, or about $1 billion, the IMF said in a statement. “This brings total disbursements under the…
DetailsThe Moscow Automobile and Road Construction State Technical University (MADI) has started developing a versatile amphibious platform for light, extra light and heavy vehicles operational with the Airborne Force, the Airborne Force’s press office said. “The Airborne Force and top specialists of the Moscow Automobile and Road Construction State Technical University have started jointly developing…
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