Azerbaijan: number of business inspections cut

As many as 50 inspections of business activities were carried out in Azerbaijan in January-September, while the figure was 50,000 for the first nine months of last year, the country’s Economy Minister Shahin Mustafayev reported. “Recently, Azerbaijan’s President Ilham Aliyev has taken very significant steps to promote entrepreneurship, support local production and promote non-oil exports”,…

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Azerbaijan and Iraq to launch regular passenger and cargo flights

Azerbaijan and Iraq have discussed opportunities for carrying out regular passenger and cargo flights.

The discussion took place as a delegation of Iraqi aviation administration visited Azerbaijan State Civil Aviation Administration.

The delegation also familiarized themselves with the activity of the Heydar Aliyev International Airport. (Azertac/Business World Magazine)

Ukraine: selling prices of agricultural products up in January-September 2016

In January-September in Ukraine the average selling prices of agricultural enterprises for agricultural products increased by 8.6% YoY, the press-service of the State Statistics Service of Ukraine declared. In particular, in the reporting period the average prices for plant growing commodities grew by 20.6%, and the prices for livestock commodities dropped by 0.5%. In September…

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Belarus: Keramin net profit down H1 2016

Belarus’ OAO Keramin (based in Minsk, sanitary stoneware manufacturer) earned a net profit of Br3.754 million ($1.95 million) in H1 2016, down by 46.4% YoY, according to the Q2 report of the Finance Ministry’s Department for bonds and securities. Keramin’s sales proceeds totaled 69.895 billion rubles ($36.307 million), down by 1% YoY. The statutory capital…

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