Azerbaijan: Bulgarian energy and economy ministers to visit Baku

Bulgaria’s Energy Minister Temenuzhka Petkova and Economy Minister Bojidar Loukarsky will visit Baku on September 29-30, to take part in the 4th session of the intergovernmental economic cooperation commission. An Azerbaijani-Bulgarian business forum will also be held during the ministers’ visit. The Bulgarian delegation will include entrepreneurs working in the spheres of energy, refining, construction,…

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Belarus: stepwise action to create single pharmaceutical market in EEU suggested

Belarus suggests taking stepwise action to create the single pharmaceutical market in the Eurasian Economic Union, Belarus’ Prime Minister Andrei Kobyakov said when speaking at an expanded-participation meeting of the Eurasian Intergovernmental Council in Sochi. Andrei Kobyakov noted that Belarus was concerned with the lack of progress in the development of the single internal market…

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Belarus to invest into Cherepovets-based machine-building cluster

As much as 750 million Russian rubles (RUB) will be poured into the Russian-Belarusian machine-building cluster based in Russia’s Cherepovets in the next decade, reads a message posted on the official web site of the governor of Russia’s Vologda Region. The regional government of Russia’s Vologda Region, Cherepovets Mayor’s Office, Cherepovets Castings Factory, Minsk Automobile…

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Belarus: foreign investment in economy at $4.7 billion in H1 2016

In January-June foreign investors injected $4.7 billion into the Belarusian economy, the National Statistics Committee informed. The primary investors were economic operators of Russia (50.2% of the investment), the UK (20.5%) and Cyprus (7.5%). Foreign direct investments amounted to $3.9 billion. In H1 2016 Belarusian economic operators (except for banks) transferred Br2 billion in investments…

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Ukraine: Yuzgas to issue $200 million for five-year geological exploration of Yuzivska field

Yuzgas B.V. (the Netherlands), which won the tender for an investor in the production sharing agreement (PSA) for hydrocarbons extraction on Yuzivska field (Donetsk and Kharkiv regions), has undertaken an investment of $200 million in geological exploration during the first five-year phase of the PSA. “In particular, during the first year the sum will be…

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Ukraine: Ukrzaliznytsia to take part in building section of Iranian railways

Public joint-stock company Ukrzaliznytsia intends to sign a contract to carry out construction works on over 300-km railway tracks with Ministry of Roads and Urban Development of Iran, the company’s press service reported, referring to Board Chairman Wojciech Balczun. “We quickly worked with the agreement of the Infrastructure Ministry of Ukraine and Ministry of Roads…

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Ukraine: airlines see rise in passenger transportation in H1 2016

Ukrainian airlines saw a 23.2% YoY rise in passenger transportation in January-July, to 4.26 million people, according to State Aviation Service of Ukraine. Seventeen Ukrainian airlines serviced passenger transportation in January-July 2016. Over the period 18 Ukrainian airports serviced 6.8 million passengers, up by 15.1% YoY. As reported, ten Ukrainian airlines serviced regular flights between…

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Ukraine not to face high prices for rapeseed

In 2016 rapeseed harvest in Ukraine will reach 1.2 million tons, sunflower seed – nearly 12 million tons. Also, the European Union countries expect for good harvest of oilseeds. Since the reporting vegetable oils are interchangeable, Ukraine will not face any high prices for rapeseed by-products, the Supervisory Board member at PJSC Nizhyn Fat Processing…

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Ukraine: exports of food to EU up

Since the beginning of 2016, the exports of food products of Ukrainian origin to the European Union countries rose by 68%, while the general exports to the EU increased by 7%, the First Vice-Prime-Minister, Minister of Economic Development and Trade of Ukraine Stepan Kubiv declared. According to him, Ukrainian producers actively use trade preferences within…

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Ukraine: grain export potential to reach 34.7 million tons

APK-Inform analysts increased the forecast of the export potential of Ukrainian grains in the current season within the July forecast adjustments to supply and demand balances of grains and pulses to 34.7 million tons, down by 9.3% compared with the record level in 2015/2016 MY (38.2 million tons). (APK-Inform/Business World Magazine)

Ukraine: train tickets for domestic travels to be bought via mobile apps

PJSC “Ukrzaliznytsya” (Ukrainian Railways) promises to introduce a special mobile application for purchasing train tickets by the end of 2016. Chairman of the Board of PJSC “Ukrzaliznytsya” Wojciech Balczun said this during the meeting with representatives of the American Chamber of Commerce. “We want to eliminate scams with tickets. We have learned that there is…

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