Azerbaijan and Afghanistan mull creation of joint enterprises

Azerbaijan and Afghanistan discussed the creation of joint enterprises to produce food products, said Azerbaijan’s Economy Ministry. The discussions were held within the meeting of Azerbaijan’s Economy Minister Shahin Mustafayev with Afghanistan’s Ambassador to Azerbaijan Mohammad Taqi Khalili. The economic cooperation between the two countries and other issues of mutual interest were also discussed during…

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Russia: AGCO-RM and the Ministry of Agriculture sign agreement for provision of subsidies for tillage equipment

AGCO-RM (a joint venture of AGCO, the international manufacturer of agricultural equipment, and the Russian corporation “Russian Machines”, part of the Basic Element Industrial Group) and the Ministry of Agriculture of the Russian Federation have signed an agreement for provision of subsidies for tillage and seeding equipment under Challenger brand. The subsidies will cover up…

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Russia: Navy to receive shipborne version of Tor antiaircraft missile system in 2018-2019

The naval version of the Tor antiaircraft missile system may be developed in 2018-2019 and the Russian Navy command shows interest in this project, the press office of Almaz-Antey manufacturer said at the KADEX-2016 international weapons exhibition. The Russian Navy is considering the possibility of creating the naval version of the Tor antiaircraft missile system…

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Russia: Defense Ministry to obtain 7 Tu-95MS strategic bombers

The Russian Defense Ministry will receive 7 modernized Tu-95MS strategic cruise missile carriers, Tupolev PJSC director general Alexander Konyukhov said. The ministry has already received the first Tu-95MS aircraft, which had been modernized in accordance with the state requirements and technical documentation, according to Konyukhov. “In accordance with conditions of state contracts, the Russian Defense…

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Russia: aircraft manufacturer to deliver 3 ‘Terminator’ choppers for Arctic operation

The Russian Defense Ministry will receive six Mil Mi-8AMTSh choppers and three Mi-8AMTSh-VA ‘Terminator’ military and transport helicopters for Arctic operation this year, Ulan-Ude Aviation Enterprise Managing Director Leonid Belykh said. “Under the state defense contracts that have been signed, three Mi-8 helicopters are planned for delivery in 2016 and two in 2017 for Arctic…

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Russia interested in fruit and vegetables supply from Uzbekistan

Cooperation in agriculture with Uzbekistan is one of priorities and long-term strategic tasks for Russia, Deputy Minister of Agriculture of Russia Sergei Levin said in Tashkent during the International Fruit and Vegetable Fair on July 12. He stated that Russia pays special attention to expanding supply of fruits and vegetables from Uzbekistan. Russian president Vladimir…

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Uzbekistan: GDP up in H1 2016

Gross domestic product (GDP) of Uzbekistan grew by 7.8% in January-June, the session of the Cabinet of Ministers said on July 15. Industrial production in Uzbekistan rose by 6.7% in the first half of 2016, agriculture output by 6.8%, services by 12.9% and construction works by 17.5%. State budget was executed with 0.1% surplus to…

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Tajikistan investment portfolio includes 70 projects totaling $2.84 billion

Tajikistan’s investment portfolio now includes 70 projects totaling 22.3 billion somoni (equivalent to $2.84 billion), according to the State Committee on Investments and State-owned Property Management (GosKomInvest). Tajikistan’s investment portfolio, in particular, includes 31 grant-based projects, 18 loan-based projects and 21 mixed-finance projects. Total volume of grant financing has reportedly amounted to 9.8 billion somoni…

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