Total volume of individuals’ deposits in Azerbaijani banks amounted to 7.76 billion manats according to the results of Q2 2016, and the volume of insured deposits – to 5.66 billion manats, said a message from Azerbaijan Deposit Insurance Fund (ADIF). “Portfolio of insured deposits decreased by 543 million manats (8.8%) during the reporting period QoQ,…
DetailsEnterprises of Uzvinprom-holding produced industrial goods in comparable prices for 658.395 billion soums in the first half of 2016, up by 4.6% YoY. The volume of produced consumer goods made up 499.825 billion soums, up by 9.3% YoY. The enterprises produced 12.445 million liters of grape wine (-15%), 29.409 million liters of vodka and alcohol…
DetailsUzbekistan Havo Yollari (Uzbekistan Airways) transported 1.17 million passengers in the first half of 2016, the press service of the Uzbek airline said. The airline noted that it carried our 10,671 flights in January-June. The average passenger load to one flight rose compared to the same period of 2015 and made up 111 passengers. Number…
DetailsUzbekistan Havo Yollari (Uzbekistan Airways) will start exploitation of the first airplane Boeing 787 Dreamliner from September. According to the airline, the company holds preparation to exploitation of two airplanes of Boeing 787 Dreamliner model, first of which will arrive in Uzbekistan in August. Dreamliner will be a gift for the anniversary of Uzbekistan’s Independence.…
DetailsCenter for coordinating and developing securities market registered 119 emission of shares with total volume of 13.9 trillion soums on par value. Last year Uzbek companies registered 173 emission of shares for 4.8 trillion soums. The Center said that the volume of IPO issues made up 1.04 trillion soums, additional emission – 12.08 trillion soums…
DetailsAzerbaijan has made significant progress in financial transparency, said the report of the US Department of State. “Azerbaijan made significant progress during the review period by publishing more detail on planned expenditures, including allocations to state-owned enterprises”, said the 2016 Fiscal Transparency Report. Fiscal Transparency Report describes the minimum requirements of fiscal transparency developed, updated,…
DetailsIn January-June LLC “Multipurpose Reloading Complex” (MRC) in port of Ust-Luga (Leningrad region) handled 1.98 million tons of cargo, down by 3% YoY. The result was caused by the decrease of coal exports by the company’s key clients amid the foreign market situation. In the reported period, coal transshipment fell by 6% to 1.83 million…
DetailsReconstruction of overpass, passing Tarraqiyot street, will be completed soon in Tashkent, Uzbekistan Temir Yollari (Uzbekistan Railways) said in a statement. The company said that soon new overpass would be commissioned for exploitation. Uzbek company underlined that reconstruction of the road overpass, passing Taraqqiyot street, would be completed soon and the movement would be opened…
DetailsAzerbaijan’s state oil company SOCAR continues to pump oil via the Baku-Novorossiysk pipeline as scheduled. “Pumping of August volumes of oil started this morning (August 1), and we haven’t received any information on its suspension so far”, the company said. “Maybe at some stage the transportation will stop for a while, but the pumping is…
DetailsAzerbaijan’s state oil company SOCAR doesn’t see progress in the project for construction of an underground gas storage facility in Georgia for the present, a source in SOCAR said. Currently, Georgia is waiting for completion of the project’s feasibility study by the French Geostock company, the contractor of the project. “The full and comprehensive feasibility…
DetailsAzerbaijani state oil company SOCAR and French Total have activated work on the development project of the Absheron gas field in the Caspian Sea, a source on the oil and gas market of Azerbaijan said. “The parties are completely satisfied with the negotiations”, the source said. “The signing of a large number of contracts is…
DetailsIn January-July the network of Russian Railways loaded 703.9 million tons, up by 1.8% YoY, the company’s press center says. In the reported period the railways shipped the following goods: coal – 187.7 million tons (up by 3.8% YoY); coke – 6.6 million tons (+1.5%); crude and oil products – 136.5 million tons (-7.8%); iron…
DetailsAutomobile overpass with the radius of 150 degree, constructed in crossroads of Muqimi and Shota Rustaveli streets in Tashkent, will become the first such artificial building in Uzbekistan. The overpass with radius of 150 degrees will be the first such artificial building in Uzbekistan. The total length of the new overpass is just less than…
DetailsThe international ratings agency Moody’s Investors Service has confirmed Azerbaijan’s long-term issuer and senior unsecured debt ratings at Ba1 and assigned a negative outlook. Azerbaijan’s rating was changed in February, and the outlook on it was changed to “negative” in April. Earlier, the international ratings agency Fitch Ratings also approved of the long-term issuer default…
DetailsOn August 1, a transition of tow caravan consisting of 4 tows and LSP-2 support block complex placed on a floating pontoon started from the seaport of Astrakhan towards the point of destination – V. Filanovsky oil deposit in the Caspian Sea. The Astrakhan Branch pilots in cooperation with the seaports of Astrakhan and Olya…
DetailsTajik President Emomali Rahmon met in Jakarta, Indonesia with the Islamic Development Bank (IsDB) President Dr. Ahmad Mohamed Ali on the sidelines of the 12th World Islamic Economic Forum (WIEF). According to the Tajik president’s official website, Rahmon expressed satisfaction with the current level of cooperation between Tajikistan and IsDB. The government of Tajikistan and…
DetailsRussia’s ELSIB shipped the fifth electric engine to Uzbekistan, the press service of the company said. The electric engine shipped to Takhiatash thermal power station. The company said that the contract for supply of the electric engines was inked in 2015 and its execution was completed in late July 2016. For the last three years,…
DetailsAzerbaijan Airlines (AZAL) announced the launch of a new campaign on flights from Baku to Berlin and vice versa. AZAL Miles frequent-flyer program participants, who will purchase air tickets for flights on the above-mentioned route from September 6 to October 29, 2016, will be able to earn twice as much status and travel points. Direct…
DetailsBelarusian Railways has started selling tickets to European countries online. For the sake of improving the quality of service and developing online sales of international service tickets Belarusian Railways has introduced a new technology to sell digital tickets on its website, explained the company’s press service. For now customers are invited to buy tickets to…
DetailsThe growth rate of Belarus’ gross domestic product is expected to reach 101.5% in 2017 while inflation is supposed to make 9% at most. Prime Minister of Belarus Andrei Kobyakov made the statement during the session of the Presidium of the Council of Ministers held on 2 August to discuss the draft social and economic…
DetailsAzerbaijan Railways CJSC plans to start laying rail lines in mid-August within construction of a railway section from Azerbaijan’s Astara station to the border with Iran as part of the North-South transportation corridor, Nadir Azmammadov, spokesperson for Azerbaijan Railways, said. The North-South transportation corridor is meant to connect northern Europe with South-Eastern Asia. It will…
DetailsAzerbaijan Export and Investments Promotion Foundation (AZPROMO) has updated the catalogue of Azerbaijan’s investment projects by including 65 projects, said a message from the country’s Economy Ministry. It was noted that the purpose of updating the catalog is to promote the attraction of foreign investment in Azerbaijan’s non-oil sector. The catalogue includes 65 projects covering…
DetailsNew ferries will be launched for freight traffic between Azerbaijan’s Baku International Sea Trade Port in Alat and Kazakhstan’s Kuryk port, which is being built, said a message from the CJSC Baku International Sea Trade Port. The message said that the head of the Baku International Sea Trade Port Taleh Ziyadov held a meeting with…
DetailsAzerbaijan and Iran have discussed the projects for joint production of pharmaceutical products, cars and car spare parts, said the message from Azerbaijan’s Economy Ministry. The issues were discussed during the meeting of Azerbaijan’s Economy Minister Shahin Mustafayev with Iran’s Minister of Communication and Information Technology Mahmoud Vaezi. Vaezi was on an official visit to…
DetailsAgromir Juice, a part of Uzbekoziqovaqatholding, will supply fruit juices and concentrates to India.
The company has signed an export agreement with the Indian company Shriji International LLC valued at $716,300.
Currently, the Uzbek company started to shop products, prepared from fruit, produced in Uzbekistan. (UzDaily/Business World Magazine)