Business World - Part 215

Azerbaijan achieves significant progress in financial transparency

AzerbaijanBy admin 03.08.2016 Leave a comment

Azerbaijan 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,…

Russia: throughput of Multipurpose Reloading Complex (Ust-Luga) down in H1 2016

RussiaBy admin 03.08.2016 Leave a comment

In 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…

Uzbekistan: Tarraqiyot street to be launched in August

UzbekistanBy admin 03.08.2016 Leave a comment

Reconstruction 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…

Azerbaijan: SOCAR continues pumping oil via Baku-Novorossiysk pipeline

AzerbaijanBy admin 03.08.2016 Leave a comment

Azerbaijan’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…

Azerbaijan: no progress in gas storage project in Georgia

Azerbaijan, GeorgiaBy admin 03.08.2016 Leave a comment

Azerbaijan’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…

Azerbaijan: SOCAR and Total activate work on major gas field

AzerbaijanBy admin 03.08.2016 Leave a comment

Azerbaijani 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…

Russia: railways network loading up in January-July 2016

RussiaBy admin 03.08.2016 Leave a comment

In 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…

Uzbekistan: overpass with 150 degree radius constructed in Tashkent

UzbekistanBy admin 03.08.2016 Leave a comment

Automobile 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…

Azerbaijan: Moody’s confirms issuer rating

AzerbaijanBy admin 03.08.2016 Leave a comment

The 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…

Russia: LSP-2 support block complex towed along the Volga-Caspian Shipping Canal

RussiaBy admin 03.08.2016 Leave a comment

On 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…

Tajikistan: IsDB expected to invest in nine development projects

TajikistanBy admin 03.08.2016 Leave a comment

Tajik 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…

Uzbekistan: ELSIB ships electric engines

UzbekistanBy admin 03.08.2016 Leave a comment

Russia’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,…

Azerbaijan: double miles on AZAL flights between Baku and Berlin

AzerbaijanBy admin 03.08.2016 Leave a comment

Azerbaijan 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…

Belarus: online sales of railway tickets to Europe begin

BelarusBy admin 03.08.2016 Leave a comment

Belarusian 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…

Belarus: GDP growth rate to reach 101.5% in 2017

BelarusBy admin 03.08.2016 Leave a comment

The 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…

Azerbaijan plans to start laying rail lines to border with Iran

AzerbaijanBy admin 03.08.2016 Leave a comment

Azerbaijan 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…

Azerbaijan: 65 new projects for investment

AzerbaijanBy admin 03.08.2016 Leave a comment

Azerbaijan 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…

Azerbaijan and Kazakhstan to launch new ferries

Azerbaijan, KazakhstanBy admin 03.08.2016 Leave a comment

New 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…

Azerbaijan discussing projects in pharmaceuticals and car industry with Iran

Azerbaijan, IranBy admin 03.08.2016 Leave a comment

Azerbaijan 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…

Uzbekistan: Agromir Juice to supply fruit juice and concentrates to India

UzbekistanBy admin 03.08.2016 Leave a comment

Agromir 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)

Belarus: about 40 companies covered by Belarusian-Russian food quality program

BelarusBy admin 03.08.2016 Leave a comment

About 40 companies from Belarus have taken part in the Belarusian-Russian program meant to monitor the quality and safety of food products, Director General of the Eurasian Agency for International Cooperation Alexander Olshevsky informed. A summarized report will be published in late August. “Dozens of companies are still in the final stages of testing. Several…

Russia: throughput of Rosterminalugol in January-July 2016

RussiaBy admin 03.08.2016 Leave a comment

In January-July JSC Rosterminalugol (port Ust-Luga, Leningrad Region) handled 9.6 million tons of coal, which is nearly the same as in 7M’15, says the company. In July, the company handled 1.7 million tons of export coal, up by 6% YoY. Coal intended for exports to the Netherlands (ARA ports), Germany, Great Britain, Spain, Italy, Turkey,…

Russia: Power of Siberia-2 gas pipeline to come to Kazakhstan

Kazakhstan, RussiaBy admin 03.08.2016 Leave a comment

The World Wildlife Fund (WWF) will lobby for a change in the route of the gas pipeline Power of Siberia-2 in order to preserve the UNESCO World Heritage Site Golden Mountains of Altai, WWF Russia’s extractive industry environmental policy officer Alexey Knizhnikov said. In 2015, Russia’s energy giant Gazprom and the China National Petroleum Corporation…

Красивые цветочные композиции на любой вкус

UkraineBy admin 02.08.2016 Leave a comment

Услуга доставка цветов Запорожье уже многие годы пользуется стабильным спросом. И это абсолютно неудивительно. Ведь изысканные букеты являются неотъемлемыми деталями каждого праздника. Их преподносят в качестве дополнения к основному презенту на свадьбе, юбилеи или дне рождения. Кроме этого свежими цветами украшаются банкетные залы. Однако приятнее всего получать цветы без повода. В таком случае они напрямую…

Подключение Интернета: выбираем провайдера

Russia, UkraineBy admin 02.08.2016 Leave a comment

Подключение Интернета – невероятно востребованная сейчас услуга. Он позволяет получать доступ к огромному потоку информации. Им активно пользуются люди деловой сферы, студенты, обычные обыватели. Нужен Интернет для работы, обучения, развлечений. К тому же он открывает доступ к online-каналам коммуникации. С его помощью можно легко связаться с человеком, который находится даже на другом континенте. Вот только,…