GM Uzbekistan, an Uzbek-US joint venture, presented its automobile brand Ravon in Ukraine, the press service of the company said. GM Uzbekistan started to sell its automobiles under Ravon brand in external markets in 2016. The company also works on expanding dealers’ network in the CIS states. During the presentation, the company presented automobiles Matiz,…Details
On August 15, the National Bank for foreign economic activity of the Republic of Uzbekistan held a press conference. It was attended by representatives of the media, members of the NBU and representatives of the Fund for support of export of small business and private entrepreneurship. Particular attention at the meeting was paid to the…Details
The Asian Development Bank (ADB) has allocated more than half of the funds’ volume within the framework of a grant worth $800,000 for operational preparation of an investment program of electricity distribution development in Azerbaijan, the ADB said in a statement posted on its website. ADB has provided Azerbaijan with $455,280 since the beginning of…Details
Belarus’ proceeds from exports of petroleum products to Poland grew 2.19 times YoY in January-June to $111.3 million, a source in the profile ministry reported. Belarus exported to Poland 326,339 tons of petroleum products in January-June, up 4.26 times YoY. Belarus exported 151,080 tons of petroleum products in 2015 (up 2.57 times YoY) worth $76.4…Details
Ukraine’s real gross domestic product (GDP) in the second quarter of 2016 increased by 1.3% YoY, whereas in the first quarter of this year the figure was a mere 0.1%, the State Statistics Service has said. According to live data, Ukraine’s GDP in the second quarter of 2016, taking into account the seasonal factor, rose…Details
In January-July Port Vysotsky LLC handled 3,456,531.237 tons of cargo (up by 15.2% YoY), the stevedore’s press center says. In July the company exported 455,932.452 tons of coal. Port of Vysotsk is located in the Leningrad region of Russia. There are two stevedoring company operating at the port: Port Vysotsky LLC and RPK-Vysotsk-LUKOIL-II LLC. In…Details
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 would be completed soon and the movement would be opened in near future.…Details
Tajikistan and Indonesia have signed five new cooperation documents. On August 1, Tajik President Emomali Rahmon met in Jakarta with his Indonesian counterpart Joko Widodo. According to the Tajik president’s official website, the two sides discussed a broad range of issues related to state and prospects of further expansion of bilateral cooperation between their countries.…Details
The project “Construction of Development Gas Wells at Pelyatka Gas Condensate Field” envisages construction of twelve wells by the end of 2016. The aim of the project is to ensure gas production in the amount sufficient for uninterruptable power supply to Norilsk Nickel production facilities and housing sector of surrounding area. Integra-Burenie Company from Nizhnevartovsk…Details
Alco Lubricant Company has become the ninth resident of Azerbaijan’s Sumgait Chemical Industrial Park (SCIP). The relevant certificate was given to the representatives of the new SCIP resident during an event organized by Azerbaijan’s Economy Ministry. The company will produce lubricating oil in the territory of SCIP. The project’s cost is $10 million. A plant…Details
One more large cement plant will be put into operation in Tajikistan this month, according to the Ministry of Industry and New Technologies (MoINT). An official source at a MoINT says a 1.2 million capacity cement plant will be put into operation this month in the Yovon district, Khatlon province. The Government of Tajikistan and…Details
UkrOboronProm SE “Shepetovka Repair Plant” increased production volume almost 4 times – compared to 2013 – due to the program “Ukrainian shield”, initiated by “UkrOboronProm” in 2015. “For the first half of 2016 the enterprise manufactured products and services for Ukrainian military valued at nearly 92 million UAH, exceeding last year’s index of 79 million…Details
On July 18, the Executive Committee of the Political Council of UzLiDeP and its faction in the Legislative Chamber of Oliy Majlis organized a round table on the “Importance of small industrial zones to increase the gross domestic product of the country and the socio-economic development of regions”. The event was attended by members of…Details
Georgia should settle energy issues in partnership with Azerbaijan, a country it has traditionally friendly relations with, Georgian expert, chairman of the Institute for the Study of Georgia’s Development Gia Khukhashvili said. He was commenting on the information, which appeared in the Iranian media outlets regarding signing of a contract for the supply of Iranian…Details
The cost of the project on construction of the new international passenger terminal of Tashkent Airport (Tashkent-4) will total $336 million. The investment project is implemented in cooperation with the Republic of Korea. Korea International Cooperation Agency (KOICA) provided a grant for development of the feasibility study of the project. The consortium of Korea Incheon…Details
There are positive recovery signs in the Belarusian economy, Belarus’ Prime Minister Andrei Kobyakov said when speaking at a government conference to discuss the H1 performance and the measures to achieve the 2016 goals. “We already know the H1 results and we are not satisfied with them. But it is fair to point out that…Details
Belarus is interested in advancing comprehensive cooperation with Poland and increasing the number of joint projects. Chairman of the Council of the Republic of the National Assembly of Belarus Mikhail Myasnikovich made the relevant statement as he met with Vice Marshal of the lower chamber of the Polish parliament Ryszard Terlecki. Belarus-Poland trade dropped a…Details
Belarus’ Council of Ministers approved of the national export promotion program for 2016-2020 and a roadmap for its implementation. It is envisaged in the Decree No. 604 dated August 1, the press service of the Belarusian government informed. “The national program does not provide a detailed forecast for external trade in 2016-2020 but spells out…Details
The Dispute Settlement Body (DSB) of the World Trade Organization (WTO) supported the EU claims to Russia regarding imposition of the import duties on certain agricultural and manufacturing products, including palm oil, the press-service of the WTO informed. According to the announcement, the WTO specified that the reporting customs duties exceed those Russia agreed to…Details
In January-July cargo throughout at Primorsky Krai-based Vostochny Port rose by 3.7% YoY totaled 39,170,000 tons, the Authority of Primorsky Krai & Eastern Arctic Seaports reported. The volume includes 20,446,000 tons of dry cargo, a 5.1% gain from a year earlier, and 18,723,000 tons of oil products (+2.2%). Vostochny Port is the year-round navigable and…Details
Lowering of air temperatures to optimal values and improved soil moisture stocks were beneficial for vegetation of all late spring crops. Better yields can be expected in later sown plants of corn due to cease of leaves withering and yellowing during the daytime. August rains were beneficial for moisture accumulation before the upcoming winter crop…Details
On August 8-14, Ukraine exported 660.1 thousand tons of grains from the seaports against 759.8 thousand tons in the previous week.
In particular, wheat shipments reached 413.1 thousand tons, corn – 14.9 thousand tons, and barley – 232.1 thousand tons. (APK-Inform/Business World Magazine)
As of August 1, the production of grains and pulses totaled 31.525 million tons in bunker weight, up by 7.4% YoY, the State Statistics Service of Ukraine declared.
In particular, Odessa, Kharkiv and Vinnytsia regions harvested the largest volumes of grains. (APK-Inform/Business World Magazine)
In January-July cargo throughput at Primorsky Krai-based Port of Vladivostok grew by 11.8% YoY, to 8.07 million tons, the Authority of seaports of Primorye and the Eastern Arctic reported. Handling of dry cargo rose by 19.7% to 6,275 million tons, while oil products volume dropped by 9.1% to 1,8 million tons. The Port of Vladivostok…Details
Russia’s car output plunged by 19.8% YoY and by 28.3% MoM in July, the Federal State Statistics Service said in a statement.
In January-July car output fell by 18% YoY to 611,000 units and bus output went down by 0.8% to 19,100 vehicles, but truck production increased by 6.2% to 70,400 units. (Prime/Business World Magazine)
On August 8-14, Passenger Port St. Petersburg handled 12 cruise ships and 15,049 passengers, the port operator Marine Facade said. The total stopover, berth time was 22 ship/day, total amount of operations per passenger was 83,819. During the stopover 5 helicopters made landing / take-off at the port’s helipad. The passenger terminal handled 6 cruise…Details
Freight throughput at Primorsky Krai-based Port of Nakhodka in January-July rose by 12.8% YoY, to 13,592,000 tons, the Authority of Primorsky Krai & Eastern Arctic Seaports said. Shipments of dry bulk cargo increased by 24.1% to 9,708,000 tons. Petroleum products volume shrank by 8.3% to 3,8 million tons. The Port of Nakhodka is located on…Details
On August 8-14, the export volumes of grains from the Russian seaports reached 715.6 thousand tons up from 411.2 thousand tons shipped in the previous week.
In particular, the wheat shipments totaled 634.4 thousand tons, barley – 65.9 thousand tons, and peas – 15.3 thousand tons. (APK-Inform/Business World Magazine)