Electricity consumption in Kyrgyzstan decreased, the National Electric Network of the Kyrgyz Republic JSC reported. According to recent reports of the central dispatching service of the company, in July distribution companies consumed 555.11 million kilowatt-hours. Last year, consumption was 570,599 million kilowatts. It should be noted that according to the decision of the government on…
DetailsElectric Stations JSC announced repeated tender for purchase of local coal for the Bishkek thermal power plant. The company failed to buy Kara-Keche fuel on the first try. Application received from “Kyrgyzkomur” SE was rejected because of violations in the documentation. The consortium members have put fake certificates on absence of debts to the Social…
DetailsChanges occurred in the management of Azerbaijan’s AGBank OJSC, and Tokay Alizade has left his post of deputy chairman of the bank’s board, the bank said on its website. This post remains vacant for now, according to the bank. Currently, the bank’s executive board includes Acting Board Chairman Afqan Jalilov, Director of Department of Financial…
DetailsThe physical volume of exports of Azerbaijani goods to Russia increased significantly in 2016, Minister of Economic Development and Trade of Russia Alexey Ulyukaev said. He made the remarks in Baku at the first meeting of the Azerbaijani-Russian and Russian-Azerbaijani Business Council. “Trade between our countries experiences a number of difficulties due to the fluctuation…
DetailsSOCAR Energy Ukraine (a subsidiary of Azerbaijan’s state oil company SOCAR in Ukraine) supplied almost 50% of diesel fuel to PJSC Ukrzaliznytsia within the agreement reached on the results of the tender, said the Ukrainian company in a message on August 8. “As of August 8, the volume of the shipped diesel fuel by SOCAR…
DetailsVarious expositions, shows and competitions, including Aviadarts, contribute to attracting international interest to Russian military planes and helicopters, Russian Aerospace Forces Commander Col. Gen. Viktor Bondarev said. “If we did not show the achievements of our technology, no one would probably buy it. Representatives of foreign states watch it (technology) join service with our troops,…
DetailsIn June Ukraine imported 16.7 KMT of palm oil against 9.3 KMT in June 2015. Increase in palm oil imports by almost 5 KMT against the last month was also observed (11.8 KMT in May). In the current season 2015/2016 (September-June) Ukrainian palm oil imports are up by 26% YoY. So, during ten months 153…
DetailsIndonesian President Joko Widodo says his country is interested in cooperation with Ukraine, namely in the manufacture of turbines that generate electricity. “We have considered the issue of cooperation of Indonesia with Ukraine in the areas of the manufacture of turbines for power generation”, he told reporters after talks with Ukrainian President Petro Poroshenko. The…
DetailsRussian Railways is interested in taking part in implementation of the Rasht-Astara railway project of Azerbaijan and Iran, First Vice President of Russian Railways Alexander Misharin said. “Russian Railways has repeatedly expressed interest – including at my recent meeting with the Iranian Railways deputy head Ahmad Khodaei – to participate in implementation of the project…
DetailsThe Russian government may have no time to privatize a 19.5% stake in oil major Rosneft in 2016, Economic Development Minister Alexei Ulyukayev said. “We can have no time”, Ulyukayev said. He said that the fulfillment of a plan to raise 1 trillion rubles for the state budget from privatization of assets in 2016 depends…
DetailsRussia’s revenue from natural gas exports decreased by 31.6% YoY, $14.97 billion in January-June, the Federal Customs Service said. Russia exported 95.4 billion cubic meters of gas in January-June, up by 6.95% YoY. Exports to non-CIS countries rose by 14.6%, to 78.3 billion cubic meters, and exports to CIS countries went down by 18.27%, to…
DetailsZhambyl region increased its industrial output in H1 2016. In January-June the industrial output in Zhambyl region rose by 3.2% which puts it on the fourth position in the country ranking. Foodstuffs processing sector in the region demonstrates a 41% growth, while processing industry shows a 10.7% rise. Positive dynamics is observed also in light…
DetailsUralkali announces the appointment of Alexander Terletsky as Uralkali Trading CEO. Prior to joining the company, Alexander Terletsky held the position of General Director of Lukoil Eurasia Petrol A.S., where he was responsible for sales and logistics of Lukoil products in Azerbaijan, Georgia and Turkey. In 1995 to 2011, he worked in senior positions at…
DetailsEconomy Ambassador Extraordinary and Plenipotentiary of Belarus to Tajikistan Oleg Ivanov met with the Chairman of the Board of the Eurasian Development Bank (EDB) Dmitry Pankin and Deputy Agriculture Minister of Tajikistan Zevarsho Zevarshoyev, the press service of the Belarusian Ministry of Foreign Affairs reported. Participants of the meeting were made familiar with progress in…
DetailsThe North-South international transport corridor is one of the main issues between Iran and Azerbaijan as well as regional countries, Iranian President Hassan Rouhani said. He made the remarks while on an official visit to Baku on August 7, at a joint press conference with Azerbaijani President Ilham Aliyev. “The corridor will connect Azerbaijan to…
DetailsPrime Minister Karim Massimov held a republican meeting on the development of coal industry in Pavlodar Region. “The main purpose of our meeting is to review the current situation and prospects of development of the coal mining industry in the country. But we must look not only at the strategic issues. It is especially important…
DetailsThe installation of the facility for production of Euro 5 gasoline is nearing completion at the refinery in Turkmenistan’s Seidi city, said the message from the country’s oil and gas complex. The project, being implemented by a group of companies WTL (FZE) from the United Arab Emirates and Westport Trading Europe Limited (US), is planned…
DetailsSUE “Center of radio communication, broadcasting and television” and MTS signed an agreement to acquire shares of MTS in the authorized fund of JV LLC “Universal Mobile Systems” in the amount of 50.01% of the authorized fund. Thus, SUE “CRCBT” became the sole founder of the mobile operator “Universal Mobile Systems”. As reported on the…
DetailsDuring his working trip to Pavlodar region, Prime Minister Karim Massimov visited Pavlodar Petrochemical Plant. The Prime Minister was informed of the course of the plant’s modernization program and a unique complex for deep processing of oil. Besides, Massimov inspected the mechanism for primary processing of oil. Pavlodar refinery modernization project is a part of…
DetailsPrime Minister Karim Massimov has familiarized with the progress of construction of a bridge across the Irtysh River during his working trip to Pavlodar region. The project was launched under the Nurly Zhol program and is planned to be commissioned in December 2016. The project aims at construction of the largest bridge in Central Asia,…
DetailsRelations between Azerbaijan and Iran have never been at such a high level as now, said Azerbaijan’s Economy Minister Shahin Mustafayev. Mustafayev made the remarks on August 6, at a meeting dedicated to laying foundation for a joint car plant with Iran’s Minister of Industry, Mine and Trade Mohammad Reza Nematzadeh. He said Iran’s investments…
DetailsGM Uzbekistan, an Uzbek-US automobile maker, shipped the first batch of Ravon R2 automobiles to Kazakhstan, the press service of the company said. The second batch of Ravon R2 cars was also sent to Russia. Soon, the company plans to ship the first batch of NexiaR3 cars to Russia. Nexia R3 became the first model…
DetailsERU Trading (a subsidiary of Energy Resources of Ukraine) jointly with Poland’s national oil and gas company PGNiG have started natural gas supplies from Poland to Ukraine, ERU Trading has said. “ERU Trading and PGNiG made first natural gas supplies from Poland to Ukraine to industrial consumers on the domestic market”, the company’s press service…
DetailsA delegation of Korea Telecom led by Vice President Mr. Baek-hee Lee paid a visit to the free industrial zone Navoi.
During the meeting the current state and prospects of cooperation in investment spheres were discussed.
Korea Telecom is one of the leading companies in Korea introducing universal telephone and communication services. (UzDaily/Business World Magazine)
A groundbreaking ceremony for construction of a joint Azerbaijani-Iranian car plant was held on August 6, in Azerbaijan’s Neftchala industrial quarter. The plant is a joint project of Azerbaijan’s AzEuroCar LLC and Iran’s giant automaker Iran Khodro. Azerbaijan’s Economy Minister Shahin Mustafayev and Iran’s Minister of Industry, Mine and Trade Mohammad Reza Nematzadeh participated in…
DetailsBelarus Petroleum Company (BelOil) has redirected part of its export routes from Ukrainian ports to Lithuania’s Klaipeda, a source in the profile ministry said. The redirection is connected with more favorable logistic conditions. Belarus Petroleum Company (BelOil) was founded in May 2007. The main shareholder is Belorusneft (52% of shares), with Naftan and Mozyr refineries…
DetailsIn January-June Belarusian Railways increased the volume of container transportation in the Chinese direction 2.5 times YoY, Alexander Yevsyuk, First Deputy Head of the Freight Operations and Foreign Economic Operations Service of Belarusian Railways, reported. “The Chinese direction is the most promising transit one. We participate in the implementation of the Chinese initiative aimed at…
DetailsBelarusian Railways jointly with the Polish operator is planning to launch the Grodno-Warsaw-Krakow rail service in September, first deputy head of passenger service of Belarusian Railways Andrei Kashko said. “The volume of passenger traffic to Poland has been growing. Together with our Polish colleagues we are planning to launch the train from Grodno through Warsaw…
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