Uzbekistan and China discuss trade-economic ties

On August 9, the Ministry of foreign economic relations, investments and trade of Uzbekistan hosted a meeting with Advisor on trade and economic issues of the Embassy of the People’s Republic of China in Uzbekistan Jin Yulong.

During the meeting, the sides discussed current state of bilateral trade-economic, investment and financial-technical cooperation. (UzDaily/Business World Magazine)

Kazakhstan: new ferry complex to start cargo transshipment by December 2016

A new ferry complex in Kazakhstan’s Kuryk port will start cargo transshipment by the 25th anniversary of Kazakhstan’s Independence, the country’s Prime Minister Karim Massimov wrote on Twitter on August 9 Kazakhstan will celebrate 25th anniversary of Independence on December 16. As of today, ferry transportation from Kazakhstan to other Caspian littoral states is possible…


Kyrgyzstan: agreement with Russia on construction of Uppernaryn cascade and Kambarata HPP-1 cancelled for good

Kyrgyzstan completely broke the agreement with Russia on the construction of Uppernaryn cascade and Kambarata HPP-1, National Energy Holding Company JSC reported. The agreement signed on September 20, 2012 expired on August 9. Currently, Kyrgyz and Russian parties are negotiating to resolve all economic issues that have arisen in the period of the agreements, including…


Kazakhstan to cooperate with China in the sphere of space technologies

Kazakh Ambassador in China Shakhrat Nuryshev met with Vice President of the Aerospace Long-March International Trade Co. Ltd (ALIT) Zhao Chunchao in Beijing. During the meeting, the sides discussed the topical issues of bilateral cooperation in the sphere of space, unmanned aircrafts and defense industry complex. “Relations between Kazakhstan and China can serve as an…


Belarus: manufacturing output up in H1 2016

State support helped the companies affiliated with the Industry Ministry increase output, Belarus’ Prime Minister Andrei Kobyakov said. “Support provided to the companies of the Industry Ministry during this complicated period helped them increase the output by 0.7% over 2015 and 1.4% in January-July 2016. Backlog of inventories was reduced by almost Br2 trillion (non-redenominated)”,…


Belarus: revenues from export trade in oil products and potash down in January-May 2016

Belarus’ revenues from export trade in oil products and potash fertilizers dropped by $1.7 billion in January-May due to low prices, Belarusian Prime Minister Andrei Kobyakov said. Although Belarus increased exports in physical terms, export revenues fell by 1.1% YoY, said Kobyakov. According to him, the only way for Belarus to compensate for missing revenues…


Belarus: Belneftekhim reports $339 million foreign trade surplus in H1 2016

Companies controlled by Belarus’ petrochemical industries concern Belneftekhim produced a $339 million foreign trade surplus in January-June, Belneftekhim said in a release. In physical terms, petrochemical exports remained unchanged year on year in H1 2016. In value terms, exports of chemical and petrochemical products have dropped by more than $1 billion due to the drop…


Ukraine: grain quality improvement determined by new information environment

Ukrainian grain business pays more and more attention to the latest information technologies and their role in competitiveness improvement on the global market. Information on grain quality, reputation of supplier/country of origin becomes the main factor of competitiveness and securing a foothold in markets. The new approach to market data interpretation will provide the expansion…