Companies of Ukraine’s State Reserve Agency saw 1.48 million UAH of net profit in the first six months of 2016, up 15 times YoY, the press service of the State Reserve Agency reports. “According to the results of the first six months of 2016, the state-run companies of the State Reserve system showed positive dynamics.…
DetailsGiven the air service liberalization between Ukraine and Lithuania, Ukraine International Airlines enhance the selection of travel opportunities to Lithuania. In September in addition to Kiev – Vilnius, Odessa – Vilnius, and Kiev – Palanga flights, UIA will offer passengers to take advantage of non-stop scheduled services between Lviv and Vilnius. Effective September 16, the…
DetailsJoint-stock company Toshshahartranshizmat launched a mobile app TashBus, which allowed to monitor movement of public buses in Tashkent. The mobile app has been developed in cooperation with Grand Technology System and covers all bus routes in Tashkent city. Currently, the app can be used on Android devices. The company said that soon it would launch…
DetailsBranches of major Belarusian companies in the regions should be able to take care of the stability of their economic status. Prime Minister of Belarus Andrei Kobyakov made the statement during a working trip to Brest Oblast on August 3. “At present the situation is complicated in many enterprises located in the regions because the…
DetailsPJSC “Poltava Brake Components Plant”, a KrAZ group company and a major supplier of brake components for Kremenchug Automobile Plant, sold 66,6 million UAH worth of products within 7 months of 2016. The company sold 53,5 million UAH worth of brake components and 9,5 million UAH worth of consumer goods. “PAAZ” managed to maintain sales…
DetailsNational joint-stock company Naftogaz Ukrainy expects that the Arbitration Institute of the Stockholm Chamber of Commerce would issue a verdict in litigations with Russia’s Gazprom by the end of the first half of 2017, Naftogaz Commercial Director Yuriy Vitrenko wrote on his Facebook page. “We are on the homestretch, hearings will start next month. The…
DetailsKazakhstan set a task to move from the 77th place to the 40th place in the rankings of world’s countries with the best logistics climate by 2020. “Building high-quality transport and logistics infrastructure and conducting flexible tariff policy and strengthening partnership relations between the participants of the market allowed to improve the quality of transport…
DetailsAccording to the regional agricultural departments, as of August 4, Kazakh agrarians harvested grains throughout 587.7 thousand ha, or 36.9% of the planned areas, the Ministry of Agriculture of the Republic of Kazakhstan declared. As of the reporting date, agrarians produced 1.29 million tons of grains, up by 245 thousand tons YoY. The average yield…
DetailsAn Iranian private company is negotiating gas swap with Azerbaijan and Turkmenistan, Azizollah Ramazani, director of the International Affairs Department at the National Iranian Gas Company (NIGC), said. He did not unveil further details. Iran has already announced readiness for natural gas swap projects with Russia, Turkmenistan and Azerbaijan. It was earlier announced that Iran…
DetailsThe first airplane Boeing-787 Dreamliner of Uzbekistan Havo Yollari (Uzbekistan Airways) underwent painting stage. Photos of the airplane Boeing-787 Dreamliner in the colors of the flag of Uzbekistan were published at microblogging network Twitter. The Boeing-787 Dreamliner will arrive in Uzbekistan in August during the celebrations of the Independence Day of Uzbekistan. The Boeing 787…
DetailsThe cost of the project on construction of new international passenger terminal of Tashkent Airport (Tashkent-4) will make up $336 million. Investment project “Construction of new international passenger terminal of Tashkent Airport (Tashkent-4)” is implemented in cooperation with the Republic of Korea. Korea International Cooperation Agency (KOICA) provided a grant for development of the feasibility…
DetailsForestry industries of Belarus and Kazakhstan intend to advance scientific, technical, trade and economic cooperation. The agreement was reached when a Belarusian delegation led by Forestry Minister Mikhail Amelyanovich met with Deputy Agriculture Minister of Kazakhstan Yerlan Nysanbayev, the press service of the Belarusian Ministry of Foreign Affairs reported. Representatives of forestry enterprises and organizations,…
DetailsBelarus offers up to 200 innovative projects to China for investing, Chairman of the State Science and Technology Committee of Belarus Alexander Shumilin said at the Belarusian-Chinese forum on the commercialization of the results of the scientific and technological activity. “The forum will feature more than 200 Belarusian projects. We are interested in attracting investment…
DetailsAs of August 4, agricultural organizations of Belarus harvested grains and pulses throughout 1.08 million ha, or 48.8% of the planned areas, up by 80 thousand ha YoY. The average yield totaled 3.48 t/ha, the harvested volumes – 3.747 million tons of grains, the Ministry of Agriculture of the Republic of Belarus declared. Also, agrarians…
DetailsThe authorized capital of Azerbaijan Caspian Shipping CJSC will be increased by almost 15%, from 383.42 million manats to 440.05 million manats, according to a decision on the amendments to the company’s charter of the country’s Cabinet of Ministers. As a result, total number of the company’s shares will increase from 383,420,621 to 440,050,998 (one…
DetailsAzerbaijan’s state oil company SOCAR will additionally produce 29,200 tons of oil thanks to the commissioning of a new well, said SOCAR. The well is being drilled at the Gunashli offshore field in the Azerbaijani sector of the Caspian Sea. The projected depth of the well is 2,850 meters, and the well yield is expected…
DetailsAgricultural cooperatives will be created in all regions of Kyrgyzstan, the department of information support of the Kyrgyz government reported. First Deputy Prime Minister Mukhammetkaly Abulgaziev noted that the agricultural potential of the country was not used to its full potential. “Despite the fact that a large part of the population lives in rural areas,…
DetailsAgency of automobile and river transport hosted a meeting of the board following the first half-year results of its activity. The Agency together with local administrations carries out the work on the study of passenger traffic and the needs of the population for passenger transport in the region, as well as provides practical assistance to…
DetailsThe first ship with anthracite would arrive to Ukraine on August 20 or August 21, Ukrainian Energy and Coal Industry Minister Ihor Nasalyk has said. Nasalyk also said that he had signed a decree to reconstruct two units of Zmiyivska thermal power plant managed by Centrenergo to switch from anthracite to gas coal. He said…
DetailsAutoKrAZ maintains production level achieved in the beginning of the second half year. Kremenchug Automobile Plant produced 75 vehicles in this July, the same amount as in June. Chassis cabs amount for 51% of the total output, platform trucks – for 44%, and truck tractors for 5%. 63% of vehicles have been built for sales…
DetailsAcron sold its subsidiary holding 50.5% shares in China’s Hongri-Acron, the Russian fertilizers company said. An investment and industrial company from Hong Kong acted as a buyer. “In line with Acron Group’s long-term development strategy, we decided to sell our stake in Hongri Acron plant in China and focus on further development of our Russian…
DetailsThe Izhneftemash engineers developed a new sucker-rod tubing pump, to execute the contract and meet the requirements of the client and API Spec Q1 and API Spec 11€• international standards. A new design of standing valve catcher makes this tubing pump distinct from other models. Another novelty is a custom-built valve assembly with a titanium…
DetailsThe financing of the Ilyushin Il-114 aircraft development program shall start in the fourth quarter of this year, Russian Deputy Industry and Trade Minister Andrei Boginsky said. “The funds will be furnished for the program in the fourth quarter of this year. The decision has been made, and a request has been submitted by the…
DetailsRussia’s International Uranium Enrichment Center and Ukraine’s Nuclear Fuel state company have signed a new contract on the deliveries of uranium raw materials from Ukraine to Russia in 2016, Enrichment Center Commercial Director Gleb Yefremov has said. Ukraine delivers its uranium to Russia for enrichment and the subsequent fabrication of nuclear fuel for its nuclear…
DetailsAnalysts of Rusagrotrans CJSC increased their estimations of the general grain harvest in Russia in the current year to 115.8 million tons, as opposed to 113 million tons of the previous forecast, the Deputy Director of the strategic management department at Rusagrotrans CJSC Igor Pavensky declared. Rusagrotrans increased the forecast due to significantly improved estimations…
DetailsIn the beginning of 2016/2017 MY, the export rates of Russian grains will be slightly lower compared with the same period last season, the Deputy Director of the strategic management department at Rusagrotrans CJSC Igor Pavensky has said. In July the volumes of grain exports will total nearly 2 million tons (the forecast remained unchanged),…
DetailsRevenue management systems, a Mercator Company (RMS), a global leader in revenue management solutions, has been selected by Ural Airlines, one of Russia’s fastest growing airlines, to provide state-of-the-art revenue management, inventory control, and reporting tools to the airline. Leveraging the robust capabilities of airRM, the innovative revenue management software developed by RMS, the airline…
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