JV MAN Auto Uzbekistan, an Uzbek-German joint venture, will launch production of cabs for supersize MAN trucks in Samarkand region in September. The project on localization of production of cabins is realized in cooperation with MAN Truck&Bus Group (Germany). The capacities of JV MAN Auto Uzbekistan on production of cabins for MAN trucks will be…
DetailsJizzakh cement plant completed implementation of the project on expansion of its production capacities up to 1 million tons a year. The project cost is $35.8 million. Dal Teknik Makina Ticaret ve Sanayi A.S. (Turkey) participated in the project implementation. It was financed through resources of the Fund for reconstruction and development of Uzbekistan in…
DetailsThe volume of trade turnover between Iran and Azerbaijan is estimated to surge by at least 80% over the current Iranian year (to end March 21), an Iranian trade official said. Considering the close diplomatic ties between Tehran and Baku and the existing plans for cooperation between the two neighboring countries, the level of trade…
DetailsThe European Commission will allocate 3.5 million euros of financial aid for the project for construction of TANAP via which Azerbaijani gas will be delivered to Turkey and then to Europe, said the message from TANAP. These funds will be used to support commercial activities and the integrated facility management system. “The European Commission considered…
DetailsThe Indian company Bravo Pharma expressed the intention of cooperation with Inha University in Tashkent (IUT) in the introduction of innovative solutions in healthcare. On July 22, Bravo Pharma delegation headed by Director General Rakesh Pandey held talks with the heads of the university. During the meeting, Rakesh Pandey said about the company’s activities, including…
DetailsMore effort should be made to develop the international transport corridors in Eurasia, Ambassador Extraordinary and Plenipotentiary of Belarus to Tajikistan Oleg Ivanov said in his speech at a conference on the role of transport and transit corridors in ensuring sustainable development, the press service of the Belarusian Ministry of Foreign Affairs reported. “Oleg Ivanov…
DetailsAbout 600 enterprises, which earlier did not export their goods, started to ship their products to foreign states in the first half of 2016, a publication of the Ministry of Economy and the State Statistics Committee of Uzbekistan said. The enterprises began to export 208 new products. The geography of supplies increased by 44 new…
DetailsTransit of natural gas via Ukrainian gas transport system fell to 136 million cubic meters on July 26, and this is 30% less than average daily transit on July 1 through July 22 (around 190 million cubic meters a day), according to Ukrtransgaz’s data. Transit started falling on July 23 when it was 172 million…
DetailsPublic joint-stock company Kyivenergo (Kyiv) saw a 38% rise in net loss in January-June YoY, climbing to 752.21 million UAH. According to a company report, its net revenue in H1 2016 grew by 20.1% YoY, to 10.87 billion UAH, and gross loss totaled 165.86 million UAH compared to 295.08 million UAH of gross profit in…
DetailsBoard Chairman of Ukrzaliznytsia Wojciech Balczun has said that international operations of the company should be stepped up. He seeks to create the UZ Cargo International brand within six months, Balczun wrote on his Facebook page, commenting on the board’s action plan presented to the Infrastructure Ministry by him on July 25. “The main goal…
DetailsPublic joint-stock company Ukrnafta, Ukraine’s largest oil producer, saw 10.09 million UAH of net loss in January-June compared to 3.91 billion UAH of net profit a year ago. The company said in a report that its net revenue in H1 2016 decreased by 42.8% YoY, or by 6.648 billion UAH, to 8.89 billion UAH, and…
DetailsA winner of the competition was selected to become investor for the implementation of the Agreement on the distribution of hydrocarbons extracted from the Yuzovsky field, the press service of the state-owned enterprise Nadra Ukrainy has reported, which is a stakeholder of Nadra Yuzovsky PLC, founded to implement the project of finding and mining under…
DetailsAs of July 26, agrarians harvested 24.78 million tons of early grains and pulses throughout the areas of 6.71 million ha, or 69% of the plan (9.6 million ha, according to estimations). The average yield totaled 3.69 t/ha. At the same time, on the same date in 2015 agrarians harvested 23.65 million tons of grains…
DetailsCEO of the national oil and gas company Naftogaz Andrei Kobolev has pledged the country will have enough gas in the coming winter. “As of now, the country’s underground gas storage facilities hold about 10.3 billion cubic meters of gas. We plan to have about 14.5 billion cubic meter by the end of the season”,…
DetailsTurkey is ready to initiate construction of the first line of the Turkish Stream gas pipeline project, Turkish Economy Minister Nihat Zeybekci said. “We are open for construction of the first line of the Turkish Stream from standpoint of Turkey’s need for natural gas”, the Minister said. “Political decisions are in place to settle the…
DetailsTaban Air CEO has announced the operation of a new flight path between Tehran and Russia’s Astrakhan. Founder and CEO of Taban Air Airline Company Asghar Abdollahpour made the announcement saying “the airline will operate flights once a week on a regular basis in order to facilitate commutes of Iranian and Russian businessmen”. The flight…
DetailsArmed forces of the Syrian Arab Republic received the new Su-24M2 all-weather attack aircrafts from Russia. The upgraded Su-24M2 front-line bombers were transferred from presence of Aerospace Forces of the Russian Federation within rendering military and technical assistance to the Syrian Army in fight against the terrorist group “Islamic State”. According to unconfirmed information, Syria…
DetailsSumy, city in northeastern Ukraine, has received 850 energy efficient street lighting system lamps from UNDP for modernization of street lighting. Deputy Director of the UN Development Program Blerta Cela gave a certificate for handing over these devices to the Mayor Oleksandr Lysenko on July 27 at Sumy city council. “Sumy authorities are focusing now…
DetailsRussia resumes activity of the joint intergovernmental Russian-Turkish commission on trade and economic cooperation. The Prime Minister of the Russian Federation Dmitry Medvedev signed the corresponding decree of the Government #706 dated July 22, the Ministry of Economic Development reported. The document provides for resumption of the negotiation process between Russia and Turkey on the…
DetailsRussia and Bangladesh have signed an intergovernmental agreement on the allocation of a state loan to finance the main stage of the construction of the Ruppur nuclear power plant in Bangladesh, Atomstoyexport (ASE) said in a press release. “Financial and legal conditions have been created for the project of the construction of NPP Ruppur. For…
DetailsThe efficiency of Russia’s air defense system in the northwestern strategic area has grown 1.5 times over the past three years, Russian Defense Minister Sergei Shoigu said. “The district troops have been reequipped and received new warplanes and the S-300V4, S-400, Buk-M2 air defense missile systems, the Pantsir-S1 combined short to medium range surface-to-air missile…
DetailsRosneft Finance S.A. (a subsidiary of Russian state-owned oil company Rosneft) has redeemed second series Eurobonds worth $1 billion, the company said in a statement. The Eurobonds were issued by the former TNK-BP group in 2006, with a maturity term of 10 years and the coupon rate of 7.5% per annum. “Maximization of profit at…
DetailsFSUE “Rosmorport” and “MSC GROUP”, Italian holding company, discussed the “Construction of Sea Terminal in the City of Pionersky” project. The meeting, held on July 19, in Genoa (Italy), was attended by Deputy Minister of Transport of the Russian Federation – Head of the Federal Agency of Sea and River Transport Viktor Olersky, Deputy Head…
DetailsOn July 4 to 17, the Arkhangelsk Branch Ice Pilots escorted a caravan consisting of 15 vessels of the Jan De Nul company dredger fleet to the Gulf of Ob of the Kara Sea, says Rosmorport. The icebreaker escort distance amounted to 1200 nautical miles. The Point of Destination of these dredgers was the seaport…
DetailsThe Sommers, lead ship of TSHD 1000 design, built for FSUE Rosmorport, commenced operations at the seaport of Makhachkala on July 23. Rosmorport says the dredger will perform the most urgent maintenance dredging to debottleneck the access channel and the basin of the port’s oil harbor. The work on dredging to the design depth will…
DetailsAfter the high results of 2015, Moldavian farmers decreased sunflower sowing area for the new harvest of 2016/2017, but not because of the lowering interest in this crop. The reason for the lower area was essential increase in sowing material prices after high crop losses in 2015/2016, which also preconditioned the necessity to import expensive…
DetailsPJSC LUKOIL has commissioned Phase I of the auxiliary power supply plant in the Republic of Komi. The 100 MW power plant is designed to satisfy the growing need in power at the Denisovsky license area and will increase utilization of associated petroleum gas. The project, developed and implemented by PJSC LUKOIL’s wholly owned subsidiary…
Details