The international ratings agency Moody’s Investors Service has confirmed Azerbaijan’s long-term issuer and senior unsecured debt ratings at Ba1 and assigned a negative outlook. Azerbaijan’s rating was changed in February, and the outlook on it was changed to “negative” in April. Earlier, the international ratings agency Fitch Ratings also approved of the long-term issuer default…
DetailsOn August 1, a transition of tow caravan consisting of 4 tows and LSP-2 support block complex placed on a floating pontoon started from the seaport of Astrakhan towards the point of destination – V. Filanovsky oil deposit in the Caspian Sea. The Astrakhan Branch pilots in cooperation with the seaports of Astrakhan and Olya…
DetailsTajik President Emomali Rahmon met in Jakarta, Indonesia with the Islamic Development Bank (IsDB) President Dr. Ahmad Mohamed Ali on the sidelines of the 12th World Islamic Economic Forum (WIEF). According to the Tajik president’s official website, Rahmon expressed satisfaction with the current level of cooperation between Tajikistan and IsDB. The government of Tajikistan and…
DetailsRussia’s ELSIB shipped the fifth electric engine to Uzbekistan, the press service of the company said. The electric engine shipped to Takhiatash thermal power station. The company said that the contract for supply of the electric engines was inked in 2015 and its execution was completed in late July 2016. For the last three years,…
DetailsAzerbaijan Airlines (AZAL) announced the launch of a new campaign on flights from Baku to Berlin and vice versa. AZAL Miles frequent-flyer program participants, who will purchase air tickets for flights on the above-mentioned route from September 6 to October 29, 2016, will be able to earn twice as much status and travel points. Direct…
DetailsBelarusian Railways has started selling tickets to European countries online. For the sake of improving the quality of service and developing online sales of international service tickets Belarusian Railways has introduced a new technology to sell digital tickets on its website, explained the company’s press service. For now customers are invited to buy tickets to…
DetailsThe growth rate of Belarus’ gross domestic product is expected to reach 101.5% in 2017 while inflation is supposed to make 9% at most. Prime Minister of Belarus Andrei Kobyakov made the statement during the session of the Presidium of the Council of Ministers held on 2 August to discuss the draft social and economic…
DetailsAzerbaijan Railways CJSC plans to start laying rail lines in mid-August within construction of a railway section from Azerbaijan’s Astara station to the border with Iran as part of the North-South transportation corridor, Nadir Azmammadov, spokesperson for Azerbaijan Railways, said. The North-South transportation corridor is meant to connect northern Europe with South-Eastern Asia. It will…
DetailsAzerbaijan Export and Investments Promotion Foundation (AZPROMO) has updated the catalogue of Azerbaijan’s investment projects by including 65 projects, said a message from the country’s Economy Ministry. It was noted that the purpose of updating the catalog is to promote the attraction of foreign investment in Azerbaijan’s non-oil sector. The catalogue includes 65 projects covering…
DetailsNew ferries will be launched for freight traffic between Azerbaijan’s Baku International Sea Trade Port in Alat and Kazakhstan’s Kuryk port, which is being built, said a message from the CJSC Baku International Sea Trade Port. The message said that the head of the Baku International Sea Trade Port Taleh Ziyadov held a meeting with…
DetailsAzerbaijan and Iran have discussed the projects for joint production of pharmaceutical products, cars and car spare parts, said the message from Azerbaijan’s Economy Ministry. The issues were discussed during the meeting of Azerbaijan’s Economy Minister Shahin Mustafayev with Iran’s Minister of Communication and Information Technology Mahmoud Vaezi. Vaezi was on an official visit to…
DetailsAgromir Juice, a part of Uzbekoziqovaqatholding, will supply fruit juices and concentrates to India.
The company has signed an export agreement with the Indian company Shriji International LLC valued at $716,300.
Currently, the Uzbek company started to shop products, prepared from fruit, produced in Uzbekistan. (UzDaily/Business World Magazine)
About 40 companies from Belarus have taken part in the Belarusian-Russian program meant to monitor the quality and safety of food products, Director General of the Eurasian Agency for International Cooperation Alexander Olshevsky informed. A summarized report will be published in late August. “Dozens of companies are still in the final stages of testing. Several…
DetailsIn January-July JSC Rosterminalugol (port Ust-Luga, Leningrad Region) handled 9.6 million tons of coal, which is nearly the same as in 7M’15, says the company. In July, the company handled 1.7 million tons of export coal, up by 6% YoY. Coal intended for exports to the Netherlands (ARA ports), Germany, Great Britain, Spain, Italy, Turkey,…
DetailsThe World Wildlife Fund (WWF) will lobby for a change in the route of the gas pipeline Power of Siberia-2 in order to preserve the UNESCO World Heritage Site Golden Mountains of Altai, WWF Russia’s extractive industry environmental policy officer Alexey Knizhnikov said. In 2015, Russia’s energy giant Gazprom and the China National Petroleum Corporation…
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