Azerbaijan: Tehran-Baku railway cooperation to bear first fruit soon

Iran and Azerbaijan are expected to launch transporting goods and cargos through the International North-South Transport Corridor in the coming months, amid efforts to boost trade ties between the two neighboring countries. Mohammad Ebrahimi, economic consultant at Iranian Embassy in Baku, said that the goal of cooperation between the two neighboring countries would be fulfilled…

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Ukraine: PrivatBank’s supervisory board attracts McKinsey to draw up bank’s strategy

The supervisory board of PrivatBank (Kyiv) has announced McKinsey & Company the winner of a tender to select an internationally recognized company responsible for drawing up a strategy of the financial institution. PrivatBank said in a press release that the objective of this assignment was to design a market strategy to optimize PrivatBank operations while…

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Ukraine to intensify free trade with Georgia

Ukrainian president Petro Poroshenko has announced he has agreed with his Georgian counterpart Giorgi Margvelashvili to facilitate economic partnership and deepen the free trade area. “We’ve agreed to intensify economic partnership, remove all barriers, coordinate tariffs, including for rail and ferry services, and deepen the free trade area,” he said at a joint press conference…

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Ukraine: Ukroboronprom arms exports up in 2016

The state-run Ukroboronprom Concern managed to increase the export of Ukrainian arms by 25% in 2016, Deputy General Director for Ukroboronprom development, Artur Kheryvimov stated at a press conference at Kherson Regional State Administration. “Over the past year, we (Ukroboronprom) have increased our exports by 25% – from $570 million to $770 million,” said Kheryvimov.…

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