The start of production of cars at the joint Azerbaijani-Iranian factory in the Neftchala industrial zone may stabilize prices on the automotive market of Azerbaijan, General Director of MBA Group consulting company, expert in the field of valuation Nusret Ibrahimov declared. According to the expert, the main factor that can cause price stabilization will be…
DetailsThe exports of Ukrainian goods grew to $7.4 billion in two months of 2018. “In two months of 2018 the exports of Ukrainian goods totaled $7.4 billion (up by 17.9% YoY),” Prime Minister of Ukraine Volodymyr Groysman posted on Facebook. As the Prime Minister noted, the exports to the EU showed the highest growth, up…
DetailsFirst Ukrainian International Bank (FUIB) took leading positions in the Financial Oscar rating by the magazine “Business” according to the results of 2017. Thus, FUIB turned out to be one of the leaders in the nomination “Support of SMEs”, ranking second in the rating. It entered TOP-3 in the “Agrarian Bank” category, receiving the second…
DetailsIn Estonian passenger aviation a considerable 19% growth has been observed by the Tallinn Airport in 2017, which has explained the increase in passenger numbers partly with unusually bad weather conditions. Tallinn Airport’s commercial director, Eero Pargmae, has said that the Estonia’s busiest airport is seeking to provide its services for some 2.9 million travelers…
DetailsThe South Korean company Korea Expressway Corporation (KEC) intends to take part in the tender, which will determine the private partner for reconstructing the M10 motorway as a pilot public private partnership project. The possibility was discussed as representatives of the Korean company met with specialists of the Public Private Partnership Center and the Economy…
DetailsMicro, small and medium-sized private businesses in Tajikistan will now benefit from a new Regional Small Business Program (RSBP) launched in Dushanbe on April 19, the European Bank for Reconstruction and Development (EBRD) Resident Office in Dushanbe reported. The EU-funded and EBRD-managed project is reportedly designed to transfer know-how in the field of micro, small…
DetailsThe State Automobile Roads Agency of Ukraine, also known as Ukravtodor, plans to introduce an automatic weigh-in-motion system for trucks, which excludes the human factor, Acting Ukravtodor Head Slawomir Nowak said. “From our part, we want to introduce an automatic weigh-in-motion system when nobody stops the truck, but photos are taken when there is a…
DetailsUkrainian Social Policy Minister Andriy Reva says 40% of Ukraine’s economy remains in the shadow, therefore the developed countries’ standards of solving economic problems cannot be effective in Ukraine, while de-shadowing will bring more money to the wage fund than the actual economic growth. “This was proved by the government in 2017. The entire wage…
DetailsThe ticket revenue of Eesti Liinirongid AS, the Estonian state-owned operator of passenger trains operating under the Elron brand, increased by 15% YoY, to EUR 1.2 million in March. The number of boardings in March totaled 635,000, up by 4% YoY, the company said on April 19. The Elron routes with the highest passenger numbers…
Details12 student dormitories will be built in Atyrau region. Two 100-bed dormitories are being already built, and construction of two more will start soon. The local administration is developing design and specification estimates for construction of 8 more dormitories for 960 students at large, its press service said. According to the third direction of the…
DetailsAzerbaijan plans to begin exporting eggs to Russia and Iran, Executive Director of the National Entrepreneurship Support Fund (NFES) of Azerbaijan Shirzad Abdullayev said at a press conference. Abdullayev said that if in the past Azerbaijan could not completely provide itself with this product, now the local production was sufficient not only to ensure domestic…
DetailsIncomes of local budgets have grown almost 4-foldover the past two years, Prime Minister of Ukraine Volodymyr Groysman said during a meeting with representatives of regional media. “When we started to work, the local budgets amounted to UAH 64 billion and did not have own revenues. Now they amount to UAH 231 billion, which is…
DetailsThe frequency of trains running on the Baku-Kiev railway route can be increased, Evgeny Kravtsov, acting chairman of the board of the Ukrainian Railways JSC, wrote on his Facebook page. He said that the issue could be considered in case of higher demand. “We hope that passengers will appreciate the convenience of this route. If…
DetailsIn January-February Belarus’ farm exports rose by 7.4%, Aleksei Bogdanov, Head of the Central Office for Foreign Economic Activities of the Belarusian Agriculture and Food Ministry, said at the Dairy Belarus international forum. “In January-February the Belarusian agricultural industry expanded by 7.4% over January-February 2017. The trade reached $765 million. We recorded the growth in…
DetailsAzerbaijan’s Bank BTB has created a BTB Kapital investment company.
The authorized capital of the company is 350,000 manats. The official representative of the company is Rustam Jafarov.
Presently, five investment companies with a total turnover of 4.3 billion manats operate in Azerbaijan.
Bank BTB has been operating in Azerbaijan since 2010. (Trend/Business World Magazine)
Relations between Ukraine and Poland are developing successfully, in particular, in the economic sector, Ambassador Extraordinary and Plenipotentiary of the Republic of Poland to Ukraine Jan Pieklo said. “In most sectors the relations between Ukraine and Poland are good and very good, particularly with regard to cooperation in the economy. In recent years, the parties…
DetailsUkraine maintains its interest in the Baltic, Adriatic, Black Sea Initiative put forward by the Croatian president and believes that joining it meets its objectives, Ukrainian Deputy Prime Minister for European and Euro-Atlantic Integration Ivanna Klympush-Tsintsadze has said. She stated this at a meeting with Croatian Prime Minister Andrej Plenkovic in Zagreb. “Ukraine is one…
DetailsUkraine’s new light MSB-2 Nadiya helicopter, built by Zaporizhia-based JSC Motor Sich, made its maiden flight in the city of Zaporizhia on April 16. The MSB-2, which is made of composite materials by 70%, is an upgraded version of the Mi-2 helicopter. Its fuel tank is installed outside the passenger compartment. The helicopter’s trials will…
DetailsPolish Ambassador to Ukraine Jan Pieklo has said that there is a technical possibility to supply liquefied natural gas from Qatar to Ukraine through Poland. “There is a technical possibility to supply gas through Poland from Qatar. I think that negotiations are being conducted in this direction,” the diplomat said. As reported, Qatar, as part…
DetailsThe Ministry of Finance and Economy of Turkmenistan and the Ministry of Economy, Commerce and Business Environment of Romania have signed a memorandum of understanding on cooperation in the economic sphere. The document was signed in Ashgabat as part of the seventh meeting of the joint Intergovernmental Turkmen-Romanian Commission for Economic, Scientific and Technological Cooperation.…
DetailsPrime Minister of Kazakhstan Bakytzhan Sagintayev praised national GDP growth in 2018 at the session of the government on April 17. “From what we have heard during reports today it follows that GDP growth amounted to 4.1% in March. The Head of State Nursultan Nazarbayev tasked the government to step up economic growth and given…
DetailsThere are no restrictions on the purchase of milk from population in Ukraine, First Deputy Agrarian Policy and Food Minister Maksym Martyniuk said. “There is no such ban and will not be,” he stated. At the same time, he stressed that the quality of this milk should be improved. “But this has nothing to do…
DetailsErnst & Young auditing company confirms that PJSC Ukrzaliznytsia has improved its financial results and achieved profitable growth, according to Ukrzaliznytsia acting Board Chairman Yevhen Kravtsov. In a post on his Facebook page, Kravtsov wrote: “One of the world’s best auditing companies has confirmed the right direction and implementation of the strategy for reforming PJSC…
DetailsOver 782,400 tons of cement were produced in Tajikistan in the first quarter of this year. The volume of cement production increased by 356,000 tons compared to January-March of the previous year, according to the profile departments of the country’s economic bloc. Taking into account the implementation of new infrastructure projects, construction of residential houses,…
DetailsThe state-owned airport operator AS Tallinna Lennujaam (Tallinn Airport) announced a public tender this week for the drawing-up of a preliminary draft and technical project for the construction of a maneuvering area at the airport of Parnu. Altogether EUR 20 million are to be allocated out of the state budget for the reconstruction of Parnu…
DetailsThe Belarusian automaker MAZ intends to double sales of automobiles in Yaroslavl region, Russia in 2018. A Yaroslavl region delegation led by governor Dmitry Mironov visited MAZ. The delegation went on a tour of the company’s product choice exhibition. The meeting ended with negotiations. The Russian region is interested in Belarusian automobiles. In 2018 MAZ’s…
DetailsCzech train and bus company RegioJet puts on sale tickets for routes from Uzhgorod and Mukacheve to Prague. The route from Zakarpattia region to the capital of the Czech Republic will involve two types of transport. First, the passengers will travel by bus to the Slovak city of Kosice and then take a company’s yellow…
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