Turkmenistan: Berdimuhamedov not satisfied with low rate of maritime transport

Turkmenistan’s President Gurbanguly Berdimuhamedov expressed dissatisfaction at a meeting of the government, pointing to low rates of cargo transportation by the State Service of Maritime and River Transportation. Berdimuhamedov noted that Turkmenistan’s transport system had considerable reserves of production capacity, allowing it to ensure increasing volumes of transportation of goods and passengers, including those traveling…


Ukraine: wheat flour exports up

According to preliminary statistics figures, during the first 3 months of 2017-2018 MY (July-September) Ukraine exported 117.5 thousand tons of wheat flour, up by 24% YoY.

In particular, in September the exports totaled 44.9 thousand tons, which broke a monthly record for the product shipments from the country in 10 recent years. (APK-Inform/Business World Magazine)

Tajikistan urges to launch CASA-1000 project

Tajikistan called upon the participants of CASA-1000 to speed up the project’s practical implementation. The United Arab Emirates hosted a meeting of the Intergovernmental Council of the CASA-1000 project with the participation of the energy ministers of Afghanistan, Kyrgyzstan, Pakistan and Tajikistan. The representatives of the World Bank, the European Bank for Development and Reconstruction,…


Azerbaijan: banking sector stabilized

Azerbaijani banking sector stabilized after creditors restructured $3.3 billion in foreign obligations of the state-owned International Bank of Azerbaijan (IBA) in return for government bonds, said Nariman Mannapbekov, head of ADB Azerbaijan office. “Some capitalized banks are making initial efforts to gradually build-up their loan portfolios,” Mannapbekov said. On July 15, 2015, President of Azerbaijan…


Belarus: cargo railway transportation with Estonia to improve

The railway companies of Belarus and Estonia are set to increase bilateral cargo transportation operations, the press service of the Belarusian Railways reported. The heads of the Belarusian Railways and the Estonian Railways met in Minsk to discuss cargo transportation on the Belarus-Estonia route and their prospects. In January-August the volume of transported cargo exceeded…


Turkmenistan and Russia outline plan of action to develop economic partnership

The trade and economic partnership was the central theme of the Turkmen-Russian summit talks in Ashgabat. “The parties noted its progressive and stable nature. Despite the objective difficulties associated with the situation in the global economy, Russia continues to be one of Turkmenistan’s largest trading partners,” says the report. Visits of the Turkmen delegations of…


Azerbaijan studying possibility for banks’ merger

Azerbaijan’s Financial Market Supervisory Authority is studying the possibility of local banks’ merger, according to the monitoring report on the implementation of measures reflected in the Strategic Roadmap for the Development of Financial Services. The possibility of further capitalization of the banks is also being considered, according to the report. The Financial Market Supervisory Authority…