Latvia: requirement for purchase of land not discriminating towards EU citizens

The law that provides stricter language requirements for procurement of agriculture land is not discriminatory towards citizens of other European Union member states, says Latvian Agriculture Ministry, commenting on complaints submitted to EC center for setting conflicts Solvit by foreign businessmen in relation to the requirements imposed by Latvia on privatization of land. “According to…


Belarus: Belkommunmash to sell electric buses to Russia

The mechanical engineering company Belkommunmash is exploring the possibilities of supplying electric buses to Moscow, St Petersburg, and Yekaterinburg, Vitaly Shkuratov, head for marketing and sales in Belarus and Russia at the Management Company of the Belkommunmash Holding Company, reported. “We are considering exporting electric buses to Moscow, St Petersburg, and Yekaterinburg. The trial operation…


Tajikistan to develop cooperation with Azerbaijan

Tajikistan is keen to develop cooperation with Azerbaijan in all fields, said Tajik Ambassador Soli Rustam as he presented a copy of his credentials to Foreign Minister Elmar Mammadyarov.

He noted that he would spare no efforts to contribute to developing the bilateral ties during his tenure. (AzerNews/Business World Magazine)

Turkmenistan: treaties with Uzbekistan and Kazakhstan ratified

Turkmenistan and neighboring countries of the region, which have large stocks of hydrocarbon, advocate for the diversification of the energy flows. The Parliament of Turkmenistan adopted new draft regulations on “Ratification of an agreement on strategic cooperation between Turkmenistan and the Republic of Uzbekistan” and “Ratification of an agreement on strategic cooperation between Turkmenistan and…


Azerbaijan: assets of AtaBank OJSC up

Assets of Azerbaijan’s AtaBank OJSC have increased by 30%, to 609.9 million manats since the beginning of 2017, said Chairman of the bank’s Executive Board Dayanat Guliyev. He made the remarks at the signing ceremony of a partnership agreement with the Chinese UnionPay in Baku. “AtaBank is one of the country’s leading banks in terms…


Ukraine: berry exports up in 2016

In 2016 Ukrainian exports of fresh cranberries and bilberries reached 2,900 tons (valued at $6.9 million), 3.3 times as high as in 2015, according to the Ministry of Agrarian Policy and Food of Ukraine. Poland (1,418 tons), the Netherlands (613 tons) and Belarus (541 tons) were the leading export destinations for those berries. An increase…


Kazakhstan: 1.5 million flu vaccines to be shipped to hospitals

Kazakhstan’s single national pharmacy and medical equipment procurement operator SK-Pharmacy has purchased almost 1.5 million influenza vaccines for the season of 2017, the company’s press-service reports. According to the Chairman of the Board of SK-Pharmacy Maxim Kasatkin, this year the government has spent 1.2 billion tenge on free vaccination of the most vulnerable groups of…


Ukraine: 2018 budget to be ready on time

Ukraine’s Minister of Economic Development and Trade Stepan Kubiv says the draft national budget for 2018 has already been endorsed by all ministries and is to be submitted to the Verkhovna Rada for consideration within the timeframe established by law, i.e. before September 15. “As of now, the revenue and expenditure parts of the budget…


Latvia: butter price reaches its maximum

The price of butter in Latvia has reached its maximum, said Competition Council chairman Skaidrite Abrame. “Prices in Latvia have definitely reached the peak. Alternatives for imports of cheaper butter are being considered,” Abrama said, adding that butter in Estonia was at least 20-30% cheaper. Abrama also notes that prices for butter have grown considerably…


Azerbaijan to supply more wine to China

Azerbaijan, taking credit for being one of the world’s oldest wine growing countries, intends to expand the export of wine to China, the world’s second-largest economy. The issue was the key topic of talks between local winemakers and the trade representative of Azerbaijan in China, Teymur Nadiroglu. Nadiroglu informed entrepreneurs about the Chinese wine market,…