Construction of a new international seaport is underway in the Caspian city of Turkmenbashi. The project aimed at the development of port infrastructure envisages construction of car and passenger terminals, as well as container, loading, polypropylene terminals and other facilities developed in accordance with the environmental safety requirements of GreenPort international standard. Once the seaport…Details
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Italian food giant Ferrero SpA has held talks with the government of Azerbaijan, which may lead to the company’s support of the hazelnut cultivation in the country. The issue was mulled by Azerbaijani Minister of Agriculture Heydar Asadov and Ferrero officials. Azerbaijan is attempting to increase hazelnut production through a package of incentives that include…Details
The deficit of Ukraine’s foreign trade in goods in January-June increased almost 2.6-fold YoY, to $1.882 billion (in the first half of 2016 some $727.5 million), the State Statistics Service said. According to its data, in June the deficit was $551.6 million, while in May $442.2 million, in April $151.4 million. In January-June exports of…Details
IMC agricultural holding has harvested 78,100 tons of winter wheat from 13,700 hectares. According to a holding press release, the yield of this crop was 5.7 ton per ha (in bunker weight), up by 19% YoY, and is the record for all 11 seasons of growing winter wheat by IMC. “Despite difficult weather conditions, both…Details
Assets of solvent banks in Ukraine, excluding the insolvent financial institutions, in January-June fell by UAH 18.375 billion ($715 million), or by 1.5% YoY, as of July 1, 2017, to UAH 1.238 trillion, or $48.2 billion, according to the National Bank of Ukraine. The assets decreased by UAH 11.655 billion ($453.5 million), or by 0.9%…Details
Tallinn public transportation company Tallinna Linnatranspordi AS (TLT) is to begin testing the fully electric Solaris Urbino 12 Electric bus in the capital city on August 15. “Solaris Urbino 12 Electric is the factory’s prototype bus, which will be used for introducing the technological solution of a fully electric bus as well as assessing its…Details
Continuing established cooperation, State Revenue Service and Association of Hotels and Restaurants of Latvia will form a joint work group to propose legislative initiatives, SRS representatives say. On August 11, SRS met with leading officials of LVRA. According to SRS, the meeting helped address several important cooperation matters. An agreement was also reached in regards…Details