Azerbaijan may increase wine exports 2-fold by the end of 2018, Chairman of the Azerbaijan Wine Producers and Exporters Association Elchin Madatov declared. “The export of Azerbaijani wine products exceeded $4 million in the first half of 2018, up by 80% YoY,” Madatov said. “By the end of 2018 we expect a 100% increase in…Details
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Gnidava Sugar Refinery continues to modernize production. The installation of “Babbini” beet pulp presses is in the final stage. The equipment is intended for pulp spinning after diffusion, the deputy chairman of the investment board Glib Galkevych reported. “Two thirds of equipment have already been installed, we begin to bring it all in operation. We…Details
The Cabinet of Ministers has left unchanged the price of gas for the population until September 1. The decision was made at a government meeting on July 26, according to the government portal. “The government has extended until September 1 the effect of resolution No. 187 on the approval of the clause on the imposition…Details
Compared to May the level of construction costs in Latvia grew by 0.4% in June. Labor remuneration of workers grew by 0.6%, prices of building materials – by 0.5%, but maintenance and operational costs of machinery and equipment – by 0.1%. In June the average level of construction costs was mostly affected by an increase…Details
Azerbaijan’s NIKOIL Bank and non-bank credit organization TBC Kredit (subsidiary of Georgian TBC Bank) are holding negotiations on the merger. To this end, both parties have signed an agreement on strategic partnership. A source close to the negotiations said that it was too early to talk about the actual merger, because there were still a…Details
About 40 builders of Osh-Batken-Isfana road in Batken region went on a strike because of non-payment of wages. The protesters demand payment of the wage arrears for four months. The Ministry of Transport and Roads said that the problem would be solved in the coming days. Funds will be transferred to the account of the…Details
Kernel Holding boosted sales of bulk sunflower oil to 1.301 million tons in FY 2018 (July-June), up by 20.1% YoY. Sales of bottled sunflower oil fell by 9.7%, to 118.6 million liter. The holding processed 3.136 million tons of sunseed in the reporting period, up by 6%. Kernel stepped up bulk oil sales by 37.3%…Details