Assets of the State Oil Fund of Azerbaijan (SOFAZ) increased by 4.6% and amounted to $35.1 billion as of July 1, as compared to $33.57 billion in early 2016, SOFAZ said in a report. SOFAZ’s revenues totaled almost four billion Azerbaijani manats during the H1 2016, and expenditures were almost at 2.256 billion manats. During…
DetailsThe Council of Ministers has approved an agreement on the formation of indicative (forecast) balances of gas, oil and oil products in the Eurasian Economic Union which was signed in Moscow on April 22. This is envisaged in the corresponding resolution No. 553 of July 14, the press service of the Belarusian government informed. The…
DetailsAggregate capital of the banks of Uzbekistan reached 8.6 trillion soums as of July 1, up by 23.3% YoY. This was announced at the expanded session of the Board of the Central Bank dedicated to the results of the activities of the banking system in the first half of 2016. Current level of capital adequacy…
DetailsCoal stocks in the warehouses of thermal power plants (TPP) of Ukraine in June decreased by 34.5% and as of July 1, stood at 1.6 million tons, the Ministry of Energy and Coal Industry said. In particular, gas coal and long-flame coal stocks amounted to 1.091 million tons, while anthracite coal stocks amounted to 508,200…
DetailsCooperation between Ukraine and Azerbaijan in AN-178 production will establish the model of UkrOboronProm working relationship with other countries. This was stated by Director General of the State Concern Roman Romanov, commenting on the statement of the President of Ukraine in his briefing in Baku in the framework of the official visit to Azerbaijan. “One…
DetailsRussia continues to export high volumes of wheat brans. In May shipments of wheat brans from Russia were 69.15 KMT, which is 38.5% higher than in May 2015 (49.9 KMT). Since the beginning of the season Russian wheat bran exports are 12% higher than over the same period of 2014/2015 (717.2 KMT against 637.7 KMT…
DetailsDeputy head of Turkmenistan’s “Turkmenneftegazstroy” state concern Atakuli Tatov has been appointed acting head of the concern, the decree signed by Turkmenistan’s President Gurbanguly Berdimuhamedov said. The subdivisions of the state concern are engaged in construction of oil and gas pipelines and development of oil and gas fields, reconstruction of oil processing facilities, as well…
DetailsLosses bourn by Ukraine because of the unilateral termination of the Cyclone-4 contract by Brazil can reach about $800 million, the press service of Yuzhnoye State Design Office has said. “According to preliminary estimates, Yuzhnoye Design Office losses could amount to roughly $800 million because of the unilateral contract termination by Brazil”, the report has…
DetailsShokhrukh Shoakhmedov was appointed the deputy chairman of Uzbekistan’s Central Bank according to a decree of President Islam Karimov, the Central Bank said. Shoakhmedov was heading the Central Bank’s central administrative board in Tashkent. Uzbekistan’s Central Bank is tasked to regulate money circulation and activities of commercial banks in the country. Currently 26 banks operate…
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