Trans Adriatic Pipeline AG (TAP) has selected Honeywell SRL of Italy for the engineering, procurement and installation of its SCADA (Supervisory Control and Data Acquisition) telecommunications and security systems, reads a message posted on the TAP website. “The SCADA and security system will provide integrated, centralized and seamless monitoring and control along the entire 878-kilometer…Details
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Rules approved by the European Parliament on December 14, are intended to secure clearer payment procedures and support European ports received from shipping companies and governments. “After 15 years of discussion about European ports policy, we have finally found an agreement: existing port management models can be maintained and, for the first time, there is…Details
Ukraine substantially boosted sunseed exports in October and they hit five-year high. 59.1 KMT of the product was exported that month against 2.9 KMT in September and 7.4 KMT at the same time last season. Ukraine exported a total 62 KMT of sunseed in 2016/2017 (September-October) that is seven times the volume shipped for the…Details
The meteorological conditions in Belarus are currently favorable for survival of winter crops. Snow cover protected crops against freeze that occurred in early December. Soil temperature at the tillering node depth in winter cereal plantings is at sub-zero values close to 0 degrees C. As thaw has set in, snow cover will be destroyed in…Details
The Azerbaijani parliament adopted a set of amendments to the country’s tax legislation, which will come into effect on January 1, 2017. The amendments include the taxation of operations with offshore companies, limiting cash payments made by big entrepreneurs, operating in trade and public catering, to 30,000 manats per month, the taxation of legal entities…Details
Azerbaijan’s economic model covering the last 10 years has proved to be valuable, Shahmar Movsumov, executive director of the State Oil Fund of Azerbaijan (SOFAZ), reported. “Over the last decade, this economic model has turned Azerbaijan into a completely new country and helped create modern infrastructure. However, in the new economic environment this model ceased…Details
Since the beginning of 2016/2017 MY, Ukraine exported 20.061 million tons of grains, up by 0.88 million tons YoY, the Ministry of Agrarian Policy and Food of Ukraine declared. In particular, wheat exports totaled 10.6 million tons (up by 1.1 million tons YoY), corn – 5.3 million tons (down by 0.45 million tons), and barley…Details