The Economic Court of Brest Region has started bankruptcy proceedings regarding Brest Household Chemicals Plant, the Finance Ministry of Belarus said in a release. The country’s largest manufacturer of household detergents, perfumery and cosmetics, Brest Household Chemicals Plant earned a net loss of Br406.9 million ($209.958 million) in Q1 2016. (Prime-TASS/Business World Magazine)
Belarus’ proceeds from oil product exports dropped by 35.3% YoY in January-June to $2.457 billion, a government source reported. In physical terms, Belarus’ oil product exports decreased by 1.5% YoY, to 8.869 million tons. The decline in proceeds from oil product exports results in the first place from the plunge in global prices of oil…
Belarus’ proceeds from exports of petroleum products to Latvia grew by 55% YoY in January-June to $57 million, a source in the profile ministry reported. Belarus exported 154,235 tons of petroleum products in January-June to Latvia, up by 85% YoY. (Prime-TASS/Business World Magazine)
Auchan Retail Russia, a local unit of French retailer Auchan, plans to open up to 20 Lillapois Beauty cosmetics stores per year with annual investments amounting to about 400 million rubles, Eric Didierdefresse, the project’s head, said. The first Lillapois Beauty store opened in Moscow on August 19, and two more shops will be open…
Tajikistan has reportedly increased manufacturing of oil products over the first seven months of this year. According to the Agency for Statistics under the President of Tajikistan, about 70,000 tons of oil products have been manufactured in Tajikistan in January-July, up by 30.3% YoY. The agency attributes the increase in the volume of oil products…
Azerbaijan will import 4,000 tons of AI-92 gasoline in the coming days, the country’s state oil company SOCAR said in a message posted on its website. The message said the Azerbaijani Cabinet of Ministers’ decree on canceling the customs duty on the gasoline import was made on the basis of SOCAR’s appeal in connection with…
Oil Traders Association of Kyrgyzstan asks to open access to the market of petroleum products of Kazakhstan, executive director of the association Ulan Kulov announced at the meeting on the problems of the fuel market. According to him, no one has exact data on smuggling. “We can judge by reduction of imports by 90,000 tons.…