One of the leading cosmetics producers in Latvia – Kinetics Nail Systems – has received a significant amount of funding from Nordea Bank. EUR 400,000 will be used to refinance standing commitments and provide turnover funds. “This year’s funding from Nordea Bank will be used for the development of new formulae, expansion of products offered…
Ukraine’s petrochemical plant Karpatnaftokhim has resumed operations after five years of downtime, according to the company’s press service. In late April, the Cabinet of Ministers adopted a resolution that determined the plant’s annual quotas for raw materials exports exempt from excise duty, that is 1.07 billion liters of liquefied gas, 1.17 billion liters of straight-run…
Prime Minister of Belarus Andrei Kobyakov was made familiar with the development of enterprises in the industrial park Khimgrad and enterprises of Kazanorgsintez Company in Tatarstan, the Russian Federation. While on a tour of Khimgrad Andrei Kobyakov was made familiar with the manufacturing sites of the resident companies there. Those are primarily companies specializing in…
President Shavkat Mirziyoyev singed a decree to create the free economic zones Nukus-pharm, Zomin-pharm, Kosonsoy-pharm, Sirdaryo-pharm, Boysun-pharm, Bustonlik-pharm, and Parkent-pharm, in efforts to draw investment to the pharmaceutical industry, produce high-quality medicine, boost Karakalpakstan, Djizzak, Namangan, Sirdarya, Surkhandarya and Tashkent’s industrial capacities, and create new jobs. With pharmacy bearing much importance, Uzbekistan has always paid…
Turkmenistan is building a new seaport on the Caspian Sea in the city of Garabogaz, the country’s Deputy Prime Minister for Industry Batyr Ereshov said at a government meeting. Chemical products are planned to be exported through the new seaport. The construction of a modern port facility in Garabogaz in the place of the old…
The Belarusian potassium manufacturer Belaruskali intends to start making a new kind of fertilizers using Chinese technologies, Ivan Golovaty, Belaruskali Director General, member of the International Affairs and National Security Commission of the Council of the Republic of the National Assembly of Belarus, declared. The executive said that Belaruskali was considering a number of investment…
Prime Minister of Ukraine Volodymyr Groysman has expressed hope that the management of Rivneazot and Cherkasy Azot, parts of Ostchem Group, will resume operations at the plants in autumn 2017. “I instructed the first deputy premier, we’ve checked provision with fertilizers for the spring sowing campaign, but we need to prepare for autumn. And I…