Foundation of the Azerbaijan-Iran joint pharmaceutical plant in the Pirallahi Industrial Park will be laid in January 2017, Azerbaijani Economy Minister Shahin Mustafayev said. Iran’s Minister of Cooperatives, Labor and Social Welfare Ali Rabiei will take part in the groundbreaking ceremony of the plant which is an Azerbaijan-Iran joint enterprise, Mustafayev said. Over $30 million…
Azerbaijan’s government plans to create almost 10,000 new jobs in the construction sector, says the Strategic Road Map for the development of housing provision at a reasonable price in the Republic of Azerbaijan. Implementation of the measures reflected in this Road Map is expected to help increase Azerbaijan’s GDP by 249 million manats until 2020,…
Ukraine’s Cabinet of Ministers has approved of amendments to the financial plan of the state-run enterprise Boryspil International Airport for 2016 in resolution No. 963-r dated December 14, 2016. According to an explanatory note to the resolution, the new plan says that net sales revenue will total 2.923 billion UAH and this is 188.3 million…
EIB and EBRD will provide Moldova with a EUR 82 million loan for the construction of the 120-km-long Ungheni-Chisinau gas pipe. This is stipulated by the financing contract Moldova and the European Investment Bank have signed. According to the press service of EIB, EIB and EBRD have assigned EUR 41 million each for the project.…
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…
The decision on allocation of additional funding in the amount of 15-20 billion UAH for the road sector will be made in 2017, President of Ukraine Petro Poroshenko has said. “This year 10 times more roads have been built than in 2015. Not 10% but 10 times more, and I emphasize the decision on allocation…
Director of the European Bank for Reconstruction and Development (EBRD) in Ukraine Sevki Acuner hopes an agreement on financing subway construction in Kharkiv will be signed in the first half of 2017. “Now the procedure of due diligence is underway. We are completing preliminary preparations, developing the project. I hope we will be able to…