Belarus and Georgia intend to increase their trade up to $200 million in 2017. Deputy Prime Minister of Belarus Mikhail Rusy made the statement after the national expo of Belarus in Georgia. Mikhail Rusy noted: “The heads of state have given instructions to reach the trade turnover of $200 million by late 2017. It is…
Norway’s oilfield services company Enhanced Drilling has opened a new workshop and office facility in Baku. The new workshop is located at Salyan Highway 22nd km and features 2,355 square metres of space. The new workshop is three times the size of the facility formerly occupied by Enhanced Drilling in Baku, and features a 15-ton…
There is a chance to privatize Russian oil major Rosneft by the end of the year, presidential aide Andrei Belousov reported. “In accordance with the schedule we should have time to do this”, he said. Economic Development Minister Alexei Ulyukayev said in late August that the government might have no time to privatize 19.5% in…
Russia’s Finance Ministry plans to collect additional 2.5 trillion rubles in 2017-2019 to finance budget deficit. The ministry wants to raise taxes, mobilize revenues and deplete sovereign funds in 2017-2019, some of the officials said. The proposals were discussed at a meeting held by the First Deputy Prime Minister Igor Shuvalov on Monday, but no…
The Russian government will use pension savings of the working people for 2017 to pay the current retirees, Deputy Prime Minister Olga Golodets said. The measure was used for the first time for savings in 2014 to spare more state money for the current pensioners. “We have reached a definite limit, there is no money…
Russia has certified Apple’s new smartphones, smartwatches and wireless headphones. The certification shows two modifications of the iPhone 7 instead of three earlier expected. The smartphones will run on the iOS 10 operating system. Apple certified three new models of the Apple Watch on the watch OS2 system. The U.S. giant will unveil its new…
Belarus is due to host an investment forum in Minsk on September 29-30. Entitled “Broadening the Horizons: Investment, Finance, Development”, the forum will focus on innovations, inflow of foreign direct investments (FDI), and protection of intellectual property rights. The major goal of the forum is to discuss relevant aspects of investment cooperation and attract the…