Business World Magazine: вторник, августа 23, 2016

Business World Magazine

23.08.2016

Uzbekistan: new building of Andijan railway station commissioned

Uzbekistan Temir Yollari (Uzbekistan Railways) commissioned into operation a new building of the railway station Andijan, the press service of the Uzbek company said

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Kazakhstan: direct flights to be launched between Astana and Warsaw

Presidents of Kazakhstan and Poland Nursultan Nazarbayev and Andrzej Duda made a joint statement following their talks in Warsaw. According to Nazarbayev, Kazakhstan is rich in natural resources, but the country implements today a large-scale industrialization program

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Uzbekistan: Mubarek Gas Processing Plant to complete project on production of granulated sulfur

Mubarek Gas Processing Plant will have completed the project on production of granulated sulfur with nominal value of 80,000 tons a year by the end of 2016

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Uzbekistan: minimum wage to go up

The President of the Republic of Uzbekistan signed a decree to increase the wage of employees of budgetary institutions and organizations, pensions, stipends and grants on average 1

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Kyrgyzstan: investments in 2017 to go up

Kyrgyzstan expects increase in investments in 2017, Deputy Prime Minister of Kyrgyzstan Oleg Pankratov announced. According to him, countries of EEU remain the main market outlet for Kyrgyzstan

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Kazakhstan: businessmen to sign $1 billion deals with Poland

Kazakh and Polish businessmen are going to sign bilateral deals worth $1 billion, the Head of State Nursultan Nazarbayev announced after the talks with his Polish counterpart Andrzej Duda in Warsaw, Poland

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Uzbekistan: Uzeltehsanoat to implement 95 investment projects

The activity of JSC “Uzeltehsanoat” over the years of independence, achievements and future plans were discussed at the briefing held in the capital

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India: GoAir to conduct flight to Uzbekistan

Indian low cost airline GoAir received a permission to carry out flights to Uzbekistan. Local mass media reported that the Government of India had provided permission to GoAir to conduct flights between Uzbekistan and India

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Georgia: attempt to blow up part of gas pipeline thwarted

Georgia’s State Security Service said it had prevented an attempt of blowing up a part of a gas pipeline that supplied the Russian natural gas to Armenia

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Uzbekistan: Uzbekcharmpoyabzali to produce 8.7 million pairs of shoes in 2016

The main objectives of the Association “Uzbekcharmpoyabzali” are to coordinate the activities of the industry via storing up and processing the raw leather, produce competitive leather products, shoes and leather goods, as well as introduce advanced technologies, modernize and technically re-equip the industry

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Belarus: global potash market restoring slowly amid new deals with India and China

The Belarusian Potash Company (BPC) says the global potash fertilizer market is gradually getting back to normal on reports about new contracts made with India and China

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Azerbaijan: BP gas output up in H1 2016

In H1 2016, 5.4 billion cubic meters of gas and 1.3 million tons of condensate (nearly 10 million barrels) were produced at Azerbaijan’s Shah Deniz gas and condensate field, as compared to 5

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Belarus: $2.3 billion spent on oil imports from Russia in H1 2016

Belarus’ expenditures on crude oil imports from Russia dropped by 24.8% YoY in January-June to $2.398 billion, Belstat said in an official report

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Belarus saves on gas imports from Russia in H1 2016

Belarus’ expenditures on natural gas imports from Russia dropped by 6.7% YoY in January-June to $1.257 billion, a source in the profile ministry reported

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Belarus: leasing companies new business portfolio down in H1 2016

New contracts of Belarus’ leasing companies dropped 2.4 times YoY in January-June to Br270.7 million ($140.3 million) as of July 1. Belarus’ Association of Lease Providers posted these figures in its semiannual report

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Belarus: Grodno Azot nitrogen fertilizer exports down in H1 2016

Belarus’ chemical company OAO Grodno Azot says its nitrogen fertilizer exports dropped by 25.6% YoY in January-June to 107,600 tons (in terms of 100% nitrogen), a source in the profile ministry reported

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Belarus: potash exports to Turkey up in H1 2016

Belarusian Potash Company (BPC) shipped 32,589 tons of potash fertilizers to Turkey in January-June, up by 12% YoY. Potash export proceeds from Turkey-bound shipments dropped by 9% YoY to $13

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Uzbekistan: Ahangarancement receive licenses to use subsoils

Joint stock company Ahangarancement received licenses to use subsoils. According to the company, Comission of the Cabinet of Ministers of Uzbekistan on issuing licenses to use subsoil, containing industrial minerals issued the license to Ahangarancement

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Azerbaijan: Baku to hold meeting on intergovernmental commission with Bulgaria

The 4th session of the Azerbaijan-Bulgaria Intergovernmental Commission on Trade and Economic, Scientific and Technical Cooperation is planned to be held in September in Baku

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Azerbaijan: profit oil share to reach 60% by late 2016

Some 404.1 million tons of oil and 123 billion cubic meters of associated gas have been produced at the Azeri-Chirag-Guneshli (ACG) block of oil and gas fields in the Azerbaijani sector of the Caspian Sea since November 1997, First Vice President of the Azerbaijan’s state oil company SOCAR Khoshbakht Yusifzade said

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