Business World Magazine: пятница, августа 26, 2016

Business World Magazine

26.08.2016

Ukraine: production of value-added agricultural products to be developed

In the agricultural industry Ukraine has to move in the direction of developing value-added commodities production, the Minister of Agrarian Policy and Food of Ukraine Taras Kutovyi declared

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Ukraine: 3 billion cubic meters of gas imported in H1 2016

Ukraine imported 3.002 billion cubic meters of natural gas worth $586 million in the first half of 2016, including 19.596 million cubic meters worth $4

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Russia: Renault to deliver cars to Azerbaijan

French automobile concern Renault plans to deliver cars to Azerbaijan from Russia. Renault has already started to deliver cars to Kyrgyzstan from Russia

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Europe: Romania to replace Ukraine in rapeseed market

Romanian farmers have finished rapeseed harvesting. 2016 rapeseed harvesting campaign was the most productive ever in Romania. For more than 20 years rapeseed acreage in Romania has been expanded to the third largest acreage over the reporting period

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Russia: Renault launches exports of cars to Kyrgyzstan

Renault Russia has launched exports of cars made in the country to Kyrgyzstan, the company said in a statement. “Renault Russia announces a launch of supplies of cars to Kyrgyzstan, thus expanding the export project to the CIS states

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Russia: over 80 million tons of grains harvested

As of August 22, Russian agrarians continued harvesting grains and pulses. Agrarians harvested grain crops throughout the areas of 26.2 million ha (on the same date in 2015 – 22

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Russia: 2016 budget deficit to overshoot planned 3%

Russia’s budget deficit may exceed 3% of the gross domestic product (GDP) in 2016, Prime Minister Dmitry Medvedev said after a government meeting

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Russia to lose billions from Ukraine’s association with EU

Trade consequences of regional agreements may be adverse for countries not participating in them, department director of Russian Ministry of Economic Development Maxim Medvedkov said

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Tajikistan: refrigeration chamber put into operation in Sarband

The President of Tajikistan Emomali Rakhmon took part in the opening ceremony of a number of facilities in the city of Sarband of Khatlon region

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Belarus: compromise on gas price and oil supplies with Russia close to reaching

Minsk is close to reaching mutual understanding with Moscow regarding the price of Russian natural gas for Belarus and on exports of Russian oil to the country, Belarusian Prime Minister Andrei Kobyakov reported

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Belarus: Minsk Silicate Materials Plant to merge with Belarus Cement Plant

OAO Minsk Silicate Materials Plant will be incorporated by the Belarusian Cement Plant (Kostiukovichi, Mogilev region) in accordance with resolutions made by shareholders of both companies

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Belarus: Belaruskali starts mining potash in Turkmenistan

Two Soligorsk-based companies: Belaruskali and Shakhspetsstroi – have started mining potash ore at the Garlyk mining and processing factory in Turkmenistan, a Belaruskali official said

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Belarus: company to produce agricultural machines in Russia’s Kaluga region

A Belarusian enterprise producing agricultural machines will be established in Kaluga region, Russia, the press service of the Embassy of Belarus in Russia reported

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Belarus: SvetlogorskKhimvolokno and Maxi Foods ink cooperation agreement

The Belarusian artificial yarn manufacturer SvetlogorskKhimvolokno and the Hungarian retail chain Maxi Foods have signed a cooperation agreement

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Belarus took part in Slovenia’s agricultural fair

Belarus’ national stand has been presented at the international fair of agriculture and food AGRA in Gornja Radgona, Slovenia on August 20-25, the press service of the Belarusian Ministry of Foreign Affairs informed

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Belarus: reserves to grow by $500 million in 2017

Belarus plans to increase its gold and foreign currency reserves by $500 million in 2017, Prime Minister Andrei Kobyakov said. It is a complex task but achievable, if the government and the National Bank coordinate their efforts, said Kobyakov

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Belarus: over 6.7 million tons of grains harvested

As of August 24, agricultural organizations of Belarus harvested grains and pulses throughout the areas of 2 million ha, the Ministry of Agriculture of the Republic of Belarus declared

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Azerbaijan: ADB postpones loan allocation for North-South project

The Asian Development Bank (ADB) has postponed the consideration of allocating a $200 million loan for implementation of the International North-South Transportation Corridor project, as well as for development of Azerbaijan’s railway sector, till the next year, said an ADB message

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Uzbekistan: salaries to grow in October 2016

President of Uzbekistan Islam Karimov signed a decree “On increasing the sizes of salaries, pensions, stipends and social allowances” on August 22

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Russia: son of tycoon Abramovich to build large greenhouse

The Belgorod Region has approved of construction of one of Russia’s largest greenhouse project of the Greenhouse company owned by Arkady Abramovich, son of tycoon Roman Abramovich

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Uzbekistan: second combined-cycle gas turbine launched at Talimarjan TPP

Consortium of South Korean companies completed construction of the second combined-cycle gas turbine with capacity of 450 MW at the Talimarjan thermal power plant in Kashkadarya region

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World: TAP progressing in line with schedule

The construction of the Trans Adriatic Pipeline (TAP), which is designed to transport Azerbaijani gas to European markets, is progressing fully in line with its schedule, TAP AG said

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Tajikistan: Dushanbe – Kurgan-Tyube – Kulyab railway to reduce transportation costs

Commissioning of the railway Dushanbe – Kurgan-Tyube – Kulyab is extremely important and valuable for further improvement of the welfare of the population, progress and development of the national economy, said the President of Tajikistan Emomali Rakhmon, who became the first passenger to travel this road by train

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Turkmenistan to intensify economic ties with Indonesia

Turkmenistan’s Foreign Ministry hosted a meeting with Indonesia’s Iran-based Extraordinary and Plenipotentiary Ambassador Octaviano Alimuddin, the Turkmen ministry said

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Turkmenistan to expand trade with Malaysia

Turkmenistan and Malaysia have exchanged views on expansion of trade and economic cooperation between the two countries, the Turkmen Foreign Ministry said

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Uzbekistan: Railways start transporting cargo via Angren-Pap railway

Uzbekistan Temir Yollari (Uzbekistan Railways) started to transport carfo via new railroad Angren-Pap. According to the company, over 10 trains with various cargoes run on Angren-Pap railroad a day

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Ukraine: pressure in Russian gas transportation system falls

The pressure in the Russian gas transportation system at the junction point with the Ukrainian gas transportation system has fallen significantly, energy holding Naftogaz Ukrainy said in a statement

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Uzbekistan: grants for $47.7 million attracted in Q2 2016

Uzbekistan attracted 89 grants for $47.7 million in the second quarter of 2016, the Ministry of Finance of Uzbekistan said. In the reporting period, Uzbekistan attracted 42 grants for $20 million to healthcare, education and improving skills of employees and 12 grants for $2

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Ukraine: flour exports to increase annually

Ukrainian flour exports will grow annually by 30-35%, the Chairman of the Board of Directors the agricultural holding KSG Agro Sergiy Kasianov said

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Ukraine: over 38 million tons of grains harvested

As of August 22, Ukrainian agrarians harvested 38.1 million tons of grains and pulses (including 37.9 million tons of early grains) throughout the areas of 9

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