Ukraine: after credit risk tests state-run banks to be additionally capitalized

The necessity to additionally capitalize state-run banks will be established after assessing their credit risks in line with the resolution of the National Bank of Ukraine (NBU) No

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Turkmenistan: Ashgabat preparing for global sustainable transport conference

Turkmenistan’s President Gurbanguly Berdimuhamedov held a working meeting on preparations for the first Global Sustainable Transport Conference to be held on November 26-27 in Ashgabat, the Turkmen government said in a message

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Kazakhstan: 5.2 million tons of grains exported in January-September 2016

In January-September Kazakhstan exported 5.2 million tons of grains including flour in grain equivalent, the expert of the department of plant growing products growing and processing at the Ministry of Agriculture Sagintay Zhumazhanov declared

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Turkmenistan committed to broad co-operation in Caspian region

Turkmenistan is committed to constructive cooperation in the Caspian Sea region, the Turkmen government said quoting the country’s President Gurbanguly Berdimuhamedov

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Turkmenistan and Latvia to hold business talks in Riga

The next meeting of the Turkmenistan-Latvia intergovernmental commission on economic, industrial, scientific and technical cooperation will be held in Riga, the Turkmen government said in a message

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Uzbekistan: Tashkent and Ankara to work out co-operation roadmap

The Uzbek Acting President Shavkat Mirziyoyev and Turkey’s President Recep Tayyip Erdogan discussed the development of a “roadmap” for expanding the Turkey-Uzbekistan cooperation during the talks in Samarkand on November 18

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Uzbekistan: LUKOIL attracts $500 million to fund Gissar project

Russia’s oil company LUKOIL attracted a straight loan of $500 million from a consortium of banks in order to finance the project on development of the Gissar gas and condensate fields in Uzbekistan, LUKOIL said in a message

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Romania: SOCAR commissions another filling station

The Azerbaijani state oil company (SOCAR) has increased the number of its filling stations in Romania to 35, the company said in a message. SOCAR commissioned another filling station under the SOCAR brand name in the Romanian Ilfov County, according to the message

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Azerbaijan: Norwegian energy companies to enter market

Norwegian energy companies are interested in entering the Azerbaijani market, Norwegian ambassador to Azerbaijan Bard Ivar Svendsen reported

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Azerbaijan: new NAZ Lifan 820 model presented in Baku

Lifan 820 Premium car, produced at the Nakhchivan automobile plant (NAZ), was presented in Baku on November 20. “NAZ presents new Lifan models to the customers every year”, Polad Sadikhov, deputy director of the plant, reported

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Ukraine: Israel and India continue boosting purchases of sunmeal

Sunmeal exports from Ukraine totaled 142.0 KMT in September against 85 KMT in August and 139 KMT in September 2015. Analysts expect Ukraine’s overall 2016/2017 sunmeal export to reach at least 4400 KMT

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Azerbaijan: Iran minister to mull issues of mutual interest

Iran’s Minister of Communications and Information Technology Mahmoud Vaezi will visit Azerbaijan, Shahin Mustafayev, Azerbaijani minister of economy, said

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Ukraine: Infrastructure Ministry starts infrastructure projects contest

Ukraine’s Infrastructure Ministry has announced the start of the infrastructure projects contest. “The Infrastructure Ministry with the help of the reform support group has announced the start of the infrastructure projects contest

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Ukraine: over 0.7 million tons of sunflower oil exported in September-October 2016

According to the November balance sheets by NGO “Economic discussion club”, coordinated by the Interdepartmental working group under the Ministry of Economic Development of Ukraine, in September-October of 2016/2017 MY the export volumes of sunflower oil from Ukraine totaled 706 thousand tons

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Ukraine: IMF program increases sustainability of economy

The program of the International Monetary Fund (IMF) provides not only cash, but is also aimed at increasing the economy’s sustainability in Ukraine

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Ukraine: IMC sees fall in net profit in January-September 2016

Industrial Milk Company (IMC) saw a 17.1% YoY fall in net profit in January-September 2016, to $16.69 million. According to a company report on the Warsaw Stock Exchange (WSE), its revenue fell by 19

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Azerbaijan: funds from oil sales transparent and internationally audited

All the accumulation of money from oil sales of Azerbaijan and also spending are transparent and internationally audited, Azerbaijan’s President Ilham Aliyev said during a meeting with a group of participants of the 5th News Agencies World Congress in Baku

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Europe: farmers stick with wheat for 2017 despite rapeseed’s price appeal

EU farmers will keep soft wheat area the same for the 2017 harvest despite the depressant of weak prices, Strategie Grains said, citing a limited switching of land to rapeseed instead

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Ukraine: Danosha to invest in soybean crushing

Danosha company will invest next year in equipment that will enable producing soybean oil and cake right at the plant. Over the recent years, soybeans have been sown in the test mode to check out if the local conditions are suitable for this crop

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Ukraine: Risoil S.A. to invest in construction of a terminal in the Chernomorsk Port

The Swiss company Risoil S.A. declared its readiness to continue investing in construction of a grain terminal in SE Commercial Sea Port of Chernomorsk, the press-service of the company reported

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Bulgaria: oilseeds harvesting campaign

According to the Ministry of Agriculture, as of November 10, 759.9 thousand ha of sunflower had been threshed, or 99.9% of the plan. 1699.7 KMT had been threshed with an average yield of 2

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Asia: Caspian states mull shipping safety agreement

Representatives of Azerbaijan, Iran, Kazakhstan, Russia and Turkmenistan met in Ashgabat to discuss a draft protocol on cooperation in safety of shipping in the Caspian Sea

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Azerbaijan to supply wine to China

Azerbaijan will supply 500,000 bottles of wine to China, the Economy Ministry said. The ministry said that the agreement on the supply was reached during the visit of an export mission of Azerbaijani entrepreneurs to Hong Kong and Guangzhou on November 9-15

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Azerbaijan: Azeri Light production at 2015 level

Total production at the Azeri-Chirag-Deepwater Gunashli (ACG) was on average 644,000 barrels per day (b/d) (over 176 million barrels or 24 million tons in total) in January-September, same as in January-September 2015, BP Azerbaijan has said

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Azerbaijan important for Northern Cyprus

Azerbaijan is one of the important countries for Northern Cyprus in the field of tourism development, Fikri Ataoglu, Cypriot minister of tourism and environment, said

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Azerbaijan: AIIB to allocate first loan on TANAP financing

Board of Directors of the Asian Infrastructure Investment Bank (AIIB) plans to consider the allocation of a loan worth $600 million for the Trans Anatolian Natural Gas Pipeline (TANAP) project in March 2017, the AIIB reported

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Ukraine: Karpatygaz and Ukrgazvydobuvannia joint gas output in October 2016

Joint operations of public joint-stock company Ukrgazvydobuvannia and Karpatygaz LLC resulted in production of 53.7 million cubic meters of gas and 2,700 tons of gas condensate in October, according to a posting on the website of Misen Energy AB‚ (Sweden, the owner of the controlling stake in Karpatygaz)

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