Economy

page 1081

The harvesting of mandarins has begun in Adjara. In 2010, harvested citrus fruit is expected to amount to 54,880 tons, out of which 29,340 tons will be from the municipality of Kobuleti and 25,540 tons from Khelvachauri, Business Georgia reports.

Read

BP and SOCAR sign deal on Caspian Sea gas resourcesOil group BP signed a deal with Azerbaijan on the 7th of October to explore and develop a big Caspian Sea gas field, cementing the oil giant's leading position in the energy-rich former Soviet republic, the Turkish newspaper “Hurriyet” reports.

Read

Sky Express are launching flights from Vnukovo airport to Mineralnye Vody and Vladikavkaz in the framework of joint development of the route network with Kuban. Initially, flights from Moscow to Kavminvody will be on Mondays, Fridays and Sundays, and from December 20 these flights will be daily, RIA Novosti reports, quoting a press release from the carrier. At the first stage flights to Vladikavkaz will also operate only three times a week - on Thursdays, Saturdays and Sundays, and daily from 6 December.

Read

Deputy Prime Minister Igor Sechin and Eduard Khudainatov, the CEO of Russia's largest producer Rosneft  held a meeting with Total's Christophe de Margerie and another one with BP's Robert Dudley to discuss potential cooperation in offshore oil deposit projects usually closed to foreigners, a Rosneft spokesman said.

Read

Venezuelan President Hugo Chavez has arrived in Tehran for negotiations with Iranian leaders on boosting bilateral cooperation in the oil, gas and petrochemical industries. Iranian state television says Chavez was greeted by Industry Minister, Ali Akbar Mehrabian, at Tehran's Mehrabad airport upon arrival early Tuesday morning. State TV says Chavez will hold talks with his Iranian counterpart, Mahmoud Ahmadinejad, during his two-day visit. 

Read

The President of Georgia, Mikheil Saakashvili, attended the beginning of autumn work in Kakheti region and took part in planting a new American variety of wheat in Kvareli, Business Georgia reports.The President touched on the situation prevailing in the area of agriculture and its future prospects, and pointed out that the government should introduce new technologies in this field. The help of the new Georgian elite, which has acquired experience abroad, will be needed to lay the foundations of the new agriculture in the country.

Read
Chechen car industry

The authorities of Chechnya plan to create more jobs and bases for the development of high technological competitive enterprises of different spheres by developing car production.

Read

The Colchis valley will be drained by 2012, Georgian President Mikheil Saakashvili said at a meeting with agronomists in Kakheti. According to him, the valley has a large amount of land that could be used for the cultivation of export crops, Georgian media reports.”The Communists once drained the valley, but 15-20% of the territory has turned into swamp. This time we will drain the area with the use of modern technology," said the president. He also stressed that Georgia must not leave the land uncultivated.

Read

Fuel prices in Georgia have risen 0.03-0.05 lari ($ 1 = 1.79 lari), Trend reports. In the last 30-40 days world fuel prices have risen by 15-20%. The same tendency is seen in Georgia.

Read

Alexei Kudrin, the Vice-Premier and Finance Minister of Russia, has suggested raising the retirement age for men up to 62 years, and for women - closer to 60. He also noted that this will be a gradual process, and the change will not take place earlier than in six or seven years."Within a year or two we will take a decision, and then, in five years, we will begin to increase the retirement age gradually," Kudrin said, RIA Novosti reports.The retirement age in Russia is currently 60 years for men and 55 years for women.

Read

Gazprom once again increased gas supplies to Turkey: this time from 32 to 42 billion cubic meters daily, due to a temporary delay in Iranian gas deliveries to Turkey, RIA-Novosti cites the management of the gas holding.“As a result of the temporary suspension of gas supplies from Iran to Turkey due to technical reasons, the Botash company has turned to Gazprom with a request to increase the supply of Russian natural gas through the "Blue Stream" gas pipeline until the completion of repair work,” the management said.

Read

Iran has launched a large-scale exploration for fuel uranium in the southern and central regions of the country, chairman of the Iranian Atomic Energy Organization Ali Akbar Salehi announced, Trend reports, referring to the Iranian news agency MEHR.

Read

Iran is ready to open a Convention Secretariat to protect the Caspian Sea (Tehran convention), RIA Novosti reports, citing ISNA and the vice-president of the organization for ecological protection, Madjid Shafiipura. The Caspian Sea Protection Convention was signed on 4 November 2003 in Tehran by five Caspian states – Azerbaijan, Iran, Kazakhstan, Russia and Turkmenistan. Representatives from each country are to gather for scheduled or unscheduled sessions.

Read

Minsk is ready to open a trade office in Georgia to present Belarusian produce and allow interested people to receive detailed information, Business Georgia reports. Delegations from Adjaria to Belarus reached preliminary agreement on information exchange and the visit of a working group from Belarus to Batumi next year. At the meeting the sides discussed shipment of agricultural engineering, grain and seed potato , exchange of experience with Belarus in organizing greenhouse economies and forms of participation in them.

Read

The police of Dagestan have revealed an illegal tie-in on the 349th km of the Grozny-Baku oil pipeline and detained two trucks, one of which was carrying 20 tons of oil, RIA Novosti reports, citing the local police. The incident happened near the village of Dyuzlyar of Derbent region in Dagestan at 00.30. One truck driver escaped arrest.

Read

The Russian government has decided to set the customs rate for cement export at zero. The regulation was signed on October 12 by Russian Premier Vladimir Putin, RIA Novosti reports. The document will come into force a month after the signing.

Read
Shakh Deniz not for Nabucco

In spite of predicted failure, the European gas pipeline project Nabucco, with the consistency of its historical prototype, continues producing new events which develop its lobbying.

Read

The Azerbaijani Minister of Industry and Energy, Natik Aliyev, will visit Riyadh on October 18-20 to participate at the International Energy Forum, dedicated to the 50th anniversary of OPEC. Aliyev will make the visit after an invitation from the Minister of Oil and Mineral Resources of Saudi Arabia, Ali Al-Naimi, the Azerbaijani Ministry of Industry and Energy says, Trend reports.

Read

Atwo-day international investment forum is opening today in Ashkhabad, organized by the Turkmen Chamber of Trade and Industry and the British company IC ENERGY Limited.The President of Turkmenistan, Gurbanguly Berdimukhamedov, said in a speech that the main goal of the forum is to invite investment into the oil and gas and textile industries, construction and the construction materials industry, construction of tourism facilities, roads and airports, agriculture, healthcare and the medical industry.

Read

Populars