Economy

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Seyed Mehdi Sadeki, executive director of Iran Air Tour, announced that in next 6 months its Tupolev 13 airplanes will be substituted at a cost of 180 million dollars, reports Iran News. The issue of financing the purchase of new planes is now being discussed. The planes will be replaced with Boeing and McDonnell Douglas aircraft gradually one by one over the next 5-6 months . He added that there are no problems with the Tupolevs, but that the public has a bad attitude towards them.

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Flights between Nalchik and the Jordanian capital, Amman, have recently been launched by the air companies "Saratov airlines" and "Rusline", to be carried out once every ten days, RIA Novosti reports.

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"Kazmunaigas", a partner of "Gazprom", has announced its intention to buy the main Georgian gas pipeline. Mr Kabildin, the representative of "Kazmunaigas", said "We are evaluating the possibility of gas transit via Georgia as part of the "Baku - Black Sea" gas transport corridor.Meanwhile, Georgian sources said that the government isn't holding talks on a possible sale of the main pipeline.

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 A reduction of the fishing quota for Azerbaijan in the Caspian Sea has been made at the country's own?initiative, an adviser to the Azerbaijani Ecology and Natural Resources Ministry's department for development and preservation of river basin biodiversity, Tariyel Mamedli, told Trend. A meeting of the Com

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The world's largest producer of mobile phones is going to open a branch in Azerbaijan, Vesti.az reports. According to Nokia's manager, Karel, the Azerbaijani market is a top priority among the southern CIS states."We are quite satisfied with the results of our work and we're going to expand our presence in the region," Golub said.The Azerbaijani mobile phone market is developing intensively and shifting to the "device+service" form, which is another level of consumer culture.

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A new shopping center called "Bazaar of Istanbul" was opened in Turkey just near the Georgian border, "Business Gruzia" reports.The shopping center is situated just 2 miles from the frontier post of Sarpi and Georgians also work in it. Moreover, the center provides certain benefits to the citizens of Georgia.

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Legal personalities are going to be penalized for monopoly and violation of competition. Such an amendment will be introduced into the "Criminal Code of Georgia", "Business Gruzia" reports.According to the present-day law, only physical persons can be charged with monopoly. The new law will make the judicial authorities able to charge the legal personalities also.

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Early Sunday morning, while landing at Yekaterinburg's "Koltsovo" airport, smoke began to appear from the engine of a Tu-154 airliner flying from Mineralnye Vody to Yekaterinburg, Interfax reports."During flight 206 to Yekaterinburg, smoke appeared from the engine of the aircraft. The pilots informed the dispatch operator and operative services were send to the airliner", the press service of "Ural Airlines" told the agency.Due to fast measures being taken nobody was injured.

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The Executive Directors' board of the International Monetary Fund has decided to allocate 50 million SDR (74.8 million dollars) to Georgia in the framework of the crisis management program "Stand-by",

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35 Russian tourists, travelling from Ukraine to Turkey on vacation, have suffered as a result of the bankruptcy of the Ukrainian tour operator "Karya Tour", Russian Consul General in Antalia ,Mirdzhalol Husanov, told RIA-NOVOSTI. «Those affected are mostly tourists travelling from Ukraine. Of course there are Russians among them who bought their tickets in Ukraine, who may well be domiciled in Ukraine», Husanov said. Altogether, there are about one thousand "Karya Tour" customers from Ukraine, 35 of whom are Russian citizens.

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The Minister of Transport of Russia, Igor Levitin, will arrive tomorrow in Yerevan, reports NEWS.am with reference to Armenian Prime-Ministerial Assistant Aram Ananian.During his visit he will meet with Prime Minister of Armenia Tigran Sargsyan on the 10th of July. They will discuss the decision of the Armenian-Russian intergovernmental commission, which took place in Yaroslavl.

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TheAzerbaijani International Operating Company (AIOC) declared that it has 6 contracts within the Chirag oil project, which is aimed at increasing the amount of oil extraction on the Azeri-Chirag-Giuneshli block of maritime oil fields, in the Azerbaijani sector of the Caspian Sea. According to Trend, BP is one of the operators of the block development. The contracts are worth $814 million.The Chirag oil project will consist of the following facilities:

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The Azerbaijani Ministry of Economic Development, supported by the German technical cooperation society GTZ, has established a portal of electronic trade and information exchange, www.b2b.az reports.

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The Iranian minister of roads and transport, Hamid Behbehani, discussed bilateral cooperation with Uzbekistan in the traffic, rail and air transport sectors with Uzbek vice-premier, and minister of external economic relations, investment and trade, Eler Ganiyev, Trend reports.  

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The Georgian Ombudsman for Energy accused the sister company of SOCAR of violating the rights of consumers. According to Valeriy Pkhakadze, the company forces new consumers to pay 12 tetri more than old consumers for natural gas in the regions of Kakheti and Lagodekhskiy, Business Georgia reports.

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Olimpstroy will carry out additional testing of the effect of Olympic facilities in Sochi on the environment, RIA Novosti reports, citing the corporation’s press-service. The testing was approved by the Ministry of Nature, the director of Olimpstroy environment department, Gleb Vatletsov, said.Olimpstroy expects to receive proposals to create additional ecological measures to protect the region's environment.

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The governor of Khurasan-Rezavi, Mahmud Salekhi, said that at a meeting with the head of a branch of the Iranian National Oil company carrying out geological explorations, that a new gas field, with estimated gas reserves of 67 billion cubic meters, had been opened, Iran News reports, citing IRNA.

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