Economy

page 1126

The government should lift valued added tax for flights in Russia, vice-premier and the president’s envoy to the North Caucasian Federal District, Alexander Khloponin, said on Thursday, RIA Novosti reports. The measure would reduce the cost of flights by 20%, he said. Khloponin pointed out that VAT meant it was often cheaper to fly from Moscow to Germany than from Moscow to certain Caucasus regions.

Read

The government of Armenia has provided $13.5 million from a Russian loan for financing the first stage of a program of the stabilization of the economy, Panorama.am reports, citing the government press-service. Premier Sarkisyan said that Armenia had developed clear conditions for a program aimed at stimulating export and tourism development. He said that the program was a success, and the economy grew by 8.8%. Which, he said, was the reasoning for the $13.5 million loan.

Read

Tbilisi will host on Friday a roundtable involving human rights activists from Armenia, Azerbaijan, Moldavia and Georgia, Trend reports. Their topic is ‘Strategic legal proceedings – an instrument of human rights protection and cooperation in Eastern partnership countries’. Officials from the Ministry of Justice, organization of the ‘42nd article of the Constitution’, the association of young lawyers of Georgia and the Human Rights Center will make special reports on the topic.

Read

According to the data of National Statistics Service of Georgia, food prices have declined by 2.5%, Georgia Today reports.At the same time prices of alcohol and tobacco increased by 0.1%. Housing services costs rose by 0.7%, transport by 0.3% and healthcare costs by 5.3%.

Read

Automatic ecology control posts will become part of the monitoring of the ecological situation on the construction sites of Olympic facilities in Sochi, RIA Novosti reports."The modern equipment allows us to monitor the air condition, along with collecting meteorological data," said in a statement of the Russian Ministry for Nature.Two ecology control posts have been put into operation so far. Data from the posts is being sent directly to the ministry's website and is open to?the public.

Read

Consumer Rights Association Chairman Armen Pogosyan has discussed the issue of mini-bus usage with the mayor of Yerevan, Gagik Beglaryan. The mayor promised that their number will be reduced by 50% in the next two years, News.am reports. Acording to Pogosyan, 90% of all bus-routes in Yerevan at the moment are served by mini-buses which will be changed to larger-sized ones.

Read

The countries of the Caspian basin will hold a special meeting in September to discuss issues of water pollution and biodiversity preservation in the Caspian Sea, during which they will sign a protocol to reduce the risk of oil spillage, RIA Novosti reports.The Head of the UN Environment Program's Regional Office for Europe, Christophe Bouvier, believes that the parties will sign a protocol devoted to reducing the risk of oil spillage and assessing the state of the environment.

Read

The new international sanctions against Iran were aimed at slowingdown Iran's nuclear activity but they cannot stop it, the head of theIranian nuclear energy organization, Ali Akbar Salekhi, told apress-conference in Bushehr, ITAR-TASS reports, citing Iranianinformation agencies.

Read

Equipment testing at the nuclear plant constructed by Russian specialists in southern Iran's Bushehr has been completed, and the energy block will go into operation between August 23 and September 22, ITAR-TASS reports, citing the head of the Iranian nuclear energy organization.Ali Akbar Salekhi emphasized that with the start of the A4 stage, which involves inspecting reactor equipment at high temperatures, there are no more obstacles to launching the power plant.

Read

The president of Olimpstroy, Taymuraz Bolloyev, has ordered a large number of specialists to move from the company's office in Moscow to Sochi to work on the construction of facilities for the 2014 Winter Olympic Games . The vice-president of Olimpstroy, Gennadiy Gubin, told Interfax that this step will help solve many construction issues faster because the specialists that make decisions on complicated issues will be in a single office.

Read
bp revises Caspian situation

The ecological catastrophe in the Gulf of Mexico, the loss of a platform and the ongoing oil spill have substantially undermined BP’s positions.

Read

At a special meeting of the Georgian parliament on Tuesday, July 6th, a bill "On the issue of State Property" was approved, that strikes the "Russia-Armenia" gas pipeline off the list of Georgian strategic objects, "Novosty Gruzia" reports. The legislative proposal was made by the vice-chairman of the Law Committee, Lasha Tordia. The document soon became a target of vehement criticism from the opposition, which is strictly against the probable sale of the pipeline to Russia.

Read

The amount of natural gas exported from Azerbaijan to Russia is going to be increased 100% in the next year, announced the president of the State Oil Company of Azerbaijan (SOCAR) Rovnag Abdullaev, APA reports.He said that SOCAR has already made an offer to "Gazprom" to double gas exports.

Read

The State Oil Company of Azerbaijan (SOCAR) exported about 207 million cubic meters of Azerbaijani gas to Georgia in the period from January to June, Business Gruzia cites a SOCAR publication. In June SOCAR exported more than 11.5 million cubic meters of Azerbaijani gas to Georgia. An agreement between Azerbaijan and Georgia, according to which the State Oil Company of the Azerbaijani Republic could increase its participation in the Georgian market, was signed in November 2008.

Read

Addressing a meeting devoted to the Day of Industry and Mining, the governor of the province of East Azerbaijan, Ahmad Ali Reza Beigi, claimed that the President of Iran has consented for the province to have its own bank, Iran News reports. Mr. Beigi stressed that credits would be available to the population and should be used to develop manufacturing. According to the governor, the province has great economic and industrial potential and really needs its own bank.

Read

The Crisis Management Fund of the Eurasian Economic Community has provided Armenia with a $600 million loan on favourable credit. This decision was made as a result of the Intergovernmental Council of the Eurasian Economic Community meeting in Astana on July 5th, News.am reports. Now the corresponding bodies are preparing the required documents.

Read

The State Oil Company of Azerbaijan (SOCAR) is going to increase delivery of gas to Russia. President of SOCAR Rovnag Abdullaev told journalists that they had offered the Russian Corporation "Gazprom" delivery of 2 billion cubic meters of gas in 2011, 1news.az reports. Several days ago, addressing the annual meeting of "Gazprom" shareholders, CEO Alexey Miller announced that the Corporation is ready to buy as much gas as Azerbaijan can offer.

Read

The State Oil Company of Azerbaijan and the BP corporation have signed an agreement on the main commercial principals for gas prospecting and developing promising facilities on the Caspian shore, ITAR-TASS reports. "This document precedes the concluding contract, which will be signed in the autumn of 2010 ", said the head of the Investment Department of the State Oil Company of Azerbaijan, Vagif Aliev.

Read

Bulgaria and Russia have come to an agreement on a road map for the construction of the gas pipeline project "South Stream". The deal was reached during today's talks between Russian vice-premier Victor Zubkov and the prime minister of Bulgari,a Boyko Borisov, ITAR-TASS reports. "The talks were constructive and the parties are satisfied with their results", Zubkov said.

Read

The European Air Security committee has closed EU airspace for two thirds of Iran Air planes, the committee's spokesperson Helen Kerns said, RIA Novosti reports.This measures concern all of the Iranian company's  Airbus-320, Boeing-727 and Boeing-727 planes. Kerns stressed that this decision had no political motives and was dictated by security concerns only.Iran Air is the major Iranian Air company, with a fleet of some 50 planes

Read

Populars