Economy

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The private Georgian company "Airzena - Georgian Airways", which has permission to organize direct flights from Moscow to Tbilisi will resume the flights from Monday for a certain period, RIA Novosti reports.Flights were banned in 2006 before resuming in 2008 for a short period. Return tickets cost 480$.

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The famous Russian billionaire, Telman Ismaylov, has refused to participate in a banquet with the president of Israel, which was organised by the Kazakh media magnate as part of the 12th Congress of the Universal Association of the Russian Press in Tel Aviv, IzRus reports.

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Bilateral trade between Russia and Azerbaijan may surpass $3 billion in 2010 By the end of the year bilateral trade between Azerbaijan and Russia may reach $3 billion, announced the director of the Russian Trade Mission to Azerbaijan, Yury Schedrin. According to him, Russia is maintaining its position as the leading goods exporter to Azerbaijan. Over the last 4 months trade between the two countries has increased 18% compared to the same period last year

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A spokesman for the Foreign Ministry of Iran stated that in three months a visa-free regime between Iran and Georgia will start operating, reports 1news.az. Also, the Iranian ambassador to Georgia underlined that negotiations on the opening of an Iranian consulate in Batumi are taking place at the moment.

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Turkmenia is beginning construction of a pipeline "East-West" withtotal capacity of 30 billion cubic meters a year. This will be aninternal pipeline 1000 kilometers in length, which will link gasdeposits in the east of the country with the Caspian Sea shore, whereCaspian and Transcaspian pipelines will be constructed.The national companies "Turkmengas" and "Turkmennebitgazgurlushik"will draw up plans for and execute construction of a pipeline "EastWest".

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The Armenian defense minister and the heads of the leading enterprisesof the military-industrial complex will meet in Yerevan on May 22,reports Novosti-Armenia, citing the press service of the DefenseMinistry. The heads of the enterprises will present an array ofproducts at the meeting

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Russian Premier Vladimir Putin has urged an expansion of the CustomsUnion by allowing other members of EurAsEC (Eurasian EconomicCommunity) to join. He made the declaration in St. Petersburg onFriday, RIA Novosti reports.The Customs Union consists of Russia, Belarus and Kazakhstan.Kyrgyzstan and Tajikistan are also members of EurAsEC. Armenia,Moldavia and Ukraine are observer countries.

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The US welcomes Turkish and Brazilian efforts on the Iranian nuclearprogram, but the agreement on uranium exchange does not eliminate allthreats, the Turkish TV channel TPT reports.The White House said that the Tehran agreement is weaker than earliersimilar agreement with Iran.Brazilian President Lula da Silva said that the agreement demonstratesIran's readiness to negotiate on its nuclear program and urged theworld to follow up.The new sanctions project prepared by the USA will be voted on next month.

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Iran will not halt its uranium enrichment program, the Iranianrepresentative at the IAEA said, Trend reports, citing MEHR. TheIranian representative also called the Security Council decision on adraft resolution on sanctions against Iran "a major historic mistake."He also said he believes that Western countries are using unfoundedaccusations to give the Security Council the powers of IAEA and Iranwill not allow that to happen.

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The explosion at the gas pipeline Mozdok-Kazimagomed in Dagestan didnot affect Azerbaijani gas exports to Russia, the State Oil Company ofAzerbaijan (SOCAR) said on Friday, Trend reports.The daily export of Azerbaijani gas to Russia is around 2.5-3 millioncubic meters. According to SOCAR, Azerbaijan exported 261.7 millioncubic meters of gas in January-April and 89.6 million cubic meters inApril.The Mozdok-Kazimagomed pipeline has a capacity of 5 billion cubicmeters of gas annually.

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A blast at a gas pipe-line occured on Friday on border of Dagestan and Chechnya in Shelkovskoi region, reports RIA Novosti, citing Dagestani Emergency Ministry’s spokesman.“An explosion occurred on a spur-line of a cross-country pipe-line,”- he said. As a result of explosion fire started. The cause of the blast is unclear yet. 

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The expensive supply of Kazakh grain to Georgia by rail is creatingdoubts about the construction of a grain terminal in one of thecountry’s ports, managing director on external economic activities ofProdkorporatsiya, Daulet Uvashov, told VK.He said that the expense of exporting grain through Georgia comes fromhigh railroad tariffs in Russia, Azerbaijan and Georgia itself.

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The Armenian government has decided to change the trade name of brandy to Arbun (from the Armenian verb “kharbel” – “to become drunk”),Armenian Minister of Agriculture Samvel Galstyan said, RIA Novostireports.There were 10 terms proposed, including Arkon, Barkon, Armenak,Ginayr, Arben, Arbeni, Gineak and others. The term was approved by aministerial committee, the State language inspectorate, socialorganizations and interested agencies, Galstyan said at the governmentsession.

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Kazakhstan can create its own market to utilize manufacturing waste,the chairman of the Association of Oil Companies KAZENERGY, TimurKulibayev, said in his opening speech at a forum in Atyrau today, theassociation’s press-service told VK.They will find out about the best technologies to utilize waste usedby companies and draw on the experience of small Kazakh companies.This shows that small and medium business is becoming familiar withthe market, Kulibayev said.

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Russia and Italy are convinced that Iran must present its proposal onexchanging low-enriched (3.5%) uranium for highly-enriched (up to 20%)on the territory of Turkey to the IAEA, Italian Foerign MinisterFranco Frattini told a press-conference after the first round ofRussian-Italian talks, RIA Novosti reports.

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Gazprom Neft is still interested in the Iranian oil deposit Azar and Shangule of the Anaran block, Interfax reports. The top manager of the subsidiary company of Gazprom,Boris Zilbermints, said they are not nterested in any other projects in Iran. He also added that negotiations may drag on because of possible new international sanctions against Iran.

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