Economy

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According to BP-Azerbaijan, Turkmenian oil has started to be transported via the Baku-Tbilisi-Jeikhan pipeline, day.az reports. An agreement on oil supplies was signed in July, but the oil volume is not large. Kazakhstani oil from the “Tengiz” field will be transported by the Baku-Tbilisi-Jeikhan (BTC) pipeline. The capacity of the pipeline is 1.2 million barrels daily.

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The Japanese corporate group Toyota has decided to end car exports to Iran, due to the international sanctions against Iran for its nuclear program.The sales of the corporate group in Iran have reduced quite a lot in the past two years (in 2008 Toyota sold only 4000 cars and in 2009 sales dropped to 220), RBK reports.

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Neither Russian company Lukoil nor its sister company Litasco supplied Iran with oil products, Gazeta.ru reports, citing the press-service of Lukoil.The media had reported earlier that Lukoil renewed oil product supply to Iran. Last week 250 barrels of petrol were unloaded at the port of Bandar-Abbas and another vessel with oil products is expected this week, information sources reported.

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Azerbaijani President Ilkham Aliyev signed a decree approving the state program for developing communication and information technologies in Azerbaijan for 2010-1012 (Electronic Azerbaijan), the state information agency AzerTag reports. The Ministry of Communication and Information Technologies will supervise the program.The Cabinet was ordered to prepare proposals to the president in two months about the order of publication of acts of state and local autonomy using electronic information systems.

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The USA and Georgia will settle an agreement on issuing an aid package worth $83 million to Georgia. According to the agreement, out of $1 billion, $83 million will be spent on improving the infrastructure and assisting in economic growth, as well as giving aid to people displaced due to the conflicts of the 90s and 2008, Georgia Online reports.

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Thedeputy minister for roads and transport, the head of the Organization for Roads and Car Transport, Shakhiyar Efendi-zade, emphasized the updating of the public transport park with 13,000 new cars this year at a meeting with journalists, Iran News reports. This includes 9,000 lorries, 2,500 minibuses and 1,500 buses.

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The State Oil Company of Azerbaijan (SOCAR) is expanding its presence on the oil market of Georgia, 1news.az reports, citing a message from SOCAR. Today, SOCAR Georgia Petroleum, a sister company of ‘SOCAR Energy Georgia’ (SOCAR structure) has opened two new petrol stations in the center of Tbilisi, on Saburtalo Street and the center of Senaki.

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A group of refugees from Abkhazia and street traders of Tbilisi held protests at the mayor’s office building, News Georgia reports.This morning approximately 700 families of refugees from Abkhazia were evicted from a multi-storey building of the former Command Staff of the Transcaucasian military district (located in the Bake-Saburtalin region), where they lived.

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Seyed Mahmud Reza Hoseyny, deputy secretary of the high council of the activities of free economy zones of Iran, said that a bank of free economic zones is going to be organized.According to Hoseyny, the bank will be opened on the island of Kish, and that it will obtain departments in other zones.The vice president of Iran, Hamid Bakai, said that 80 billion dollars have now been invested in free economic zones; 20 billion comes from foreign investors.

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The situation in Kalmikia is on high alert due to incidents of african swine plague noticed on several farms, the press secretary of the Ministry Of Emergency Situations, Nikolay Sharapov, told RIA Novosti.4 pigs died in the village of Dzhalikovo in Lagansky region. Scientific research confirmed that it was african swine plague. The situation is considered extreme and all herds are to be killed.African swine plague (Montgomery's disease) was first discovered in 1903 in Africa. Its spread can cause terrible economic crises. It is totally harmless to humans.11.08.2010

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The presentation of the new firefighting vehicles granted to Armenia by Japan took place on the square the capital city Yerevan this Wednesday, News-Armenia reports. According to the emergencies minister, Armen Yeritsyan, the new vehicles will help the fire brigades in the capital and in many regions of Armenia. This program is proof of the growing friendship and cooperation between the two countries.Fire vehicles worth $8 million were delivered by the Japan administration according to an agreement signed in February 2009.

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The head of the Russian Railroads company, Vladimir Yakunin, has announced that the first section of the combined rail and automobile road between Adler and the mountain resort "Alpica-service" has started working, reports RIA Novosti.The launch of the road will improve traffic conditions near the airport and around the Olympic facilities.The 2.2 kilometer-long section of road has 2 interchanges and 8 bridges.

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The World Bank and the Azerbaijani Ministry of Transport have signed a credit agreement to enlarge the Baku-Shamahi-Mugan road. The World Bank is loaning $241.6 million, reports Trend.101 kilometres of the 122 kilometre-long road is planned to be rebuilt with the credit. The main aim in reconstructing the road is to double its width.11.08.2010

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According to a report by the company BP Azerbaijan today, the amount of gas going through the Baku-Tbilisi-Erzurum pipeline was 15 million cubic meters a day, Business Georgia reports. Gas transit volumes were the same as last year.The report also says that capital expenditure last year came to $7 million, with $12.7 million planned to be spent this year. The 700 kilometre-long pipeline transports gas from Azerbaijan's "Shah Deniz" fields to Turkey and Georgia.11.08.2010

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145 thousand tons of grain have been harvested in Karachaevo-Cherkessia, which is 40 thousand tons more than last year, RIA Novosti reports.Despite the big harvest, the region will still have to buy 140 thousand tons of grain to meet its needs, declared the head of machinery and planting of the regional Ministry of Agriculture, Nikolai Progoza.He said?the crop could have been bigger, if it had not been for heavy rains that ruined 4 thousand hectares.11.08.2010

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Today at 12:00 pm a massive meeting of street vendors will take place near the administrative building of Tbilisi. It is organized by the opposition parties of the conservatives and the Georgian Peoples Party, reports Trend. Yesterday in several districts of Tbilisi street salesman were being evicted by police. The authorities offered to provide them with pitches in marketplaces, but it doesn't seem to suit them. They prefer catching clients before they reach the markets, meaning that the traders in the markets lose out.

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The minimum living wage in the second quarter of 2010 in Kabardino-Balkaria reached 4325 rubles per person, which is by 6.3% or 260 rubles more than in the first quarter of this year.The minimum living wage for the working population is 4612 rubles, pensioners – 3410 rubles, children – 4137 rubles, Yuga.ru reports, citing the press-service of the government of the republic.

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Two new automated posts to monitor the environment for atmospheric pollution have been launched in Sochi, Yuga.ru reports, citing the Russian Ministry of Nature.The posts will be located in the zone of construction of the Olympic park in the Imeretin lowlands and were launched by the Russian Hydrometeorological and Environmental Service. The posts will monitor levels of carbon gases, nitrogen dioxide, nitrogen oxide and sulphur dioxide.

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In the chamber of cooperation of Iran a virtual building site is being built, Iran News reports.Users there can access various catalogues, prices, and building tenders.Manufacturers and anyone interested can visit their website : http://www.iranconfair.ir10.08.10

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