Germany

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Turkish drivers to be checked for drugs

Turkey has imported has imported Germany electronic devices to check drivers for narcotic intoxication, Trend reports.Intoxicated drugs will be fined with 3600 lirs and stripped of driver’s license for 5 years. Checking of the drivers will start today.The official currency rate on August 21 is 1 lira per $1.94.

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Icherisheher to host intellectual competition

The Icherisheher Cup will be organized in Baku on August 23-25, organized with support of the Directorate of the State Historic and Architecture Park Icherisheher, Vesti.az reportsThe Azerbaijani Education Ministry is the general partner of the competition. Players of the "Who? Where? What?" intellectual club will also arrive for the games. 30 teams will take part in the intellectual competitions.

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Ruble devaluation will benefit economy - expert

Yakov Mirkin, head of the Committee for Financial Markets and Credit Organizations of the Russian Trade and Industry Chamber, said that devaluation of the ruble would benefit the national economy. He said, however, that the explosive devaluation of 1998 would not happen and reminded that there was aggravation of the trade balance and high rate of capital outflow, totaling $50-70 billion.

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Experts predict rise of dollar value to 36-37 rubles

Yakov Mirkin, head of the Committee for Financial Markets and Credit Organizations of the Russian trade and Industry Chamber, Mikhail Khazin, President of Neokon, Professor Natalya Volchkova of the Russian Economic School, Maksim Petronevich, Chief Expert of the Center for Economic Forecasts, an Assistant Professor of the National Research University of the Higher School of Economics, Maksim Safonov, an Assistant Professor of the Subdepartment for Finances, Money Circulation and Credit of the Faculty for Finances and Banking of the Presidential RANEPA, have discussed prospects of the Russian currency.

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Foreign trade of Kabardino-Balkaria totaled $35.53 million in Q1 2013, the Ministry for Economic Development says.79.19% of its trade partners were non-neighbour states. Trade with Italy totaled $6.32 million, Ukraine $5.23 million, United Arab Emirates $4.75 million, China $4.62 million, Germany $3.23 million.61.70% of Kabardino-Balkarian exports were chemical products. The share of export in the trade turnover of the region totaled 19.91%. Export operations were worth $7.67 million in January-June 2013.

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New shipyard to open at Turkmenbashi in 2017

Gap İnşaat (Turkey) will build a shipyard at Turkmenbashi in 2017, Trend reports.The facility will cover 143,000 square meters. It will receive 20,000 tons of steel a year to build cargo transportation vessels. The shipyard is expected to produce 4-6 large ships (up to 160m in length and with a water disposal of 7,000 tons) and repair 20-30 ships a year. 600 people will operate the facility.

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German MP wants France to pass co-chairmanship of OSCE MG to EU

German MP Tankred Schipanski said that France could pass its co-chairmanship in the OSCE Minsk Group to the European Union so that the EU would have a common approach to the Nagorno-Karabakh conflict.He reminded that Germany was supporting the four resolutions the UNSC passed to have Armenian forces withdraw from the occupied territories of Azerbaijan.

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Azerbaijan invested $59 million in Georgia (7% of total foreign investments in Georgia) in 2012, Trend reports.72 countries invested $911.6 million in Georgia in 2012. Germany invested $138.8 million (15% of all Georgia’s investments), UK $93.6 million (10%), Turkey $81.1 million (9%) and international organizations $63.5 million (7%).

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Ukraine leaves list of three biggest customers of Gazprom

In the second quarter of 2013 Ukraine left the list of the three largest foreign markets for Gazprom, the company said in a statement released yesterday. Ukraine was overtaken even by Belarus, whose economy is three times smaller than the Ukrainian one. In the past six months Ukraine bought less than 10 billion cubic meters of gas from Gazprom, i.e. 40% less than last year. In Germany, a comparable figure is 18.49 billion cubic meters, in Italy 13.1 billion. Turkey is third on the list of the three biggest markets for Gazprom with 12.9 billion cubic meters, according to Lenta.ru.

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All major world media outlets are covering the recent events in Egypt following the ousting of President Morsi."Egypt Death Toll Passes 500 as Rally Looms" is an article published by the Wall Street Journal, and "Protesters storm building in Cairo, Egypt death reaches 525" is a headline from Reuters. "Cairo: Egyptian PM defends crackdown as death toll rises" is an article published by The Guardian today. 

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Tourism development in North Caucasus is discussed in Grozny

Today in Grozny began its work for the round-table discussion "Tourist Union of the North Caucasus Federal District - Homeland of Hospitality", dedicated to the consolidation of efforts to develop domestic tourism in the North Caucasus region. The event was attended by representatives of the Tourism Committee of all subjects of the North Caucasus Federal District, representatives of the tourism industry, as well as the media.

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Russia becomes European leader for asylum requests

2315 Georgians, 1355 Armenians and 650 Azerbaijanis requested asylum in Europe, mainly in France and Germany, in January-March 2013, the European Statistical Bureau reports.Russians, Pakistanis and Serbians are make most asylum requests.

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0.3 percent economic growth has been registered by Eurostat, world media report on Tuesday. This means that the long-term stagnation of the European economy has ended. The economic growth was provided by France and Germany.

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The US has granted Syrian opposition $15 million for management of occupied territories, restoration of infrastructure, water, food and other supplies, ITAR-TASS reports.The finances were granted through an international fund of co-founded by such states as Germany and the United Arab Emirates. It has exceeded $130 million. The sum will be spent on civil projects and humanitarian initiatives.The international fund has been operating under the auspices of the UN since late 2012.

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Turkey exports to Azerbaijan total $280 million

Turkey exported products worth $280.5 million to Azerbaijan in July 2013, compared with $211.4 million in June 2012, Trend reports.Azerbaijan gets 1.2% of total Turkish exports.Germany is the main importer of Turkish products in July 2013, making a total of $1.1 billion.

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