During the 49th week of the grain corridor, from July 3 to July 9, 2023, 151,800 tonnes of agricultural products were exported through the seaports of Odesa region, which is 45% less than the previous week. According to Ukrinform, Ukrainian Agribusiness Club (UCAB) reported this. From July 3 to July 9, 4 vessels were loaded … Read more
Indian sources said the two countries were struggling to make progress in free-trade talks due to differences on some key tariff lines Talks for a free-trade agreement between Britain and India are at a critical stage, and the Indian commerce minister’s visit to London this week has helped to overcome obstacles, the Indian government said … Read more
The Armenian-Russian trade is very likely to surge by 60% in 2023 (as opposed to 2022), Armenian Economy Minister Vahan Kerobyan told TASS. The minister specified that last year Armenia’s trade turnover with Russia grew to $5 bln and this year there is an impressive growth of indicators. “Armenia economy is growing at double-digit rate … Read more
The interlocutors discussed areas that provide the greatest opportunities for cooperation, such as innovative economy, science, education, IT sector, energy, economy, agriculture and others. Serbian Prime Minister Ana Brmabic pointed out on Wednesday in a conversation with Israeli Foreign Minister Eli Cohen in Belgrade that relations between the two countries are based on the “historical … Read more
At the Government session the results of social and economic development of the country and the execution of the republican budget for January-June this year were considered, primeminister.kz reports. Minister of National Economy Alibek Kuantyrov reported that at the end of the first half of the year the growth rate of Kazakhstan’s economy amounted to … Read more
The value of exports rose by 19.2 percent and equalled $3.05 billion, while imports also grew by 20.4 percent, amounting to $7.21 billion in the first six months of 2023. Photo: Nino Alavidze/Agenda.ge Georgian external trade turnover amounted to $10.26 billion in January-June 2023, posting a 20.1 percent increase year-on-year, the Georgian National Statistics Office … Read more
An Azerbaijani delegation led by Minister of Economy Mikayil Jabbarov has left for Switzerland to attend the 15th Meeting of Working Party on the Accession of Azerbaijan under the World Trade Organization (WTO) Secretariat. The Azerbaijan’s Minister of Economy met with WTO Director-General Ngozi Okonjo-Iweala on the sidelines of the event. The minister provided information … Read more
According to the Civil Aviation Committee’s press service, a memorandum on regular air transportation tripling the number of cargo transit flights per week was signed by Kazakhstan and Luxembourg at an event held to mark the 77th flight by the Cargolux airline at the Astana International Airport on June 29.
Kazakh Minister of Industry and Infrastructure Development Marat Karabayev said that the key agreement was to increase the number of cargo flights from Luxembourg from 7 to 21 a week. He added that flights that used to be charter now have become regular.
Karabayev said that after France and Finland, Luxembourg is the third country with which Kazakhstan signs the fifth level of openness within the open skies policy.
This agreement opened up new opportunities for Kazakhstan’s aviation industry and made the country a key transit hub between Europe and Southeast Asia.
According to Karabayev, additional opportunities for Kazakh aviators’ professional growth and entrepreneurs are provided by new transit flights. The local market can get the goods unloaded in Kazakhstan, while Europe and Southeast Asia will get products loaded in Astana.
The first flight to Astana was made by Cargolux on May 1. Seven flights a week are operated by the airline, providing air connection between Luxembourg, China and Japan through the airport in Astana.
Cargolux President Richard Forson stated that a further increase in the frequency of regular cargo flights to 42 per week in both directions is envisaged by the intergovernmental agreement.
According to Forson, Cargolux hopes that this will lead to an increase in cargo transportation through Astana International Airport in the future, as it connects Europe and Asia.
Cargolux Airlines International S.A., founded in 1970 in Luxembourg, is Europe’s largest cargo carrier, operating 30 aircraft of Boeing 747 and flying to more than 50 destinations worldwide.
The company resumed flights to several Russian cities.
The issue of expanding air traffic between Kazakhstan and Bashkortostan was also worked out by the Civil Aviation Committee. Regular passenger flights on the Astana-Ufa route with a frequency of two flights per week on Tuesdays and Fridays on Sukhoi Superjet 95 aircraft will be resumed by Red Wings airline from July 25.
Regular passenger flights on the Almaty-Sochi route with a frequency of one flight per week on Thursdays on the same type of aircraft were resumed by Russia’s Azimuth Airlines from June 28.
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In May 2023, the volume of exports of IT services from Ukraine reached $590 million, up 9.5% compared to April. “May was more successful for the export of IT services than the previous month. The indicator increased by 9.5% and totaled $590 million,” Lviv IT cluster reports based on NBU data. According to the company … Read more
Exports (calendar and seasonally adjusted exports of goods), May 2023 130.5 billion euros -0.1% on the previous month -0.7% on the same month a year earlier Imports (calendar and seasonally adjusted imports of goods), May 2023 116.1 billion euros +1.7% on the previous month -8.6% on the same month a year earlier Foreign trade balance … Read more