Kazakhstan Temir Zholy, Stadler Rail AG sign cooperation agreements

SC National Company Kazakhstan Temir Zholy and Stadler Rail AG signed contracts as per which the Swiss rail giant will deliver and ensure technical maintenance of passenger cars assembled based on Swiss technology here in Kazakhstan, Kazinform reports. The contracts were concluded based on the Agreement on strategic cooperation between the companies inked on November … Read more

Georgian external trade up 32.2% in January-November

The value of exports rose by 31.8 percent and equalled $5.03 billion in the reported period, while imports also grew by 32.5 percent, amounting to $11.98 billion. Photo: Nino Alavidze/agenda.ge Georgian external trade turnover amounted to $17.02 billion in January-November 2022, posting a 32.2 percent increase year-on-year, the national statistics office revealed on Monday. The … Read more

Azerbaijani Parliament discusses proposal to establish new import rules

Azerbaijan considers establishing new import rules, Trend reports. This issue was reflected in the amendment to the Customs Code, which was discussed at a meeting of the Parliament’s Committee on Economic Policy, Industries and Enterprising on December 13. The appeal to the customs authority on the clearance of goods is proposed to be reviewed within … Read more

PM: Armenia trade with other EEU countries increased by 80%, amounted to more than $3 billion

Armenia’s trade with the other Eurasian Economic Union (EEU) member countries amounted to more than $3 billion and increased by about 80 percent in January-September of the current year compared to the same period of 2021. Armenian Prime Minister Nikol Pashinyan announced this at Friday’s Supreme Eurasian Economic Council meeting being held in the Kyrgyz … Read more

A 45% growth was attained by Armenia-Iranian trade in January-October

A 43.5% increase was shown by Armenia – Iranian trade in the first 10 months of 2022. According to Armenian Deputy Economy Minister Armen Arzumanyan, it rose from $390 million to around $560 million in the reporting period.
Good business cooperation between the countries was noted by Arzumanyan. He also added that it was necessary for its further development to identify all issues in order to step up economic activity.
The Minister mentioned the extensiveness of the Iranian market, but also a problem of its self-sufficiency. He expressed his confidence in a possibility to find out what they could do to export Armenian food, agricultural and other products to this market, which is by and large familiar with Armenian produce.
Armenia’s National Statistical Committee reports that trade turnover between Armenia and Iran in January-October 2022 reached about $565.5 million (a 45.3% increase). Armenian exports to IRI totaled about $92 million (an 82.4% increase year-on-year). A growth by 39.1% (to $474.3 million) was attained by imports from Iran.

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A 2.1 fold increase is shown by trade turnover between Kazakhstan and Lithuania

According to Deputy Prime Minister and Minister of Foreign Affairs of Kazakhstan Mukhtar Tileuberdi, Lithuania is among 10 largest trade partners of the country in the EU and 20 largest trade partners in the world. As Kazinform correspondent reports, it was said on Tuesday during Lithuania’s Minister of Foreign Affairs Gabrielius Landsbergis’ official visit to Astana.
An important historic milestone – 30 years since the establishment of diplomatic relations between Kazakhstan and Lithuania – was marked by the visit. Minister Tileuberdi said that a trust-based dialogue at all levels instrumental in strengthening of constructive relations and mutually profitable cooperation in bilateral and multilateral formats has been sustained all these years by the countries.
According to Minister Tileuberdi, the spirit and principles of the Treaty between the Republic of Kazakhstan and the Republic of Lithuania on mutual understanding and cooperation signed on November 7, 1993 in Almaty are fully kept during the development of relations between Astana and Vilnius.
The fact that Lithuania was one of the first countries in 2016 to ratify the EU-Kazakhstan Enhanced Partnership and Cooperation Agreement underpinning Kazakhstan’s cooperation with EU member states in 29 areas was pointed out by the Kazakh Foreign Minister.
He also highlighted that disruptions in traditional logistics chains trade turnover between the two countries didn’t prevent it from achieving a 2.1fold increase ($500.4 million in 9 months of 2022). It makes Lithuania one of 10 largest trade partners of Kazakhstan in the EU. There are about 170 Lithuanian companies working in Kazakhstan and dozens companies with the Kazakh capital operating in Lithuania.
Joint work of Kazakhstan and Lithuania can be seen in many spheres: professional pilots’ training, medical equipment manufacturing and many others.
There is a hope for an additional impulse to strengthening of friendship and partnership between Kazakhstan and Lithuania given by Gabrielius Landsbergis’ visit to Astana.

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Ukraine exports $21B worth of agricultural products in Jan-Nov 2022 – Economy Ministry

In January to November 2022, Ukraine exported 50.9 million tonnes of agricultural and food products for a total sum of $21.1 billion. Ukraine’s First Deputy Prime Minister – Minister of Economy Yuliya Svyrydenko said this in an interview with CNN, Ukrinform reports with reference to the ministry’s press service. “Over 11 months of the current … Read more

Kazakhstan-Lithuania trade turnover increases 2.1fold in 9 months of 2022 – FM

Lithuania is among 10 largest trade partners of Kazakhstan in the EU and 20 largest trade partners in the world, Deputy Prime Minister and Minister of Foreign Affairs of Kazakhstan Mukhtar Tileuberdi said Tuesday during Lithuania’s Minister of Foreign Affairs Gabrielius Landsbergis’ official visit to Astana, Kazinform correspondent reports. Minister Tileuberdi emphasized that the visit … Read more