business in the East

page 7

Volkswagen Polo to be produced in Iran in 2017

Volkswagen Polo to be produced in Iran in 2017

Volkswagen will produce its Polo hatchbacks under a joint venture with an Iranian automotive company, Mammut Group. According to Persian Khodro, a local automotive website the production line will be launched in summer 2017 outside …

Netanyahu's first visit to Kazakhstan

Netanyahu's first visit to Kazakhstan

The Israeli delegation headed by the Prime Minister Benjamin Netanyahu will arrive in Astana on December 14, Ambassador Extraordinary and Plenipotentiary Ambassador of Israel in Kazakhstan Michael Brodsky …

Iran wants to attract Japanese investors

Iran wants to attract Japanese investors

Iran has invited Japanese companies to invest in oil and infrastructure projects, including in the development of railways and ports, chairman of Iran's Chamber of Commerce, Industries, Mines and …

Russia and Turkey ready to trade in national currencies

Russia and Turkey ready to trade in national currencies

Russia is ready to trade with Turkey in rubles and liras, Russian Central Bank reported today. "There are no legal and technical obstacles for residents of Russia and Turkey to trade in national currencies. There is no need to sign a …

SCO and BRICS to support small business

SCO and BRICS to support small business

On December 1-2, Ufa hosted the Second Small Business Forum of the SCO and BRICS Regions. The participants were the Russian regions, the leading SMEs of the SCO and BRICS member states, and young entrepreneurs. The forum discussed …

 Turkey and Belarus can raise trade turnover to $1 billion

Turkey and Belarus can raise trade turnover to $1 billion

Turkey and Belarus can raise the bilateral trade turnover to $1 billion within a short period of time, Turkey's President Recep Tayyip Erdogan said during the one-on-one meeting with the Belarusian head of state …

Nazarbayev invites Korean companies to Kazakhstan

Nazarbayev invites Korean companies to Kazakhstan

Kazakh President Nursultan Nazarbayev invited South Korean companies to work in Kazakhstan’s special industrial zones, the presidential press service reported. He also invited South Korean …

Austrian bank to open branch in Iran

Austrian bank to open branch in Iran

Austrian banks are ready to broaden cooperation with Iranian banks and establish branches in Iran in the near future, the Austrian Ambassador to Iran Friedrich Stift said at a conference on developing Iran-Austria trade …

Pakistan eyes to multiply exports to Azerbaijan

Pakistan eyes to multiply exports to Azerbaijan

Pakistan has prepared a five-year trade cooperation plan to enhance exports to $500 million to Azerbaijan. Pakistan’s exports to Azerbaijan were $60 million, while imports stood at $31,000 in 2015-2016. The largest export product …

Iran plans to boost cultivation of medicinal plants

Iran plans to boost cultivation of medicinal plants

Iran will increase the area under cultivation of medicinal plants for commercial purposes by 9000 hectares, the official at the Iranian Ministry of Agriculture, Peyman Yousefi-Azar, said. “Around 147,000 tons of …

Iran to privatize 200 state-run companies

Iran to privatize 200 state-run companies

Head of Iranian Privatization Organization (IPO) Abdollah Pouri-Hosseini announced that 200 state-run companies will be transferred to the private sector by the end of the current Iranian calendar year (March 20, 2017), Shana …

Russia and Turkey making up for lost economic opportunities

Russia and Turkey making up for lost economic opportunities

Moscow and Ankara are expected to sign a medium-term program of economic, cultural and scientific-and-technical cooperation in January 2017, the Russian Minister of Economic Development Alexei Ulyukayev said following the …

Russia and Kazakhstan to carry out 27 economic projects

Russia and Kazakhstan to carry out 27 economic projects

Russian Economic Development Minister Alexei Ulyukayev and the Kazakh National Economy Minister Kuandik Bishimbayev have agreed a batch of draft economic projects worth over $4 billion to diversify bilateral …

Russia cuts tariffs on Iranian seafood imports

Russia cuts tariffs on Iranian seafood imports

Russia has reduced tariffs on the import of seafood from Iran by 16%, the head of Iran’s Fisheries Organization, Hassan Salehi, said. Salehi said the reduction from 19 to 3% in tariffs on the export of seafood to …

Russian business interested in Azerbaijan

Russian business interested in Azerbaijan

Azerbaijan is one of the most attractive countries for Russia in terms of development of cooperation in the sphere of production and trade, the Russian industrialists said in an interview to Vestnik Kavkaza in the fields of the constituent …

 Automakers suspend direct sales in Kazakhstan

Automakers suspend direct sales in Kazakhstan

The leader of the Russian automotive industry 'AvtoVAZ' was forced to abandon direct sales of cars in Kazakhstan. It is reported that today only vehicle sets are imported. It should be noted that Ford Sollers and Hyundai Motor …

HPS didn’t set Bishkek and Moscow at loggerheads

HPS didn’t set Bishkek and Moscow at loggerheads

Denouncement of the agreements on construction and exploitation of the Kambaratinskaya Hydroelectric Power Station-1 and the Verkhne-Narynsky Cascade of the HPS doesn’t prevent cooperation between Russia and Kyrgyzstan