Russian sanctions could cost the Turkish economy as much as $9bn, the country’s deputy prime minister Mehmed Simsek has told the Turkish television channel NTV, adding that (more…)
France’s international retail group Auchan yesterday opened the very first Tajik hypermarket – and the company’s first in Central Asia – in Dushanbe with an inauguration ceremony attended by the country’s President Emomali Rakhmon. The 5,000 m² outlet has been developed with (more…)ITAR-TASS Read More»
Iranian exports to Russia: Iran plans to increase its exports to Russia from $500m to $2bn in the new Iranian fiscal year that starts next week, the business magnate and member of the Iran-Russia Joint Chamber of Commerce Asadollah Asgarolad said yesterday. A large proportion of the increase in trade would probably be (more…)TREND Read More»
Pacific Rim agricultural exports: Despite experiencing growing food shortages and price inflation at home due to the embargoes it has imposed on EU and now Ukrainian imports, the Russian government is aiming to double grain supplies to the Pacific Rim, Prime Minister Dmitry Medvedev told the APEC-2015 Summit in Manila last month, as Moscow (more…)rbth Read More»
A delegation of Kazakh businessmen and women led by East Kazakhstan’s Governor Danial Akhmetove last week signed seven business agreements worth $1.7bn with their Chinese counterparts during a visit to Xinjiang. The principle focus of the deals is agricultural and include the develop a livestock cluster in the region and crop processing facilities. Among the companies involved are Eurasia Agro, Reef Investment, EMA and Vostok Agro Holding. Trade turnover between East Kazakhstan and Xinjiang currently stands at more than $590m.
Akhmetov also invited Chinese investors to participate in the construction of the $1.4bn railway from Kapchagai to China.
The Russian meat producing Cherkizovo Group has received a $250 million loan from the state-run Sberbank to build a string of facilities that will increase its pork production capacity by 70%, the bank confirmed yesterday.
The investment marks Cherkizovo’s latest move (more…)
Authorities in Russia’s Trans-Baikal region in eastern Siberia have granted China’s Zoje Resources Investment and its Huae Sinban subsidiary a 49-year land lease for the development of modern agriculture and livestock industries on 115,000 hectares of its uncultivated land. In return, (more…)ITAR-TASS Read More»
With around 28% – about 56m ha – of Russian farmland not being used for its intended purpose, Russia’s Agriculture Ministry is considering handing out free five-year leases of state-owned land out to agricultural investors, according to unnamed sources quoted in Vedomosti last week. The Ministry has also suggested compensating investors for the cost of its development. 21.6m ha or nearly half of the vacant farmland is in Siberia, according to the Ministry’s own database.The Moscow Times Read More»
$2bn Agricultural investment fund: Russia and China have agreed to set up a $2bn investment fund specialising in agricultural projects, with Russia as the minority shareholder, Russian Direct Investment Fund’s (RFPI) chief Kirill Dmitriev said today. “Basically it will be funded by Chinese institutional investors, especially (more…)Rosbalt Read More»