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East Asia
Pakistan donates 10,000 tons of rice to flooded areas in Hubei province
The first batch of rice donated by Pakistan to flood-stricken areas in central China’s Hubei province arrived at Wuhan Tianhe Airport on Aug. 22. The Hubei provincial government held a handover ceremony at the airport for the first 22 tons of rice. According to the donation plan, Pakistan will donate…
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East Asia
Jakarta-Bandung high-speed rail project gets all permits
Seven months after ground was broken for Indonesia’s first high-speed railway, which is being developed by a China-Indonesia joint venture, the project received a construction permit for its entire length, media reports said on August 21. Experts said Sunday that construction should be completed within three years as planned, despite…
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East Asia
First stock of Georgian Nabeglavi appeared in Korea
Caucasus Business Week reports that the increased demand on mineral water in Korea might be satisfied by Georgian products. Company “Premier Water International” has already implemented export of first stock of Georgian mineral water “Nabeglavi”. The company holds negotiations on product supply with one of the largest trade centre in…
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West Asia
Why anti-corruption protests are rising in Armenia?
Vestnik Kavkaza – On July 17, 2016, 12 Armenian anti-government activists raided a police station in Yerevan and took nine police officers hostage. After storming the station, the hostage takers urged the Armenian government to release right-wing opposition leader Jarir Sefilian from prison and called for Armenian President Serzh Sargsyan’s…
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Central Asia
Uzbekistan completes the high-speed railroad
The national railroad workers are completing a project aimed at launching a new high-speed railroad between Tashkent and Bukhara, Jahon Agency reports. As part of this initiative, a new site, Marakand-Navoi, spanning 140.2 km was built from the beginning of the year. Now the railroad line from Navoi to Bukhara…
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West Asia
Two Azerbaijani banks declared bankrupt
Two Azerbaijani banks, the Caucasus Development Bank and AtraBank, licenses of which were revoked by the Central Bank of Azerbaijan (CBA) in January 2016, have been declared bankrupt, said Azerbaijan Deposit Insurance Fund (ADIF) in a message Aug. 17, Trend reports. The message said the decision on the banks’ bankruptcy…
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Central Asia
Kazakh president to visit Azerbaijan and Armenia
President of Kazakhstan Nursultan Nazarbayev will visit Azerbaijan, Serbia, Armenia and a number of other countries in 2016, Kazakh Foreign Minister Erlan Idrissov said at a briefing Aug. 17, Trend reports. In June, Idrissov said Nazarbayev will visit Japan, South Korea, Saudi Arabia and Jordan in 2016. The Kazakh president…
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Central Asia
Iran Ready for Oil Swap with Caspian Neighbors
An official with the Iranian Oil Terminals Company (IOTC) says Iran can swap up to 120,000 b/d of crude oil with its northern neighbors at North Oil Terminal, Shana reports. Hamid Reza Shadoust, a local IOTC official in the city of northern city of Neka, said on August 16 that…
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East Asia
S. Korea’s agriculture ministry launches Chinese website
South Korea’s agriculture ministry said Wednesday it has launched its Chinese website (chinese.mafra.go.kr) in the latest move to provide better information on the country’s agricultural products. The Ministry of Agriculture, Food and Rural Affairs said it plans to boost exchanges and cooperation with China in the agricultural sector. The ministry…
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East Asia
North Korea’s foreign trade
Recent economic sanctions created serious problems with exports of minerals from North Korea. Technically UN member countries are banned from importing North Korea minerals even though in practice it remains to be seen to what extent this ban will be observed by China. Nonetheless, there is no doubt that the…
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