Tukimachi Sanoat Textile Group (TST Group, Uzbekistan) will establish five enterprises in Azerbaijan within the formation of a cotton cluster, the Ministry of Economy of Azerbaijan has reported.
Elchin Rzayev, head of the executive authority of Imishli district, and Rahib Isayev, head of Tukimachi Sanoat Textile Group, a subsidiary of Tukimachi Sanoat Textile in Azerbaijan, signed documents on Friday to implement the joint project. “The document envisages transfer of 5.826 thousand hectares of agricultural land on the territory of the agro-park located in Imishli district and managed by the Agency for Development of Economic Zones (structure of the Ministry of Economy of Azerbaijan) for long-term use to the Uzbek company,” the ministry said.
TST GROUP will initially invest AZN 28.7 million ($16.9 million at the current exchange rate) in the creation of cotton fields on the territory of the agro-park, in 2025-2029 will build a cotton processing plant, spinning, weaving and garment factories, as well as a cotton oil plant. “Cotton processing and oil production plants will be established on the territory of the agro park, while spinning, weaving and garment factories will be set up on the territory of the Mingachevir Industrial Park,” the ministry said.
“In general, investments in the project are estimated at AZN 92.5 million ($54.4 million at the current exchange rate), and its implementation will create 1,130 jobs. It is also planned to attract funds from the Azerbaijan-Uzbekistan Investment Fund for the realization of the project. This project will allow to create a cotton cluster in Azerbaijan,” the Ministry said.
As reported, in May 2024, one of the founders of TST Group held talks with representatives of the Agency for Development of Economic Zones of Azerbaijan, their main topic was the realization of previously reached agreements on granting TST Group a land plot near the town of Imishli. Then it was reported that the volume of investment in the textile cluster project is estimated at $52 million. The meeting also discussed plans for joint processing of Azerbaijani cotton with export of products to third countries.
TST Group is a family group of companies engaged in production and wholesale of fabrics in Uzbekistan. The group is one of the five major producers of fabrics in the country.
Secret Service agents escorted former US President Donald Trump off the stage after he fell to the ground at a rally in Butler, Pennsylvania, CNN reported.
“There were loud pops before Trump fell. Agents then helped him up and there was blood on his face. He yelled back at the crowd and raised his fist. He was then taken to a vehicle and evacuated from the scene,” the report said.
Reporters who witnessed the incident said they heard “a series of loud explosions or loud pops” before Secret Service agents rushed toward Trump.
On July 4, the Ukrainian information resource Osvita.ua published its annual consolidated ranking, which covers 235 higher education institutions and is divided into 10 thematic sub-ratings.
The Interregional Academy of Personnel Management took first place in the top ten best private universities in Ukraine!
“TOP-10: The Best Private Universities” is based on the data of other three well-known rankings based on important evaluation criteria: “TOP-200 Ukraine”, Scopus and “NMT Score for Contract”. As a result, IAPM demonstrated the best results among all private higher education institutions in the country in 2024.
Such a high rating is a confirmation that the IAPM team pays much attention to the development of all areas of the university’s activities – educational, educational and scientific, and is committed to its mission – to train highly qualified specialists who can make a significant contribution to the development of the future of our country.
Due to the fall of rocket fragments in Dneprovsky district of Kiev, the medical center of the ADONIS network suffered on Monday morning, its press service told the Interfax-Ukraine agency.
The clinic has not yet specified information about the victims.
ADONIS is a network of private medical centers for adults and children. Private clinic ADONIS was founded more than 25 years ago. Its network includes seven branches in Kiev and the region, including a rehabilitation center and a stem cell laboratory. Doctors at the clinic’s branches provide treatment in 65 medical fields. In war conditions, ADONIS branches with surgical units provide quality medical care to military and civilians.
On Monday, June 24, the Embassy of the Republic of Slovenia in Ukraine held a reception in honor of one of the most important holidays of the country – Statehood Day, which is celebrated annually on June 25 in memory of the country’s declaration of independence from Yugoslavia in 1991.
According to the Embassy’s press service, among the guests of the event were representatives of diplomatic missions of foreign states accredited in Ukraine, Ukrainian statesmen, members of the Slovenian community.
Ambassador Extraordinary and Plenipotentiary of Slovenia to Ukraine Mateja Prevolšek made a welcoming speech, thanking all those present for showing attention to this important day and emphasized that Ukraine and Slovenia have a lot in common.
“Tiny in terms of territory and population Slovenia at first glance may not seem similar to Ukraine, except for a little bit of languages. If we go beyond the first impression and ideological, cultural or geographical surprises of one kind or another, we can easily recognize the similarities and, if I may say so, the sisterhood between our two countries,” she said.
The ambassador noted that against the backdrop of the changing balance of power in the 1980s, the people of Slovenia decided for independence and the beginning of new relations with their neighbors, other European countries and the world.
“It was not easy, we were attacked and bombed. Our military and diplomats managed to limit the aggression to 10 days. Especially important was the support we received,” emphasized Prevolszek.
The head of the diplomatic mission assured that Slovenia consistently supports Ukraine and its brave people in the fight against Russian aggression, and is a steadfast friend and partner of Ukraine.
“Slovenia’s independence celebration is a time to reiterate our commitment to help Ukraine not only defend itself, but also commit to a bright future in the EU and NATO family,” the diplomat concluded.
On June 27, Slovenian President Natasa Pirtz Musar is planning her visit to Kiev. During the visit, she will sign a bilateral security agreement with Ukraine.
On 11 December 1991, the Slovenian Assembly recognized Ukraine’s state independence. On the same day, Ukraine became one of the first European countries to recognize the state independence of the Republic of Slovenia. On March 10, 1992, Ukraine and Slovenia signed an agreement on the establishment of diplomatic relations. The Embassy of Slovenia in Kyiv was established in April 2004.
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PJSC Ukrnafta has signed a memorandum of cooperation with Deutsche Bank to attract financing for the construction of a gas-fired maneuverable generation facility, the company’s press service has reported.
In addition, the company signed a memorandum of understanding with Siemens Energy at the conference on Ukraine’s recovery held in Berlin. The agreement will help obtain expertise and develop new projects based on steam and gas turbines for combined heat and power generation.
“The most important issue now is to strengthen the Ukrainian energy system, which has been devastated by Russian attacks. Decentralization and increasing efficiency. “Ukrnafta has become part of this process. It is part of the company’s ESG strategy, particularly as an organic process of expanding the value chain. It is also important from the point of view of the company’s social responsibility,” said the company’s director Serhiy Koretskyi.
Earlier, Ukrnafta and Ukrhydroenergo said that EUR300m allocated by the European Bank for Reconstruction and Development (EBRD) to support Ukraine’s energy sector will be used to implement their projects to restore generating capacity by building new maneuverable generation.
As reported, Ukraine, with the help of partners, intends to build up to 1 GW of gas-fired maneuverable generation in 2024 and another 4 GW in the coming years.
“Ukrnafta” – the largest oil company in Ukraine, is the operator of the national network of gas stations of 537 stations, of which 456 are in operation. The company is implementing a comprehensive program to revitalize its operations and update the format of its network’s gas stations. Since February 2023, Ukrnafta has been issuing its own fuel coupons and NAFTACard, sold to legal entities and individuals through Ukrnafta-Postach LLC.
Ukrnafta’s largest shareholder is Naftogaz of Ukraine with a 50%+1 share stake. On November 5, 2022, the Supreme Commander-in-Chief of the Ukrainian Armed Forces decided to transfer to the state the share of corporate rights of the company owned by private owners, which is now managed by the Ministry of Defense.
