Azerbaijan’s economy to grow 2.5% in 2016 – UN

Azerbaijan’s economy in 2016 and 2017 will grow by 2.5 percent and 2.9 percent, respectively, the UN said in its “World Economic Situation and Prospects 2016” report published Jan. 25. Inflation in Azerbaijan in these years is expected at 3.5 percent, according to the report. In average on the CIS countries and Georgia, the UN […]

Report: Azerbaijan among best countries in “Open for Business Ranking”

The US News & World Report, a multi-platform publisher of news and information, has put Azerbaijan among the best countries to do business in. According to the report, Azerbaijan is among the countries listed in the “Open for Business” sub ranking of the Best Countries rankings conducted in partnership with the Wharton School of the University of Pennsylvania. The ranking was presented […]

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ITE Acquires Fastener Expos in China

ITE Asia has acquired a 70% stake in the organiser of the Fastener Expo in Shanghai and Guangzhou. Fastener Expo Shanghai is an annual event held at the Shanghai World Expo Exhibition & Convention Center. Fastener Expo Guangzhou, was launched in 2013 and has just held its third edition at the Guangzhou Poly Trade Expo […]

WorldFood Warsaw turns sweet

Poland’s confectionery market is valued at PLN 12.7 billion. Experts believe that both worldwide and domestic production will be on the rise in the near future. Poland is the largest confectionery market in Central and Eastern Europe. The main distribution channels for these products are discount shops, hypermarkets, supermarkets and small retail shops. The significance […]

Poland – a country of tea drinkers

The Polish tea market is currently worth over PLN 2.1 billion according to Euromonitor International. It estimates that Poles consume about 20,000 tonnes of tea a year, which puts Poland in fourth place in Europe (behind Ireland, Russia and the UK), and in ninth place globally, ahead of Japan and Saudi Arabia. According to the […]