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Ministry of Foreign Affairs announced Ethiopia concluded a bilateral agreement with Russia for the purpose of cooperation in areas of agriculture and energy.

During a pre bid meeting on Monday, June 30, 2014, Ethiopian Railway Corporation pronounced it is looking forward to establish an international system which will enhance operation and maintenance works.

Ethiopian Tourism Organization (ETO), which is a newly established organization, is said to have commenced operation on Tuesday, July 1, 2014.

National Aviation College concluded a Memorandum of Understanding (MoU) with three Chinese institutions for the purpose of offering aviation education.

A 3.73 Billion Birr loan agreement with the China EX-IM Bank was ratified by Ethiopia’s legislature, House of People’s Representatives (HPR). The loan is secured for the upgrade of the 210 Kilometers Dire Dawa – Dewalle road project.

Five contractors were awarded seven contracts of 1.06 Billion Birr worth for the construction of 20 Kilometers asphalt road by the Addis Ababa City Roads Authority (AACRA). All the projects are said to be financed by the Addis Ababa City Administration.

Oilseed has taken over coffee by being the biggest source of foreign currency for Ethiopia during the first 10 months of the current fiscal year.

Out of the total 10 factories Ethiopia planned to construct during the first phase of the Growth and Transformation Plan (GTP), seven of them were said to start production at the end of the coming year, Ethiopian Sugar Corporation announced.

The second Alle Bejimla wholesale cash and carry store was opened on Wednesday, June 25, 2014 at Kality. The third store is expected to be opened on Wednesday, July 2, 2014 at Merkato.

The Ethiopian Textile Industry Development Institute (ETDI) announced it is preparing to supply up to 100,000 trained personnel by the coming year.