Azerbaijan intends to increase energy efficiency by 20% till 2020, Director of the Institute for Scientific Research on Economic Reforms (ISRER) under the Ministry of Economy of the country Vilayat Veliyev said. He said that these objectives were described in “Azerbaijan 2020: Look into the Future” concept of development adopted by the country’s president. “In…
Ukraine`s GDP grew by 1.8% YoY in the third quarter of 2016, which was a sign of economic recovery in the country. Ukrainian Vice Prime Minister – Economic Development and Trade Minister Stepan Kubiv stated this at a meeting dedicated to the Strategy for Small and Medium Enterprises Development till 2020. “Yesterday Prime Minister Volodymyr…
Austrian firm OMV CEO Rainer Seele is sure that an asset swap deal with Russian gas giant Gazprom will be signed by the end of the year. Gazprom signed an asset swap agreement with OMV in April. Media reported in September that OMV offered 25% in Norwegian shelf deposits to Gazprom under the deal, but…
Asian markets were hit by fresh volatility on November 17, as uncertainty permeates trading floors after Donald Trump’s shock election win, while the dollar pushed back up on expectations of a US interest rate hike. Investors have been struggling to ascertain the outlook for the global economy under a Trump presidency after his bellicose rhetoric…
Turkmenistan and South Korea discussed the issues of cooperation in Seoul, the Turkmen Foreign Ministry reported. The discussion in a multilateral format was held during the ninth “Republic of Korea-Central Asia” cooperation forum, held at the level of deputy foreign ministers from the Central Asian countries and South Korea. The Turkmen delegation, along with other…
Armenian Foreign Minister Edward Nalbandian declined to elaborate on the country’s inclusion into the European common aviation area. At the press conference on the results of the eighth non-official meeting of the Foreign Ministers of Eastern Partnership countries held in Yerevan, the Armenian FM noted that in the future talks on joining the common aviation…
Kazakhstan’s Energy Minister Kanat Bozumbayev said he had been negotiating with OPEC, but he believed the central Asian energy giant had already cut output enough this year. “Kazakhstan already slashed its oil output this year, and slashed it quite noticeably. We produced about 80 million tons of crude last year and will produce around 76.5…