In 2016 Azerbaijan’s exports will decline by 18% YoY, or by $2.8 billion, the CBA Chairman Elman Rustamov said. Earlier Rustamov noted that Azerbaijan’s exports would be about $12.8 billion by late 2016. “The export of non-oil products and services has declined by 20% since early 2016”, he said, adding that non-oil imports were currently…
It is planned to build another 26 agroparks in Azerbaijan, the country’s Economy Minister Shahin Mustafayev said. He said that the agroparks would be built in 19 districts of Azerbaijan. A variety of processing and manufacturing enterprises are planned to be built in these agroparks. Currently, the work is underway in Azerbaijan to create ‘Yalama’…
Afghanistan will profit by more than $1 billion per year for gas transit via the Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline. Necessary infrastructure facilities – plants, gas compressor stations and gas purification plants will be built along this energy bridge. “More than 12,000 jobs will be created for our Afghan brothers”, Turkmen President Gurbanguly Berdimuhamedov said. The main…
In January-September the share of agro-industrial complex in the general growth of capital investments in Ukraine reached 51.3%, including the agricultural component at 39.6%, and the food industry at 11.7%, the Head of investment department at the National Scientific Center Institute of Agrarian Economics Nikolai Kisil declared. According to him, in January-September the general volume…
The Asian Development Bank (ADB) approved a $500 million loan to help Azerbaijan maintain social spending, create jobs, and diversify its economy to mitigate the adverse impact of a crash in oil prices, ADB said in a message. Sean O’Sullivan, director general of ADB’s Central and West Asia Department, said ADB’s support was important for…
Continuing last year’s autumn trend, the volume of cargoes carried by Latvijas dzelzcels had increased in November. The volume of cargoes transported by rail reached 4.46 million tons, up by 7.6% YoY. Coal transports have increased significantly. 1.8 million tons of coal was transported in November. This exceeds the index of November 2015 by 28.7%.…
The European Court of Auditors (ECA) has expressed reservations about significant amounts of financial assistance rendered to Ukraine. The assistance program from 2007 to present has resulted in limited results, according to a statement of EU financial observers. Prior to 2014 the reason for the low effectiveness of assistance from the European Union (EU) was…