In 2015/2016 MY, Kazakhstan exported 86 thousand tons of grains to Azerbaijan, the Ministry of Agriculture of the Republic of Kazakhstan declared. According to the announcement, Azerbaijan remains one of the traditional export markets for Kazakh grains. But during several recent years Azerbaijan reduced purchases of Kazakh grains due to increase of domestic production volumes.…
The International Monetary Fund (IMF) has improved the inflation outlook in Azerbaijan for 2016 and 2017 to 10.2% and 8.5%, respectively, the fund’s report said. Earlier in April, the IMF expected inflation in Azerbaijan at the level of 12.8% for 2016 and at 9.5% for 2017. The IMF also expects inflation in Azerbaijan to decline…
The International Monetary Fund (IMF) can help Azerbaijan primarily by working with the authorities to enhance macroeconomic policies and frameworks and strengthen institutions – key ingredients in the reform process, Mohammed El Qorchi, IMF mission chief for Azerbaijan, said. “The shift to a new economic model, one based more on non-oil private sector growth, will…
The European Bank for Reconstruction & Development’s (EBRD) Board of Directors has adopted a decision on raising the bank’s stake in the equity capital of Holcim OJSC in Azerbaijan (formerly Garadagh Cement Plant) to 20%, according to the bank’s message. This move was made to continue supporting the company to improve energy efficiency through the…
The United Kingdom will provide assistance to Ukraine in reforming the customs sector and the judicial system. “We’ve agreed that the UK will consistently assist us in the reform of our customs system and the introduction of a parliamentary system of transparency”, Ukraine’s Foreign Minister Pavlo Klimkin said. UK Secretary of State for Foreign and…
Belarus might become a platform for strengthening the cooperation between the European Union and the Eurasian Economic Union (EEU), German political scientist Alexander Rahr said. “Everyone understands that it is necessary to find some form of cooperation, deeper cooperation, between the European Union and the Eurasian Economic Union. Many in Germany think that Belarus is…
Ambassador Extraordinary and Plenipotentiary of Belarus to Cuba Alexander Aleksandrov and Cuban Minister of Heavy Industries Salvador Pardo Cruz discussed the deliveries of Belarusian machine-tool equipment to Cuba, the press service of the Foreign Ministry of Belarus reported. “During the meeting, the parties discussed topical issues of cooperation between the two countries in the field…