In January Azerbaijan increased wheat import 3.4-fold YoY, to 58.7 million tons, the State Statistical Committee of the Republic of Azerbaijan reported. According to the statistics data, the general cost of imported wheat to the country totaled $10.857 million (up 3.2 times). Also, in the reporting period Azerbaijan imported 1.426 thousand tons of vegetable oils…
Belarusians pay as much as 72% of the prime cost of electricity, Mikhail Malashenko, Deputy Chairman of the State Standardization Committee, Director of the Committee’s Energy Effectiveness Department, declared. “At present the population pays 72% of the prime cost of electricity and 17% of the prime cost of heating energy,” noted Mikhail Malashenko. In his…
The direct work on implementation of the Dushanbe-Qurghon Teppa road rehabilitation project will start only after it is endorsed by Tajik parliament. Tajikistan’s lower house (Majlisi Namoyandagon) must ratify a finance agreement concluded between the government of Tajikistan and the Asian Development Bank (ADB). The ADB Board of Directors has approved $65.2 million in loan…
The State Competition Committee received the World Bank mission in Uzbekistan to discuss small business support through the Small Business Development Guarantee Fund. Held under the World Bank’s Modern Economy-backed Job Expansion and Skill Development Project, the meeting reviewed small businesses’ efficiency and praised the setting up of the Guarantee Fund. Specialists said they were…
The European Investment Bank (EIB) has provided the second senior loan of EUR 20 million to AccessBank. The loan will be utilized by AccessBank to provide financing to small and medium enterprises in Azerbaijan. Since AccessBank is a leading bank in Azerbaijan specialized in providing financial services to local micro and SME businesses in the…
Ukraine’s Cabinet of Ministers has approved a project on construction of the second stage of Dnistrovska hydroelectric pumped storage power plant, consisting of unit 4. As reported, the hydroelectric generation development program until 2026 approved by government resolution No. 552-r dated July 13, 2016 envisages the start of construction of unit 4 in 2017 and…
It is possible to reduce the cost of gas for the end-consumer by introducing a competition on the gas market and an energy efficiency reform, Deputy Prime Minister – Minister of Regional Development, Construction and Housing and Communal Services Hennadiy Zubko said during an Hour of questions to the government. “How can we reduce the…