For the first time over the years of independence, Kyrgyzstan imports electricity from Turkmenistan to cover the shortage of electricity, the Ministry of Energy reports. Previously, there were no imports from this country due to the impossibility of transmitting electricity through a high-voltage line between Turkmenistan and Uzbekistan. After the reconstruction of the 500 kilovolt…
As of November 11, farms of Kharkiv region harvested more than 200,000 tons of sugar beets. According to the Department of agri-industrial development of Kharkiv Regional State Administration, 212.4 thousand tons of sugar beets were harvested. The average yield was 370.5 hundredweights per ha (in 2020 – 383.1 hundredweights/ha). (Ukrsugar/Business World Magazine)
Consumer inflation in October slowed down to 10.9% YoY, while remaining above the National Bank’s forecast. That’s according to the NBU’s October inflation report released by the regulator’s press service. “Actual consumer inflation has slowed as expected, while standing slightly higher than the forecast published in the Inflation Report for October. This is primarily due…
The Asian Development Bank (ADB) has approved a EUR 101-million loan to build and upgrade infrastructure and enhance services in urban centers to boost regional development and economic opportunities in Georgia. The project aims to support the country’s recovery from the pandemic and “make its cities more livable, inclusive, and climate-resilient”. ADB reports that the…
321 new enterprises with Turkish investment were set up in Uzbekistan from January to October, the State Statistics Committee reported. Turkey is now leading in the number of newly set up foreign investment enterprises in Uzbekistan, followed by Russia and China. Kazakhstan and Korea are placed fourth and fifth. Trade turnover of Uzbekistan with Turkey…
Minister of Finance Keit-Pentus Rosimannus (Reform) said that although inflation might continue next year, official estimates did not see it happening, which is why the Ministry of Finance could not take the possibility into consideration when drawing up next year’s budget. Pentus-Rosimannus said when speaking of inflation that it would continue into next year, but…
The Chairman of the Cabinet of Ministers of Kyrgyzstan Akylbek Japarov, as part of his working trip to Jalal-Abad region, took part in the opening ceremony of two elevated bridges and Aral – Kazarman highway. These objects are a part of an alternative North – South road and the construction contractor is China Road and…