Turkmen President Gurbanguly Berdimuhamedov during his inauguration ceremony held in Rukhiyet Palace in Ashgabat on February 17, named the support and development of entrepreneurship and market relations in different sectors of the country’s economy as one of the main objectives. A presidential election was held on February 12, in Turkmenistan. Gurbanguly Berdimuhamedov, who has been…
In the current MY wheat production in Kazakhstan will reach 17 million tons, the International Grains Council (IGC) reported. In particular, the beginning stocks of wheat in the country are estimated at 2.5 million tons, up by 0.1 million tons YoY. The total supply will reach 19.6 million tons, as opposed to 15.1 million tons…
Ukraine has significantly increased the share of the nuclear energy in the overall energy balance of the country, president of Ukraine Petro Poroshenko stated at a meeting of the National Security and Defense Council (NSDC). “I am pleased to inform that we have increased the share of nuclear energy in the overall energy balance. From…
The Ministry of foreign economic relations, investments and trade held a meeting with representatives of the delegation of the Korean Federation of textile industries (KOFOTI) and the Korean Institute of Industrial Technology (KITECH). During the meeting, detailed information about the benefits and preferences created for foreign investors, particularly in the textile sector, as well as…
Compared with 2015, the number of complaints about the public procurement process in Kyrgyzstan increased by 40%, the MP Ulan Primov said. According to him, the Accounting Chamber reveals most of the shortcomings in the regional departments of capital construction. MP is sure that the growth in complaints of public procurement suggests an increase in…
With external pressures subsiding, economic indicators of Kyrgyzstan have improved, but the recovery remains modest. The head of the International Monetary Fund mission Edward Gemayel said, following his visit to the Kyrgyz Republic. IMF mission visited Bishkek on February 9-15. The specialists took stock of the latest economic developments and discussed progress on economic reforms.…
S&P Global Ratings affirmed its ‘B-/C’ long- and short-term counterparty credit ratings on Capital Bank Kazakhstan JSC (CBK). The outlook is negative. At the same time, S&P affirmed ‘kzB+’ Kazakh national scale rating on the bank. “The affirmation follows an improvement in CBK’s liquidity metrics in the first half of February,” S&P said. “The bank’s…