Russia: super nuclear power plant to be developed by 2027

Rosatom intends to develop the most cost-effective nuclear power plant (NPP) in the world by 2027, according to the corporation’s roadmap of innovative development until 2030. Russian state company Rosatom is actively working to improve the competitiveness of its nuclear projects proposed for construction abroad in order to fix its leadership on the global market.…

Turkmenistan building railway to Afghanistan

The Turkmenistan-Afghanistan-Tajikistan (TAT) railway, which is under construction, is intended to stimulate trade ties between the countries of the region, the Turkmen government said in a message. The first phase of the project envisages construction of two railway sections: a 85-kilometer Atamyrat-Imamnazar line in Turkmenistan and a 38-kilometer line from Imamnazar to the Andkhoy village…

Belarus: Hotel Belarus in Grodno to be sold

Grodno authorities are making preparations to convert the state-owned Hotel Belarus into an open joint stock company and sell a stake to an investor, Grodno Regional administration said. Built in 1968, Hotel Belarus is an 8-storied building with 242 rooms. The hotel is located in the city center. Earlier Lithuania’s Arvi Group considered buying the…

Kyrgyzstan: investment projects to expand

Kyrgyzstan plans to expand the range of investment projects, the Prime Minister Sooronbay Jeenbekov announced at the meeting of Coordination Council on Macroeconomic and Investment Policy. According to him, amid the economic crisis, limited resources, and reduction in the traditional markets, the country needs to take a number of measures that will help to create…

Ukraine: Nexans starts constructing plant

Ukrainian President Petro Poroshenko took part in the ceremony to mark the start of construction work of a cable plant by France’s Nexans. “Everyone was convincing us that until the war continued no investor would come to Ukraine. We are convincing with our patient labor, creation of investment climate, providing for radical changes and reforms…

Uzbekistan: first buyers get Nexia

First buyers of the new car model Nexia have received keys to their automobiles, the press service of GM Uzbekistan said. Sales of new model of Nexia started in Uzbekistan on August 8. First automobiles of Nexia and accessories were handed over to the first buyers during the special ceremony at Driver’s Village, a dealer…

Tajikistan: commercial opportunities with Afghanistan discussed in Dushanbe

Issues related to expansion of economic cooperation between Tajikistan and Afghanistan were discussed at a roundtable entitled “Commercial Opportunities of Tajikistan and Afghanistan” that took place in Dushanbe on August 16. The meeting brought together representatives of relevant bodies of Tajikistan, Afghan Embassy in Dushanbe, international organizations active in Tajikistan, as well as Tajik and…

Belarus: GDP down in January-July 2016

Belarus’ gross domestic product (GDP) dropped by 2.7% YoY in January-July 2016 to 52.6 billion Belarusian rubles ($27.1 billion at the central bank’s exchange rate), an official with Belarus’ National Statistics Committee said. Industrial output in January-July fell by 2% YoY to Br45.1 billion ($23.2 billion). Farm output grew by 4.2% to Br6.2 billion ($3.2…

Belarus: capital investments down in January-July 2016

Belarus’ fixed-capital investments and investments in construction dropped by 20.6% YoY in January-July to Br9.2 billion ($4.8 billion), the National Statistics Committee (Belstat) said in a report. As much as 3.1 billion rubles ($1.6 billion) was spent on buying machines, equipment, and vehicles, down by 24.9% YoY. Investments in construction and assembly operations totaled Br5…