Belarus plans to increase its gold and foreign currency reserves by $500 million in 2017, Prime Minister Andrei Kobyakov said. It is a complex task but achievable, if the government and the National Bank coordinate their efforts, said Kobyakov. Belarus just needs to make an effective use of contacts and agreements with international financial institutions.…
As of August 24, agricultural organizations of Belarus harvested grains and pulses throughout the areas of 2 million ha, the Ministry of Agriculture of the Republic of Belarus declared. The average yield totaled 3.37 t/ha. The harvested volumes reached 6.733 million tons of grains, down by 1.81 million YoY. (APK-Inform/Business World Magazine)
The Asian Development Bank (ADB) has postponed the consideration of allocating a $200 million loan for implementation of the International North-South Transportation Corridor project, as well as for development of Azerbaijan’s railway sector, till the next year, said an ADB message. Earlier, the bank’s management planned to hold the project’s overview on December 12, however,…
President of Uzbekistan Islam Karimov signed a decree “On increasing the sizes of salaries, pensions, stipends and social allowances” on August 22. The document was adopted at increasing income and life standards of population, as well as strengthening social support of citizens of Uzbekistan. According to the decree, the salaries to workers of budget organizations,…
The Belgorod Region has approved of construction of one of Russia’s largest greenhouse project of the Greenhouse company owned by Arkady Abramovich, son of tycoon Roman Abramovich. The first, 5.93 billion ruble stage includes construction of 24 hectares of greenhouses until the end of 2017, which will allow the company to produce 19,300 tons of…
Consortium of South Korean companies completed construction of the second combined-cycle gas turbine with capacity of 450 MW at the Talimarjan thermal power plant in Kashkadarya region. The second block started to generate electricity. The third block will start its operation by the end of 2016. With full realization of the project production capacity of…
The construction of the Trans Adriatic Pipeline (TAP), which is designed to transport Azerbaijani gas to European markets, is progressing fully in line with its schedule, TAP AG said. TAP AG tweeted on August 24, that it started welding pipes in Greece and Albania. All welds undergo ultrasonic testing, TAP said. TAP project envisages transportation…