Azerbaijan: ADB approves of multi-million loan

The Asian Development Bank (ADB) has approved of the fourth tranche worth $75 million as part of the ‘Azerbaijan: Water Supply and Sanitation Investment Program’, said a message posted on the bank’s website. According to the message, the first three tranches of the multi-tranche financing facility (MFF) financed construction of water networks in Goychay, Agdash…

Ukraine: oilseed crops condition good

Last week the weather was favorable for late crops formation due to lower air temperatures and higher amount of precipitations. Sunflower sown in the optimal and early terms is at the stage of maturation – technical ripeness and at later sown plants – flowering stage. Some regions have started harvesting works. Sunflower condition is mainly…

Uzbekistan: Switzerland to help with water project

Uzbekistan and Switzerland signed an intergovernmental agreement on realization of a project “National management of water resources in Uzbekistan”. Deputy Minister of Agriculture and Water Management of Uzbekistan Shavkat Hamraev and Extraordinary and Plenipotentiary Deputy Ambassador of Switzerland in Uzbekistan Thierry Umbehr signed the document. According to information service of the ministry, Switzerland will issue…

Belarus: clothing sales to Russia and Kazakhstan up

Pinsk-based clothing manufacturing and trading association Polesye has recently increased its exports to Kazakhstan and Russia through its schoolwear supplies, Sergei Kasperovich, head of the company’s export department, reported. About 35,000 back-to-school items produced in Pinsk will go to Russian regions this summer. Polesye school clothes are on sale in stores of Moscow, Saint Petersburg,…

Azerbaijan: Paypal one step closer to full work

PayPal is preparing to receive accreditation in Azerbaijan, a source in the country’s e-payment systems market reported. PayPal has already selected the bank that will represent its interests in Azerbaijan, according to the source. The bank’s name was not revealed. “The issue of PayPal’s accreditation is currently the subject of discussion of the sides: after…

Kazakhstan: direct flights to be launched between Astana and Warsaw

Presidents of Kazakhstan and Poland Nursultan Nazarbayev and Andrzej Duda made a joint statement following their talks in Warsaw. According to Nazarbayev, Kazakhstan is rich in natural resources, but the country implements today a large-scale industrialization program. “In five years, we have commissioned 1,000 projects. Most of them are processing enterprises. Polish businessmen were invited…

Uzbekistan: minimum wage to go up

The President of the Republic of Uzbekistan signed a decree to increase the wage of employees of budgetary institutions and organizations, pensions, stipends and grants on average 1.15 times (15%). The document comes into effect on October 1. According to the decree, the minimum wage rate on the territory of the Republic of Uzbekistan will…

Kyrgyzstan: investments in 2017 to go up

Kyrgyzstan expects increase in investments in 2017, Deputy Prime Minister of Kyrgyzstan Oleg Pankratov announced. According to him, countries of EEU remain the main market outlet for Kyrgyzstan. Meanwhile, the Eurasian Economic Union makes republic attractive for investors. “We have open market of 180 million people in front of us. Of course, there was no…

India: GoAir to conduct flight to Uzbekistan

Indian low cost airline GoAir received a permission to carry out flights to Uzbekistan. Local mass media reported that the Government of India had provided permission to GoAir to conduct flights between Uzbekistan and India. GoAir Chief Executive Officer Wolfgang Prock-Schauer said that the airline would start conducting flights to Uzbekistan from next summer schedule.…

Uzbekistan: Uzbekcharmpoyabzali to produce 8.7 million pairs of shoes in 2016

The main objectives of the Association “Uzbekcharmpoyabzali” are to coordinate the activities of the industry via storing up and processing the raw leather, produce competitive leather products, shoes and leather goods, as well as introduce advanced technologies, modernize and technically re-equip the industry. Today the Association unites over 80 enterprises. The main directions of further…