Turkmenistan: main areas of development for 2017 named

Turkmenistan’s President Gurbanguly Berdimuhamedov has named the main vectors of the country’s socio-economic development which will be taken into account in the draft 2017 state budget. The president noted that the country would continue the reforms on the integrated diversified economic development. These reforms envisage the implementation of major investment projects of international and regional…

Ukraine: IMF approves of third $1 billion tranche

The Executive Board of the International Monetary Fund (IMF) completed the second review of Ukraine’s implementation of an economic program backed by the Extended Fund Facility and approved of the disbursement of a third tranche worth SDR 716.11 million, or about $1 billion, the IMF said in a statement. “This brings total disbursements under the…

Russia: MADI starts developing new amphibious platform

The Moscow Automobile and Road Construction State Technical University (MADI) has started developing a versatile amphibious platform for light, extra light and heavy vehicles operational with the Airborne Force, the Airborne Force’s press office said. “The Airborne Force and top specialists of the Moscow Automobile and Road Construction State Technical University have started jointly developing…

Kazakhstan: oil production to go up by 2021

Kazakhstan plans to increase oil production to 79.5 million in 2017 and to 86.5 million tons in 2021, according to the 2017-2021 socio-economic development outlook, the Kazakh National Economy Ministry reported. In the baseline scenario, the oil price is expected at $35 per barrel in 2017-2019, with an increase to $45 per barrel by 2021.…