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…

Belarus: potash exports to Poland up in H1 2016

Belarusian Potash Company (BPC) shipped 69,288 tons of potash fertilizers to Poland in January-June, up by 43% YoY. Potash export proceeds from Poland-bound shipments grew by 30% YoY, to $32.6 million. Established in September 2013, Belarus Potash Company (BPC) has regional dealerships in Delhi, Beijing, Singapore and Sao Paulo. BPC facilitates potash exports to Europe,…

Russia: Medvedev to postpone Bashneft privatization

Russian Prime Minister Dmitry Medvedev has decided to postpone privatization of the oil company Bashneft, and the decision was supported by the president Vladimir Putin, Medvedev’s press secretary Natalya Timakova reported. “Yes, the Prime Minister made a decision and the president approved of it – to delay privatization of Bashneft”, Timakova said. The Federal State…

Russia: inflation at zero in August 2016

Russian consumer prices remained flat from August 9 through August 15, after two weeks of a 0.1% contraction, while inflation since January 1, stood at 3.8%, the Federal State Statistics Service said. In August 2015, prices grew by 0.4% MoM and 9.8% since January 1, 2015. Prices for fruit and vegetables fell by 3.4% on…