Kyrgyzstan: Toktogul water reservoirs up

Toktogul water reservoir has currently accumulated 15 billion cubic meters of water, which is 4 billion more than in 2015. This was announced today at a meeting of the Republican head office on preparation for the heating season. At least 133.163 million kW-h of electricity have been imported from Kazakhstan in 2016 for uninterrupted power…

Tajikistan: aluminum exports up

Tajikistan has reportedly increased primary aluminum exports. The head of the Customs Service under the Government of Tajikistan, Abdufattoh Ghoib, noted that Tajikistan had exported about 73,500 tons of primary aluminum over the first six months of this year, an increase of 20% YoY. Tajikistan exported 61,200 tons of primary aluminum in January-June 2015, up…

Ukraine: UIA introduced Business Smart fares

Ukraine International Airlines introduce Business Smart fares and offer early bookers, departing from the cities of Ukraine, to purchase Business Class tickets at attractive prices. Planning their trips in advance and purchasing Business Class tickets for UIA services on UIA website www.flyuia.com, at UIA Contact Center, as well as at UIA and partner ticket offices,…

Kyrgyzstan: Kochkor-Ata Mayor’s Office to spend over 14 million soms on road repair

Kochkor-Ata Mayor’s Office intends to spend over 14 million soms on repair of three roads.

Mayor’s Office budget will provide 1, 756.8 million for the widening of Pioneer Street. Reconstruction of Pioneer and Sadovaya Streets will cost 12,353.4 million soms. (24.kg/Business World Magazine)

Kazakhstan to launch new flights to Mongolia

Kazakhstan and Mongolia may launch new flights, PM Karim Massimov said. At the government’s meeting the PM tasked the Ministry of Investments and Development to consider the issue of launching Bayan-Olgii-Almaty and Bayan-Olgii-Ust-Kamenogorsk routes. The Ministry of Agriculture was entrusted with a task to consider an opportunity of delivering meat to Semipalatinsk Meat Processing Plant…

Uzbekistan: Chinese company to create food hub

Xinjiang Silu Changlong Investment Co., Ltd (China) is planning to create a food transport-logistic center in Bukhara region of Uzbekistan. Currently, the Chinese company is developing the project in cooperation with the Ministry of Economy of Uzbekistan. Within the project, it is planned to create a modern logistics center, two plants for processing of fruits…

Belarus: laser technologies for ICRANet studies

Belarusian laser technologies will be used for research projects of the International Center for Relativistic Astrophysics Network (ICRANet), Deputy Chairman of the Presidium of the National Academy of Sciences of Belarus (NASB) Sergei Kilin said. On July 18 Chairman of the Presidium of the National Academy of Sciences of Belarus Vladimir Gusakov and ICRANet Director…

Belarus: companies urged to advance cooperation with Chinese partners

Belarusian companies should step up efforts to advance cooperation with Chinese partners, Ambassador Extraordinary and Plenipotentiary of Belarus to China Kirill Rudy said. The Ambassador believes that it is essential to build production chains with Chinese partners. Speaking about the inflow of Chinese investments to Belarus, Ambassador Kirill Rudy said about the preparation of amendments…

Kyrgyzstan: basic foods price up

Basic foods grew in price in Kyrgyzstan, the Ministry of Economy reported. Bread has risen in price by 0.19 soms (1.05%), rice – by 1.77 soms (2.33%), beef – by 0.92 soms (0.33%), sugar – by 1.54 som (2.94%), vegetable oil – by 0.19 soms (0.21%), potatoes – by 4.93 som (34.71%), beans – by…

Germany: ATB Financial sends one of the world’s first real-time payments using blockchain technology supported by SAP

ATB Financial, the largest Alberta-based financial institution, has collaborated with SAP SE, financial technology start-up Ripple Labs Inc. and ReiseBank AG in Germany to send the first real international blockchain payment from Canada to Germany. ATB successfully transferred CA$1,000 (667 euro) to ReiseBank using a network built on SAP technology and Ripple’s pioneering network of…

Azerbaijan: assets of State Oil Fund up

Assets of the State Oil Fund of Azerbaijan (SOFAZ) increased by 4.6% and amounted to $35.1 billion as of July 1, as compared to $33.57 billion in early 2016, SOFAZ said in a report. SOFAZ’s revenues totaled almost four billion Azerbaijani manats during the H1 2016, and expenditures were almost at 2.256 billion manats. During…

Ukraine: UkrOboronProm cooperation with Azerbaijan establishes model of working relationship with other countries

Cooperation between Ukraine and Azerbaijan in AN-178 production will establish the model of UkrOboronProm working relationship with other countries. This was stated by Director General of the State Concern Roman Romanov, commenting on the statement of the President of Ukraine in his briefing in Baku in the framework of the official visit to Azerbaijan. “One…

Russia: Turkey imports of wheat brans up

Russia continues to export high volumes of wheat brans. In May shipments of wheat brans from Russia were 69.15 KMT, which is 38.5% higher than in May 2015 (49.9 KMT). Since the beginning of the season Russian wheat bran exports are 12% higher than over the same period of 2014/2015 (717.2 KMT against 637.7 KMT…

Turkmenistan: acting head of oil and gas construction concern named

Deputy head of Turkmenistan’s “Turkmenneftegazstroy” state concern Atakuli Tatov has been appointed acting head of the concern, the decree signed by Turkmenistan’s President Gurbanguly Berdimuhamedov said. The subdivisions of the state concern are engaged in construction of oil and gas pipelines and development of oil and gas fields, reconstruction of oil processing facilities, as well…

Ukraine: Yuzhnoye Design Office looses $800 million following Brazil’s contract termination

Losses bourn by Ukraine because of the unilateral termination of the Cyclone-4 contract by Brazil can reach about $800 million, the press service of Yuzhnoye State Design Office has said. “According to preliminary estimates, Yuzhnoye Design Office losses could amount to roughly $800 million because of the unilateral contract termination by Brazil”, the report has…

Uzbekistan: deputy chairman of Central Bank chosen

Shokhrukh Shoakhmedov was appointed the deputy chairman of Uzbekistan’s Central Bank according to a decree of President Islam Karimov, the Central Bank said. Shoakhmedov was heading the Central Bank’s central administrative board in Tashkent. Uzbekistan’s Central Bank is tasked to regulate money circulation and activities of commercial banks in the country. Currently 26 banks operate…