Ukraine: gravel output up in May 2016

The volume of gravel extraction increased by 3.7% YoY in May. In accordance with the State Committee of Statistics of Ukraine, the gravel extraction in the country went up by 3.7% YoY, to 5.6 million tons in May. The index increased by 3.1% MoM. The index seasonal growth was also fixed by 2.6% to 11,03…

Azerbaijan achieves significant progress in financial transparency

Azerbaijan has made significant progress in financial transparency, said the report of the US Department of State. “Azerbaijan made significant progress during the review period by publishing more detail on planned expenditures, including allocations to state-owned enterprises”, said the 2016 Fiscal Transparency Report. Fiscal Transparency Report describes the minimum requirements of fiscal transparency developed, updated,…

Uzbekistan: Tarraqiyot street to be launched in August

Reconstruction of overpass, passing Tarraqiyot street, will be completed soon in Tashkent, Uzbekistan Temir Yollari (Uzbekistan Railways) said in a statement. The company said that soon new overpass would be commissioned for exploitation. Uzbek company underlined that reconstruction of the road overpass, passing Taraqqiyot street, would be completed soon and the movement would be opened…

Azerbaijan: Moody’s confirms issuer rating

The international ratings agency Moody’s Investors Service has confirmed Azerbaijan’s long-term issuer and senior unsecured debt ratings at Ba1 and assigned a negative outlook. Azerbaijan’s rating was changed in February, and the outlook on it was changed to “negative” in April. Earlier, the international ratings agency Fitch Ratings also approved of the long-term issuer default…