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Author Archives: admin

Turkey completing construction of its BTK railway section

TurkeyBy admin2016-07-29Leave a comment

87% of the Baku-Tbilisi-Kars (BTK) railway has been constructed in Turkey, Ahmet Arslan, Turkish minister of transport, shipping and communications, said. “The BTK is being constructed on schedule”, the minister said, adding that two bridges were being built over the Kars river. The minister stressed that the BTK railway project was of particular importance for…

Uzbekistan: $1.8 billion of foreign investments used in H1 2016

UzbekistanBy admin2016-07-29Leave a comment

Uzbekistan used foreign investments and loans for $1.8 billion in the first half of 2016, up by 17.2% YoY, a publication of the Ministry of Economy and the State Statistics Committee of Uzbekistan said. About 23% of total sum of used investments in the first half of 2016 were foreign investments and loans, the publication…

Uzbekistan: share of small businesses in GDP up in H1 2016

UzbekistanBy admin2016-07-29Leave a comment

Share of small businesses in the gross domestic product of Uzbekistan grew from 44.7% in the first half of 2015 to 46% in the first half of 2016, a publication of the Ministry of Economy and the State Statistics Committee of Uzbekistan said. At the same time, share of the sector in industry rose from…

Uzbekistan: Qishloq Qurilish Bank’s assets reach 4.861 trillion soums in H1 2016

UzbekistanBy admin2016-07-29Leave a comment

Total sum of net assets of Qishloq Qurilish Bank reached 4.861 trillion soums as of June 30. In the result of the second quarter of 2016, total size of the bank’s capital reached 462.4 billion soums, the bank press release said. The credit investments of the bank made up 4.258 trillion soums, of which 203…

Azerbaijan: Qatar Airways flight from Tbilisi to Baku delayed for 8 hours

AzerbaijanBy admin2016-07-29Leave a comment

The Qatar Airways plane operating the flight from Tbilisi to Baku has been delayed for almost eight hours due to technical reasons, the Baku Heydar Aliyev International Airport said. The plane was due to take off from the Tbilisi International Airport at 13:40 (GMT+4 hours) and land at the Baku Heydar Aliyev International Airport at…

Tajikistan: Pakrut Gold Project production to start in August 2016

TajikistanBy admin2016-07-29Leave a comment

Production of gold at the Pakrut Gold Project is expected to start next month, according to the Ministry of Industry and New Technologies (MoINT). An official source at MoINT says the first samples of affinage gold were received at the Pakrut Gold Project in the autumn of 2015 and that was done for the purpose…

Azerbaijan: Shah Deniz field output up in H1 2016

AzerbaijanBy admin2016-07-29Leave a comment

The consortium of Azerbaijani Shah Deniz gas and condensate field development produced 5.4 billion cubic meters in the first half of the year, Natural Gas Europe reported citing Azerbaijani top energy official. That figure indicates a 3.8% growth YoY. Daily production hit a new record above 30 million cubic meters. The current output was on…

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