Kazakhstan: export of industrial products up in H1 2017

During the recent party hearings on the implementation of the State Program for Industrial and Innovative Development, the Investment and Development Minister of Kazakhstan Zhenis Kasymbek summarized the activities of the State program of industrial-innovative development. “To date, Kazakhstan not only provides the country with domestic products, but also enters foreign markets. The volume of…

Estonia: Ratas and Sefcovic meet to discuss energy issues

Prime Minister Juri Ratas (Center) met with Vice-President of the European Commission Maros Sefcovic to discuss energy infrastructure projects, the Clean Energy package and other energy sector-related matters. Ratas and Sefcovic opened the meeting by discussing the synchronization of Baltic power systems with Poland and Europe. “The synchronization of Baltic power systems needs to meet…

Kazakhstan: grain exports to Norway to be resumed

According to the Minister of Investments and Development of Kazakhstan Zhenis Kassymbek, Kazakhstan will resume grain supplies to Norway. Speaking at the plenary session of Mazhilis, Kassymbek noted that even though the trade turnover between the two countries was low right now, there was a 53% increase in automobile transportation and the ministry saw prospects…

Latvia: transport planning in Riga not reflecting region’s scale

Road Transport Administration plans to speak with Riga and Pieriga administrations about the fractured public transport system in the region, says the administration’s chairman Kristians Godins. Organization for Economic Co-operation and Development has concluded that transport planning in Riga and its region is fragmented and does not reflect Riga region’s scale. OECD believes coordination among…

Kazakhstan: economy grows by 4.3%

The economic growth in Kazakhstan has amounted to 4.3% since the beginning of this year, the First Vice-Minister of the National Economy of Kazakhstan Ruslan Dalenov said on September 19 during a government meeting. “After the slight slowdown of 4% in July, the economic growth accelerated to 4.3% during the eight months of this year,…

Azerbaijan: new artillery guns purchased

Azerbaijan has purchased new artillery guns from the Czech Republic. The DANA self-propelled artillery guns of the Czech production have been delivered to Azerbaijan and are being used in large-scale exercises involving various branches of Azerbaijani Armed Forces, the Defense Ministry reported on September 18. First introduced in 1977, DANA systems have a firing range…

Uzbekistan: new requirements set for local banks

Minimum authorized capital for each newly established commercial bank in Uzbekistan will be 100 billion soums starting from October 1. According to the decree of the country’s President Shavkat Mirziyoyev “On measures to further develop and improve stability of Uzbek banking system”, the banks operating in Uzbekistan must bring their authorized capital, if necessary, to…