Azerbaijan: funding approved for construction of road in Agsu

Azerbaijani President Ilham Aliyev has signed an order to provide funding for the construction of Chaparli-Kandoba-Jalayir road.

Under the presidential order, 5.8 million manats is allocated from the state budget for the construction of the road connecting eight residential areas with a total population of 8,000 people. (AzerNews/Business World Magazine)

Ukraine: NBU buys $44 million

The National Bank of Ukraine (NBU) at the foreign exchange auction on August 17 bought $44 million, according to the press service of the central bank. As a result of the auction, the minimum exchange rate of hryvnia was UAH 25.5 per U.S. dollar, the maximum – UAH 25.5195 per U.S. dollar, and the average…


Turkmenistan stands for sustainable and equitable access to energy resources

One of the main directions of Turkmenistan’s foreign policy strategy is cooperation in the energy sector, ensuring sustainable and equitable access to energy resources. Turkmenistan will strictly and unswervingly implement the provisions of relevant resolutions of the UN General Assembly aimed at ensuring reliable and stable energy supply, and, to this end, the country reaffirms…


Kyrgyzstan: trade turnover with Uzbekistan up in Q1 2017

The trade turnover between Kyrgyzstan and Uzbekistan increased 1.8-fold YoY in the first quarter of 2017, Prime Minister of the Kyrgyz Republic Sooronbai Jeenbekov said at a meeting of the intergovernmental commission for bilateral cooperation, delimitation and demarcation of the border. According to him, Kyrgyzstan is ready to import from Uzbekistan mineral resources, cotton raw…


Ukraine: development of industry’s potential to promote economic growth

Prime Minister of Ukraine Volodymyr Groysman says that the development of industry’s potential is the basis for Ukraine’s economic growth. Groysman also noted ArcelorMittal Company as an example of large-scale infrastructure development. “At Yuzhny seaport, ArcelorMittal opened a new transshipment complex for blue re-bar. Due to record short construction terms and attracted $4.5 million in…


Turkmenistan: maritime infrastructure development intensified

Construction of a new international seaport is underway in the Caspian city of Turkmenbashi. The project aimed at the development of port infrastructure envisages construction of car and passenger terminals, as well as container, loading, polypropylene terminals and other facilities developed in accordance with the environmental safety requirements of GreenPort international standard. Once the seaport…