Uzbekistan: new contract for electricity supply to be signed with Afghanistan

Mutually beneficial cooperation between Uzbekistan and Afghanistan in electricity supply plays an important role in the development of bilateral relations. Uzbekistan and Afghanistan plan to have signed a 10-year contract for the electricity supply on “take-or-pay” terms by the end of October. A take-or-pay contract is a rule structuring negotiations between companies and their suppliers.…

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Armenia: exports up in May 2019

According to the National Statistical Service of Armenia, Armenia recorded a 11.7% growth of exports of goods in May 2019 against May 2018. Some types of the goods recorded double-digit rise of export in May 2019 against May 2018, as well as in the January-May of this year against the same period of 2018. Some…

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Azerbaijan: average monthly salary in Baku up in January-April 2019

In January-April the average monthly salary in Baku increased by 3.9% YoY and amounted to 820 manats, the Baku city Statistical Department reported. The employees of enterprises and organizations engaged in industrial, financial and insurance, professional, scientific and technical spheres, as well as ICT and construction sectors had the biggest average monthly salaries. The employees…

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Tajikistan: EBRD president discusses private sector development

Suma Chakrabarti, President of the European Bank for Reconstruction and Development (EBRD), held a meeting on July 1 on private sector development issues and regional integration with heads of ministries, departments, private sector representatives, and entrepreneurs of Tajikistan. Davlatali Said, First Deputy Prime Minister, noted that Tajikistan considered the EBRD to be one of the…

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