Kazakhstan: New Uralsk – Frankfurt flight to be launched in June 2017

Kazakhstan’s flag carrier Air Astana has announced the launch of a new route between Uralsk and Frankfurt starting from June 14.

Flights will be operated once a week on comfortable Airbus-320.

Local authorities instructed local border service to improve the quality of service at the international terminal of Uralsk airport. (Kazinform/Business World Magazine)

Tajikistan: Communications Service building design wins 5-star Asia Pacific Property Award

Tajikistan’s Communications Service building design has won the five-star Asia Pacific Property Award 2017 for the Best Commercial High-rise Architecture. The building design has been worked out by the design office of Tajik Architects’ Union. The design authors are chief architect Bahrom Yusupov and architects K. Naimov, R. Sharipov and H. Ayubjonov. Yusupov says the…


Ukraine: deputy PM cuts growth forecast

Ukrainian Deputy Prime Minister Stepan Kubiv cut the government’s 2017 economic growth forecast to 1.8% from 3%, citing a trade blockade with separatist-held territories as one of the drivers for the revision. The new forecast is just below the central bank’s revised prediction of 1.9%. Kubiv said growth for 2018 would likely climb to 3%,…


Ukraine: exports up in Q1 2017

In January-March the exports of goods and services from Ukraine totaled $12.4 billion, up by 28% YoY, or by $2.7 billion, the Ministry of Economic Development and Trade of Ukraine reported. In particular, in the reporting period the exports of goods increased by 34.4%, or by $2.7 billion, and totaled $10.4 billion. Agricultural products and…


Tajikistan: IMF team welcomes recent efforts to unify the official and market exchange rates

An International Monetary Fund (IMF) mission, led by Paul Ross, visited Dushanbe on May 17-30 to conduct the 2017 Article IV consultation discussions. The team reportedly welcomed the authorities’ intention to resume discussions on a possible IMF program, and discussed steps that would demonstrate reform progress and pave the way to resume program negotiations. At…


Azerbaijan: AIIB ready to co-operate with private sector

The Asian Infrastructure Investment Bank (AIIB) will cooperate with the private sector in Azerbaijan, whenever possible, to invest in infrastructure projects which meet the bank’s mandate, strategy and standard, a source in AIIB reported. The source added that mobilizing private capital was one of AIIB’s priority. “AIIB is interested in financing infrastructure investment projects in…


Ukraine: DTEK Prydniprovska and DTEK Kryvorizka TPPs re-launch power units to shape up for summer peaks

DTEK Prydniprovska Thermal Power Plant re-connected one of its power units to the grid. DTEK Kryvorizka TPP reactivated its powers units earlier. Thus, the thermal power plants have confirmed their readiness to ensure stable operation of Ukraine’s energy system during summer peaks. This is the first unit reactivation since April when DTEK Prydniprovska and Kryvorizka…