Gas stocks in Ukraine’s underground storage facilities declined by 25% or 3.677 billion cubic meters to 11.055 billion cubic meters since October 13, 2016 when the current heating season began, through January 14. Ukraine withdrew 52.84 million cubic meters from underground storage on January 14, and a total of 930.98 cubic meters on January 1…Details
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The President of Uzbekistan Shavkat Mirziyoev had marked the main task of 2017 during his speech at the Cabinet of Ministers’ expanded session. “We have to ensure the export of products in the amount of $10.8 billion”, said the head of state and defined the tasks needed to be solved. The first task – within…Details
Amendments to the Tax Code of Kyrgyzstan, aimed at developing production of perfumes and cosmetic products, were submitted to Parliament for consideration. The deputies note that a lot of herbs and plants, which are used in perfumery and are of very good quality as they are growing in the mountains, clean area, grow in the…Details
Central Asia’s biggest industrial complex with an annual capacity of 1.4 million tons of potash fertilizer is being built in an area exceeding one hundred hectares in Turkmenistan’s Lebap Province. The ore-dressing and processing enterprise will be put into operation in late March. Currently, preparation is being carried out in the industrial area to launch…Details
GDP growth rate in Turkmenistan was maintained at 6.2% in 2016, the country’s Ministry of Economy and Development said. The growth rate has increased by 1.2% in the industrial sector, by 4.4% in construction, by 10.5% in transportation and communication sector, by 14.3% in trade, by 11.6% in agriculture and by 10% in the sphere…Details
Ukraine: Naftogaz signs contract with Covington & Burling to accompany Crimea loss lawsuit against Russia
National joint-stock company Naftogaz Ukrainy on January 11, signed a contract valued at $6.31 million with Covington & Burling LLP (New York, the United States). The company will represent the interest of the Ukrainian company in arbitration against Russia under a claim to refund losses over the annexation of Crimea by Russia. Naftogaz said in…Details
Kazakhstan’s trade turnover with the Eurasian Economic Union (EAEU) amounted to $11.95 billion in January-November 2016, down by 21.1% YoY, Kazakh Statistics Committee said. Kazakhstan’s exports to fellow EAEU countries decreased by 26.8% to $3.48 billion in this period, while imports were down by 18.5% hitting $8.47 billion, said the committee. A lion’s share –…Details