An article “Tajikistan: Retailers Face Giant Bank Card Fines” that was posted on EurasiaNet.org’swebsite on July 4, notes that Tajikistan’s banking regulators are forcing retailers and restaurants to accept payment by bank card against the threat of fines of up to $1 thousand in the latest wheeze to compensate for the lack of cash in…Details
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Indian pharmaceutical company Bravo Pharmaceuticals Pvt. Ltd. Started construction of the plant on production of ready medicaments at the special industrial-economic zone “Navoi”. Bravo Pharmaceuticals, registered at SIEZ Navoi, will produce medical products in line with the WHO EU GMP standard. The project cost is about $2.6 million. The project will provide jobs for 100…Details
Investment of Nibulon into the launch of a river-handling terminal near Voznesensk (Mykolaiv region) totaled 450 million UAH. “The cost of the high-tech terminal located on 12.5 ha was some 450 million UAH”, the company said. The terminal can store 76 thousand tons of grain, the daily capacity of dryers is 4 thousand tons, and…Details
On July 4, a medium launch vehicle Soyuz-FG integrated with the first new-series manned transportation spacecraft Soyuz MS was rolled out of the processing facility and erected on the launch pad of Area 1 (“Gagarin’s launch pad”) of the Baikonur cosmodrome. Specialists of RSC Energia and other organizations involved in the preparations for launch are…Details
Kyrgyzstan’s state debt has reached nearly $4 billion, the website of the Ministry of Finance reported. As of May 31, the size of the public debt of the Kyrgyz Republic was formed in the amount of $3 billion 944 million or 269 billion 426.74 million soms. Of these foreign debt is $3 billion 698.23 million…Details
Tengizchevroil LLP (TCO) announced it had received approval from its partners on the final investment decision for the Future Growth Project and Wellhead Pressure Management Project (FGP-WPMP), the next expansion of the Tengiz oil field in western Kazakhstan, said TCO. FGP-WPMP is currently estimated to cost $36.8 billion, which includes contingency and escalation, said the…Details
Kazakhstan’s foreign trade turnover amounted to $18.23 billion in January-April 2016, down by 29.8% YoY. Mutual trade with countries of the Eurasian Economic Union (EEU) dropped 1.4 times, to $3.62 billion during the period. Kazakh export, where 72% accounted for fuel and energy products, decreased by 31.2%, to $11.03 billion in January-April. The country’s export…Details