The International Monetary Fund (IMF) has improved the inflation outlook in Azerbaijan for 2016 and 2017 to 10.2% and 8.5%, respectively, the fund’s report said. Earlier in April, the IMF expected inflation in Azerbaijan at the level of 12.8% for 2016 and at 9.5% for 2017. The IMF also expects inflation in Azerbaijan to decline…Details
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The International Monetary Fund (IMF) can help Azerbaijan primarily by working with the authorities to enhance macroeconomic policies and frameworks and strengthen institutions – key ingredients in the reform process, Mohammed El Qorchi, IMF mission chief for Azerbaijan, said. “The shift to a new economic model, one based more on non-oil private sector growth, will…Details
The European Bank for Reconstruction & Development’s (EBRD) Board of Directors has adopted a decision on raising the bank’s stake in the equity capital of Holcim OJSC in Azerbaijan (formerly Garadagh Cement Plant) to 20%, according to the bank’s message. This move was made to continue supporting the company to improve energy efficiency through the…Details
The United Kingdom will provide assistance to Ukraine in reforming the customs sector and the judicial system. “We’ve agreed that the UK will consistently assist us in the reform of our customs system and the introduction of a parliamentary system of transparency”, Ukraine’s Foreign Minister Pavlo Klimkin said. UK Secretary of State for Foreign and…Details
Belarus might become a platform for strengthening the cooperation between the European Union and the Eurasian Economic Union (EEU), German political scientist Alexander Rahr said. “Everyone understands that it is necessary to find some form of cooperation, deeper cooperation, between the European Union and the Eurasian Economic Union. Many in Germany think that Belarus is…Details
Ambassador Extraordinary and Plenipotentiary of Belarus to Cuba Alexander Aleksandrov and Cuban Minister of Heavy Industries Salvador Pardo Cruz discussed the deliveries of Belarusian machine-tool equipment to Cuba, the press service of the Foreign Ministry of Belarus reported. “During the meeting, the parties discussed topical issues of cooperation between the two countries in the field…Details
As of September 15, agricultural organizations of Belarus harvested 306.1 thousand tons of rapeseed with the average yield of 1.57 ton/ha. The harvested areas reached almost 195 thousand ha of the oilseed (92.4% of the plan). In addition, agrarians planted winter crops throughout 476.3 thousand ha, or 35.4% of the plan. (APK-Inform/Business World Magazine)Details