Azerbaijan’s GDP amounted to almost 32.12 billion manats in January-July 2016, down by 3% YoY, according to a report of the State Statistics Committee. The report says that the main reason of the Azerbaijani economy’s reduction is the 30.7% decline in volumes of production and services in the construction sector. Over the seven months of…Details
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Tajik private airline, Somon Air, announces the launch of new air routes to the Russian Federation. Somon Air has launched air routes from Dushanbe to Novosibirsk and Sochi. Somon Air will fly to Novosibirsk once a week, on Wednesday. Flights to Sochi will also be operated once a week, on Thursdays. The first flight to…Details
Measures undertaken in the country to strengthen the financial stability of commercial banks have a positive effect on their assessment by international rating agencies in terms of creditworthiness. In particular, the implementation of effective banking supervision on the basis of international standards, constant monitoring of quality of assets and liquidity of banks have allowed domestic…Details
Joint Stock Commercial Bank “Qishloq Qurilish Bank” is actively working to attract free money resources of the population to deposits. On the eve of the 25th anniversary of the state independence of the Republic of Uzbekistan, the bank has developed two new attractive deposits – “Mustaqil yurtim” in the national currency and “Comfort” in foreign.…Details
Turkmenistan attaches great importance to the creation of joint-stock companies as part of the comprehensive measures carried out in the country for transition to the market economy. A total of 242 joint-stock companies were registered in the country as of January 1, up by 17 companies compared with 2014, according to the statistical reports. Only…Details
Kazakh United Chemical Company will build integrated gas chemical complex in Atyrau region, Kazakh Wealth Fund Samruk-Kazyna reported. The complex will process gas from Tengiz field and produce polyethylene, which is widely used in construction, medicine, engineering, the packaging industry, household goods manufacture, etc. The project will cost $2.6 billion, Samruk-Kazyna plans to attract debt…Details
A high-level conference on the Nurek HPP modernization project took place in Dushanbe on August 12. The conference reportedly focused on issues related to coordination of activities of partners on attraction of investments for modernization of the Nurek hydroelectric power plant (HPP). The conference participants included Tajik Prime Minister Qohir Rasoulzoda, First Deputy Prime Minister…Details