Kazakhstan: Nazarbayev and Bozumbayev discuss expansion of production capacities of Tengiz field

Head of State Nursultan Nazarbayev held a meeting with Minister of Energy Kanat Bozumbayev. Bozumbayev informed the President of the key indicators of development of oil and gas, petrochemical and energy sectors and about the plans on the work for the nearest future. Besides, the interlocutors discussed the progress in implementation of big investment projects…

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Uzbekistan: Uzpromstroybank allocates 571 billion soums of loans to entrepreneurs

Joint-stock commercial bank “Uzpromstroybank” is one of the largest financial institutions of the Republic. The bank serves more than one million legal entities and individuals, providing them with various types of banking services. The bank also pays significant attention to the financial support of small business and private entrepreneurship entities. Over the first half of…

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Uzbekistan considering trade-economic relations with France

On August 11, Ambassador Extraordinary and Plenipotentiary of France to the Republic of Uzbekistan Jacques-Henri Heuls paid a visit to the Ministry of Foreign Economic Relations, Investment and Trade of Uzbekistan. During the meeting the parties discussed current issues and prospects of bilateral trade-economic and investment cooperation between two countries. Furthermore the outcomes of the…

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Tajikistan: Transport Ministry to get local companies to participate in implementation of investment projects

The Minister of Transport Sherali Ganjalzoda held a working meeting to discuss the progress of implementation of the national investment transportation development projects. According to the Ministry of Transport press center, the minister expressed dissatisfaction with the slow pace of implementation of the projects. The minister reportedly ordered contractors and consultants to remove exiting shortcomings…

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Uzbekistan: S&P affirms Turonbank’s rating with stable outlook

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…

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Kazakhstan: new gas chemical complex to be built

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…

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Tajikistan: high-level conference on the Nurek HPP modernization project held in Dushanbe

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…

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Azerbaijan: Bulgarian energy and economy ministers to visit Baku

Bulgaria’s Energy Minister Temenuzhka Petkova and Economy Minister Bojidar Loukarsky will visit Baku on September 29-30, to take part in the 4th session of the intergovernmental economic cooperation commission. An Azerbaijani-Bulgarian business forum will also be held during the ministers’ visit. The Bulgarian delegation will include entrepreneurs working in the spheres of energy, refining, construction,…

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Belarus: stepwise action to create single pharmaceutical market in EEU suggested

Belarus suggests taking stepwise action to create the single pharmaceutical market in the Eurasian Economic Union, Belarus’ Prime Minister Andrei Kobyakov said when speaking at an expanded-participation meeting of the Eurasian Intergovernmental Council in Sochi. Andrei Kobyakov noted that Belarus was concerned with the lack of progress in the development of the single internal market…

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Belarus to invest into Cherepovets-based machine-building cluster

As much as 750 million Russian rubles (RUB) will be poured into the Russian-Belarusian machine-building cluster based in Russia’s Cherepovets in the next decade, reads a message posted on the official web site of the governor of Russia’s Vologda Region. The regional government of Russia’s Vologda Region, Cherepovets Mayor’s Office, Cherepovets Castings Factory, Minsk Automobile…

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