Ukraine’s Cabinet of Ministers has approved of the project on modernization and overhaul of the section 3,364.5-3,391.2 km of the Urengoy-Pomary-Uzhgorod gas pipeline. The corresponding decision is outlined in the Cabinet resolution No. 523-r dated July 22. The total cost of repairs of the section 26.7 km long was approved at 1.21 billion UAH, in…
DetailsTajikistan is seeking investors for resumption of operations at the debt-ridden and loss-making fertilizer plant, which is located in the southern province of Khatlon. Tajik Minister of Industry and New Technologies Shavkat Bobozoda noted that some Chinese and European companies had shown interest in TojikAzot, the fertilizer factory located in the Tajik southern city of…
DetailsThe World Bank issued a rating of countries on the volume of gross domestic product (GDP) based on purchasing power parity (PPP) for 2015. The rating includes 188 states. According to the rating of the World Bank, Uzbekistan was on the 61st place on the size of the GDP based on PPP with the $187.66…
DetailsUzbekistan commissioned 6 million square meters of habitations in January-June, a publication of the Ministry of Economy and the State Statistics Committee of Uzbekistan said. According to the publication, about 4.4 million square meters of habitations were commissioned in rural areas. About 856.7 km of water networks were also launched across Uzbekistan in the first…
DetailsThe World Bank published the rating of countries on number of populations in 2015. The rating includes 217 countries. According to the World Bank’s data, number of population of Uzbekistan made up 31.3 million people in 2015. In 2014, Uzbekistan also was on the 43rd place in the rating with the population of 30.74 million…
DetailsUzbekistan produced 2.3 trillion soums worth of goods within the program of localization of production of ready goods, spare parts and materials in the first half of 2016, a publication of the Ministry of Economy and State Statistics Committee of Uzbekistan said. From start of the year the country produced localized goods valued at 2.3…
Details87% of the Baku-Tbilisi-Kars (BTK) railway has been constructed in Turkey, Ahmet Arslan, Turkish minister of transport, shipping and communications, said. “The BTK is being constructed on schedule”, the minister said, adding that two bridges were being built over the Kars river. The minister stressed that the BTK railway project was of particular importance for…
DetailsUzbekistan used foreign investments and loans for $1.8 billion in the first half of 2016, up by 17.2% YoY, a publication of the Ministry of Economy and the State Statistics Committee of Uzbekistan said. About 23% of total sum of used investments in the first half of 2016 were foreign investments and loans, the publication…
DetailsShare of small businesses in the gross domestic product of Uzbekistan grew from 44.7% in the first half of 2015 to 46% in the first half of 2016, a publication of the Ministry of Economy and the State Statistics Committee of Uzbekistan said. At the same time, share of the sector in industry rose from…
DetailsTotal sum of net assets of Qishloq Qurilish Bank reached 4.861 trillion soums as of June 30. In the result of the second quarter of 2016, total size of the bank’s capital reached 462.4 billion soums, the bank press release said. The credit investments of the bank made up 4.258 trillion soums, of which 203…
DetailsThe Qatar Airways plane operating the flight from Tbilisi to Baku has been delayed for almost eight hours due to technical reasons, the Baku Heydar Aliyev International Airport said. The plane was due to take off from the Tbilisi International Airport at 13:40 (GMT+4 hours) and land at the Baku Heydar Aliyev International Airport at…
DetailsProduction of gold at the Pakrut Gold Project is expected to start next month, according to the Ministry of Industry and New Technologies (MoINT). An official source at MoINT says the first samples of affinage gold were received at the Pakrut Gold Project in the autumn of 2015 and that was done for the purpose…
DetailsThe consortium of Azerbaijani Shah Deniz gas and condensate field development produced 5.4 billion cubic meters in the first half of the year, Natural Gas Europe reported citing Azerbaijani top energy official. That figure indicates a 3.8% growth YoY. Daily production hit a new record above 30 million cubic meters. The current output was on…
DetailsOver the first six months of this year, gold mining companies operating in Tajikistan have produced 2,096 kilograms of gold, up by 2% YoY, Tajik Minister of Industry and New Technologies Shavkat Bobozoda said. According to him, most gold has been produced by Tajik-Chinese joint venture – Zeravshan Gold Company (ZGC). “ZGC has reportedly produced…
DetailsKyrgyzstan has received 5.9 billion soms in the form of tax duties from the EEU countries, Deputy Director of the Central Treasury of the Ministry of Finance Marlen Amandykov said. According to him, the republican budget received 5.1 billion soms from Russia, 345 million soms from Kazakhstan, 311 million soms from Belarus, and 40.9 million…
DetailsKyrgyzstan’s economic growth has decreased since the beginning of the year, Deputy Director of the Central Treasury of the Ministry of Finance Marlen Amandykov said. According to preliminary data, there was a negative GDP growth of 2.3%, which was below last year’s level by 9.1 percent. Nominal GDP amounted to 176 billion soms. The decline…
DetailsKazakh oil company KazMunaiGas Exploration Production (KMG EP) produced 6.08 million tons of oil in H1 of 2016 including its stakes in subsidiaries and joint ventures, up by 0.7% YoY. KMG EP’s subsidiary Ozenmunaigas (OMG) produced 2.78 million tons, up by 2%, KMG EP’s subsidiary Embamunaigas (EMG) produced 1.41 million tons, also up by 2%…
DetailsJSC National Agency for Export and Investments Kaznex Invest which is a part of the Kazakh Investments and Development Ministry has accredited its representative office in Istanbul. Nuriddin Amankul has been appointed Chief of the representative office. As the press service of the Kazakh Embassy in Turkey said, Ambassador Zhansseit Tuimebayev met with N. Amankul…
DetailsMany oil producing companies working in Kazakhstan observed negative financial result in 2015, according to Vice Minister of Energy Asset Magauov. As per an analysis, 36 companies out of 61 had a negative financial result, he noted. As the Vice Minister noted, drill footage dropped from 2,500 running meters to 1,500 running meters in 2015.…
DetailsJV MAN Auto Uzbekistan, an Uzbek-German joint venture, will launch production of cabs for supersize MAN trucks in Samarkand region in September. The project on localization of production of cabins is realized in cooperation with MAN Truck&Bus Group (Germany). The capacities of JV MAN Auto Uzbekistan on production of cabins for MAN trucks will be…
DetailsJizzakh cement plant completed implementation of the project on expansion of its production capacities up to 1 million tons a year. The project cost is $35.8 million. Dal Teknik Makina Ticaret ve Sanayi A.S. (Turkey) participated in the project implementation. It was financed through resources of the Fund for reconstruction and development of Uzbekistan in…
DetailsThe volume of trade turnover between Iran and Azerbaijan is estimated to surge by at least 80% over the current Iranian year (to end March 21), an Iranian trade official said. Considering the close diplomatic ties between Tehran and Baku and the existing plans for cooperation between the two neighboring countries, the level of trade…
DetailsThe European Commission will allocate 3.5 million euros of financial aid for the project for construction of TANAP via which Azerbaijani gas will be delivered to Turkey and then to Europe, said the message from TANAP. These funds will be used to support commercial activities and the integrated facility management system. “The European Commission considered…
DetailsThe Indian company Bravo Pharma expressed the intention of cooperation with Inha University in Tashkent (IUT) in the introduction of innovative solutions in healthcare. On July 22, Bravo Pharma delegation headed by Director General Rakesh Pandey held talks with the heads of the university. During the meeting, Rakesh Pandey said about the company’s activities, including…
DetailsMore effort should be made to develop the international transport corridors in Eurasia, Ambassador Extraordinary and Plenipotentiary of Belarus to Tajikistan Oleg Ivanov said in his speech at a conference on the role of transport and transit corridors in ensuring sustainable development, the press service of the Belarusian Ministry of Foreign Affairs reported. “Oleg Ivanov…
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