Uzbekistan: GDP up in H1 2016

Gross domestic product (GDP) of Uzbekistan grew by 7.8% in January-June, the session of the Cabinet of Ministers said on July 15. Industrial production in Uzbekistan rose by 6.7% in the first half of 2016, agriculture output by 6.8%, services by 12.9% and construction works by 17.5%. State budget was executed with 0.1% surplus to…


Tajikistan investment portfolio includes 70 projects totaling $2.84 billion

Tajikistan’s investment portfolio now includes 70 projects totaling 22.3 billion somoni (equivalent to $2.84 billion), according to the State Committee on Investments and State-owned Property Management (GosKomInvest). Tajikistan’s investment portfolio, in particular, includes 31 grant-based projects, 18 loan-based projects and 21 mixed-finance projects. Total volume of grant financing has reportedly amounted to 9.8 billion somoni…


Tajikistan: external factors to impact economy until 2019

The Institute of Economics and Demography at the Academy of Sciences of Tajikistan predicts that external factors will impact Tajikistan’s economy until 2019. “According to forecasts of the Academy of Sciences of Tajikistan, the external factors will continue to affect the country’s economy in 2018-2019”, Lutfullo Saidmurodov, Director of the Institute of Economics and Demography,…


Tajikistan: construction of municipal vehicles assembly plant to start in Dushanbe

Construction of a joint Russian-Tajik enterprise for assembling Russian-made municipal vehicles will start in Dushanbe in the near future, Ravshan Tuichizoda, the deputy director-general of the State Unitary Enterprise “Khojagii Manziliyu Kommunali” (the central governmental agency responsible for water supply and wastewater services), said. According to him, specialists from the Gorky Automobile Plant (GAZ) developed…


Belarus to sell tractors to Burkina Faso

Belarus and Burkina Faso intend to sign a contract for the delivery of 500 Belarusian tractors to the Burkina Faso market, Deputy Chairman of the Belarusian Chamber of Commerce and Industry Vladimir Ulakhovich said. “Belarus-Burkina Faso trade is not so large. It is generally dominated by our agricultural mechanical engineering industry products. A large contract…


Russia: Mi-38 multirole choppers catch contractors’ eye at Farnborough

Russian-made Mi-38 multirole civil helicopters attracted the attention of foreign buyers at Farnborough Airshow in the United Kingdom, the manufacturer said. Farnborough International Airshow runs in Hampshire, England from Monday through Sunday. It is expected to draw thousands of trade visitors. In 2014, it brought $204 billion worth of confirmed orders. “The Mi-38 multirole helicopter…


Ukraine: gas imports from Hungary up

Ukraine has increased gas imports from Hungary by 60%, to 1.6 million cubic meters per day, according to Ukraine’s gas transmission system operator Ukrtransgaz.

Ukraine will be able to use money allocated by the European Bank for Reconstruction and Development (EBRD) to purchase gas starting from July 20. (Ukrinform/Business World Magazine)

Ukraine: UkrOboronProm provides work for 300 enterprises

SC “UkrOboronProm” encourages development of engineering industry enterprises in Ukraine. In the first half of 2016, the number of working plants in this sector increased rapidly, as the State Concern attracted 296 domestic enterprises to import substitution program fulfillment. This is the result of the Memorandums of Cooperation signed by UkrOboronProm and Regional State Administrations.…


Ukraine and Azerbaijan agree to resume Odessa-Brody pipeline project

Presidents of Azerbaijan and Ukraine Ilkham Aliyev and Pyotr Poroshenko have discussed potential resumption of works within the Odessa-Brody pipeline project, Aliyev said at a joint press conference with Poroshenko. “We’ve discussed the Odessa-Brody project and gave instructions to resume the project”, he said, adding that the project “is creating good opportunities.” The Odessa-Brody pipeline…