Azerbaijan: small and medium enterprises to be developed with Turkey

The Entrepreneurship Development Fund under the Azerbaijani Ministry of Economy and the Turkish Small and Medium Enterprises Development Organization have signed a memorandum on cooperation and exchange of experience in the field of entrepreneurship. The document was signed at the conference entitled “Concessional financial state support in the development of innovative entrepreneurship” held in Baku.…

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Estonia: retail turnover up in June 2019

According to information released by Statistics Estonia, the turnover of retail trade enterprises in June increased by 3% YoY at constant prices, to EUR 635 million. The turnover of stores selling manufactured goods increased by 4%. Turnover increased in five and decreased in two economic activities. Turnover increased the most in stores selling textiles, clothing…

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Ukraine: state debt up in June 2019

As of June 30 Ukraine’s state and government-guaranteed debt amounted to $80.35 billion, or UAH 2,102.41 billion, the Finance Ministry has reported. “As of June 30 the state and government-guaranteed debt of Ukraine amounted to UAH 2,102.41 billion or $80.35 billion, including the state and government-guaranteed external debt in the amount of UAH 1,309.33 billion…

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Azerbaijan: electricity exports up in H1 2019

Azerbaijan exported 1.2 billion kilowatt-hour of electricity in January-June in comparison with 1.1 billion kilowatt-hour in the same period of 2018, the State Customs Committee reported. The cost of electricity exported during the mentioned period amounted to $51.9 million compared to $54.6 million. The main producer of electricity in Azerbaijan is Azerenergy. The capacity of…

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Ukraine: new Vilkha-M MLR system tested

Ukraine has tested the Vilkha-M (“Alder”) multiple launch rocket system, a high-precision upgrade of the Vilkha complex, which in turn is a deeply modernized version of the Soviet “Smerch”. “Another stage of factory tests of the Vilkha-M high-precision MLR system took place on July 24. During the tests, more tasks for checking and improving a…

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Azerbaijan: WB implementing self-employment program

The World Bank’s “Azerbaijan Employment Support Project” will help expand the self-employment program, according to the statement made in the Azerbaijani Ministry of Labor and Social Protection of Population during a meeting with the preliminary assessment mission on the WB’s “Azerbaijan Employment Support Project”. Attracting the unemployed to self-employment will provide them with access to…

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Turkmenistan: pharmaceuticals sector cooperation mulled with Belarus

Ashgabat hosted a meeting of Belarus Deputy Minister of Healthcare Natalia Zhukova with Minister of Healthcare and Medical Industry of Turkmenistan Nurmuhammed Amannepesov. The parties discussed the prospects for the development of cooperation in the field of healthcare, as well as in the medical and pharmaceutical industries. The most important direction is the purchase of…

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Ukraine: agricultural exports up in H1 2019

In January-June exports of Ukrainian agricultural products amounted to $10.3 billion, up by 18.6% YoY or by $1.6 billion, according to Acting Agrarian Policy and Food Minister of Ukraine Olha Trofimtseva. “The foreign trade turnover of agricultural products reached $13.1 billion, or 25.1% of Ukraine’s total foreign trade turnover,” she said. Ukraine continues to increase…

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