On March 17, President Shavkat Mirziyoyev signed the resolution ‘On additional favorable conditions for entrepreneurial activity in Karakalpakstan and Khorezm regions’. The resolution aims at boosting economy, supporting entrepreneurs, nudging exports, and implementing investment projects in the two regions. Legal entities registered and doing business in Karakalpakstan and Khorezm are exempt from compulsory sale of…
DetailsConstruction of two pedestrian overpasses in Bishkek was estimated at 37,99.5 million soms, State procurement portal reported. Pedestrian overpasses are planned to be built on Shabdan Baatyr (nearby Madina market) and Kurmanjan Datka Streets (Alamedin complex). Funds for construction are allocated from the city budget. Each of the overpasses will cost more than 18 million.…
DetailsHousing construction considerably increased in Kazakhstan in 2016. As much as 89,400 new apartments were built in the country in the past year. It is the highest level in all the 25 years of Kazakhstan’s independence. The previous highest rate in housing construction was recorded in 1991, when 84,500 apartments were built in Kazakhstan. The…
DetailsKyiv’s district administrative court has declared unlawful the decision of Ukraine’s Cabinet of Ministers not to allow Yuzgaz B.V. (the Netherlands) to participate in the product sharing agreement (PSA) on the Yuzivska field (Kharkiv and Donetsk regions) and obliged the government to resume the consideration of the company’s application. The court ruling was published in…
DetailsFirst Ukrainian International Bank (FUIB) finished 2016 with a net profit of 367 million UAH. At the same time, bank’s operating profit amounted to 1.8 billion UAH. The bank reduced allocations to reserves more than 3.5-fold, from 4.8 billion UAH in 2015 to 1.3 billion UAH in 2016. According to the results of 2016, FUIB’s…
DetailsThe share of tractors made by the Belarusian company MTZ in the total number of tractors in use in Russia is close to 85%, according to the MTZ site. Belarusian tractors remain leaders on the markets of Russia and Kazakhstan. It was confirmed by the figures voiced by representatives of MTZ trading houses during a…
DetailsThe 5th session of the Subcommittee on Trade and Economic Cooperation of the Uzbek-Chinese Intergovernmental Cooperation Committee took place in Tashkent. The meeting was chaired by the Vice Minister of Commerce of China Fang Aiqing and Minister of Foreign Economic Relations, Investments and Trade of the Republic of Uzbekistan Elyor Ganiev. The session also involved…
DetailsBishkek’s Heating and Power Plant will burn more coal after its modernization, the State Committee of Industry, Energy and Subsoil Use informed in the report on the results of the heating season. Kyrgyzstan’s power engineers are already preparing a draft resolution for preparation for the heating season-2017/2018. In total in the republic it is necessary…
DetailsKyrgyzstan will be able to negotiate directly with Russian defense enterprises on the supply of arms, the presidential aide on the military-technical cooperation Vladimir Kozhin said. According to him, both countries plan to sign an agreement on the development of military-technical cooperation within the framework of the Collective Security Treaty Organization (CSTO). Russia has already…
DetailsTurkmenistan’s President Gurbanguly Berdimuhamedov at a meeting of the Cabinet of Ministers recalled that he had earlier given instructions concerning the development of local airlines, the Turkmen government said in a message. He expressed dissatisfaction with the management of Turkmenistan Airlines in meeting the needs of the country’s population in air transportation and noted that…
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