Kyrgyzstan: trade turnover with Uzbekistan up in Q1 2017

The trade turnover between Kyrgyzstan and Uzbekistan increased 1.8-fold YoY in the first quarter of 2017, Prime Minister of the Kyrgyz Republic Sooronbai Jeenbekov said at a meeting of the intergovernmental commission for bilateral cooperation, delimitation and demarcation of the border. According to him, Kyrgyzstan is ready to import from Uzbekistan mineral resources, cotton raw…

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Ukraine: development of industry’s potential to promote economic growth

Prime Minister of Ukraine Volodymyr Groysman says that the development of industry’s potential is the basis for Ukraine’s economic growth. Groysman also noted ArcelorMittal Company as an example of large-scale infrastructure development. “At Yuzhny seaport, ArcelorMittal opened a new transshipment complex for blue re-bar. Due to record short construction terms and attracted $4.5 million in…

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Turkmenistan: maritime infrastructure development intensified

Construction of a new international seaport is underway in the Caspian city of Turkmenbashi. The project aimed at the development of port infrastructure envisages construction of car and passenger terminals, as well as container, loading, polypropylene terminals and other facilities developed in accordance with the environmental safety requirements of GreenPort international standard. Once the seaport…

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Azerbaijan: economy to grow in 2018

World Bank (WB) forecasts the grow of 0.5% to 1% of the Azerbaijan’s economy in 2018, head of the bank’s Baku office Naveed Hassan Naqvi said. This year, Azerbaijan’s economy will probably contract by 1-1.5%, he said. “Unfortunately, Azerbaijan is overly dependent on oil,” he noted. “Nonetheless, oil prices decline and subsequent devaluation of the…

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Turkmenistan: pricing policy improving

The issues of improving the pricing policy in Turkmenistan were discussed at the meeting of the country’s Cabinet of Ministers. Turkmenistan’s Deputy Prime Minister Bashim Khojamammadov said at the meeting that it was envisaged to entrust several structures with the compilation of price digests for the respective types of goods in this sphere. Moreover, an…

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