Ganja Automobile Plant has signed a contract with Russia’s KAMAZ automobile plant for the supply of a major cargo of spare parts for vehicles. The contract was signed for the supply of spare parts worth 400 million rubles (about 10.68 million manats). The KAMAZ carmaker has 11 major automotive factories and auxiliary cycle divisions. KAMAZ…Details
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Prime Minister Volodymyr Groysman has said that there are no reasons for raising gas prices for the population this autumn. “Naftogaz is pumping gas at current prices. These are the lowest prices, so they cannot be raised, since gas reserves in storages at the beginning of the heating season will be set at 20 billion…Details
In Ukraine UAH 8 billion was invested in energy saving measures in the period from the end of 2014 to 2019, Chairman of the State Agency for Energy Efficiency and Energy Saving Serhiy Savchuk said at a press conference. “From the end of 2014 to 2019, the warm loan program has allowed investing UAH 8…Details
Inflation was 2.4% YoY to June 2019, Statistics Estonia reports. Services saw a higher Consumer Price Index (CPI) rise than goods, 3.5%, compared with 1.8%. Regulated prices of goods and services rose by 0.8% and non-regulated prices by 2.9%. CPI rises were affected the most by food and non-alcoholic beverages, which comprised nearly 30% of…Details
Mutually beneficial cooperation between Uzbekistan and Afghanistan in electricity supply plays an important role in the development of bilateral relations. Uzbekistan and Afghanistan plan to have signed a 10-year contract for the electricity supply on “take-or-pay” terms by the end of October. A take-or-pay contract is a rule structuring negotiations between companies and their suppliers.…Details
Construction of a 50 MW solar power station has started in Sozak region of Turkestan region with support of Kazakh Invest National Company JSC. The region’s biggest solar plant is expected to generate 114 million kW annually, Kazakh Invest reports. Foreign investor, Risen Energy, participates in the implementation of the project worth $60 million. Construction…Details
The National Bank of Ukraine (NBU) has registered a new domestic payment system, the central bank’s press service has reported. “The National Bank of Ukraine agreed the rules and registered the domestic payment system Lime Money,” the report says. The payment organization of the domestic payment system Lime Money is Smart Finexpert LLC (Mykolaiv). Lime…Details