Azerbaijan: ADB postpones loan allocation for North-South project

The Asian Development Bank (ADB) has postponed the consideration of allocating a $200 million loan for implementation of the International North-South Transportation Corridor project, as well as for development of Azerbaijan’s railway sector, till the next year, said an ADB message. Earlier, the bank’s management planned to hold the project’s overview on December 12, however,…

Details


Uzbekistan: salaries to grow in October 2016

President of Uzbekistan Islam Karimov signed a decree “On increasing the sizes of salaries, pensions, stipends and social allowances” on August 22. The document was adopted at increasing income and life standards of population, as well as strengthening social support of citizens of Uzbekistan. According to the decree, the salaries to workers of budget organizations,…

Details

World: TAP progressing in line with schedule

The construction of the Trans Adriatic Pipeline (TAP), which is designed to transport Azerbaijani gas to European markets, is progressing fully in line with its schedule, TAP AG said. TAP AG tweeted on August 24, that it started welding pipes in Greece and Albania. All welds undergo ultrasonic testing, TAP said. TAP project envisages transportation…

Details

Turkmenistan to intensify economic ties with Indonesia

Turkmenistan’s Foreign Ministry hosted a meeting with Indonesia’s Iran-based Extraordinary and Plenipotentiary Ambassador Octaviano Alimuddin, the Turkmen ministry said. During the meeting, the sides exchanged views on opportunities to intensify mutually beneficial trade and economic relations between enterprises, companies and entrepreneurs of the two countries. The parties also discussed prospects of bilateral cooperation in political,…

Details