India wants to re-negotiate bilateral investment treaties with Turkmenistan, Tajikistan, Kyrgyzstan and a number of other countries, Indian Minister of State for Commerce and Industry Nirmala Sitharaman said. The minister said that while approving the new Model Bilateral Investment Treaty text in 2015, the Indian government had also approved the proposal to terminate those out…Details
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Latvian airline airBaltic carried 372,219 passengers in June, up by 23% YoY. It is now the airline’s latest record. In the first six months of 2017, airBaltic carried a total of 1,565,462 passengers to destinations in Europe, Scandinavia, Russia, CIS and the Middle East. airBaltic’s CEO Martin Gauss says the airline has managed to exceed…Details
The state-run Ukroboronprom Concern managed to increase the export of Ukrainian arms by 25% in 2016, Deputy General Director for Ukroboronprom development, Artur Kheryvimov stated at a press conference at Kherson Regional State Administration. “Over the past year, we (Ukroboronprom) have increased our exports by 25% – from $570 million to $770 million,” said Kheryvimov.…Details
According to initial estimates, Belarus’ gross domestic product totaled Br47.3 billion in January-June or 101% as against January-June 2016 in comparable prices, the National Statistics Committee of Belarus declared. In January-June the deflator index of Belarus GDP totaled 107% as against the same period of last year. (BelTA/Business World Magazine)Details
Deputy Chairman of the National Bank of Kazakhstan Oleg Smolyakov has commented on the purchase of Kazkom by Halyk Savings Bank. “On July 5, the transaction for the acquisition of the controlling interest in Kazkommertsbank JSC by Halyk Savings Bank of Kazakhstan was completed. All rights and legitimate interests of the depositors, creditors, investors are…Details
A single electricity market will begin operating in Kazakhstan, starting from January 1, 2019. Electricity trading is planned on the basis of centralized site of the Committee for Regulation of the Natural Monopolies, Protection of Competition and Consumer Rights under the National Economy Ministry. This was stated by the head of the department Kanat Bozumbayev.…Details
In 2016, the profit of the National Bank decreased by 42.3% YoY. The Audit Chamber reported on the results of the bank audit last year. As of December 31, 2016, 50 accounts of the Central Treasury of the Ministry of Finance of the Kyrgyz Republic were opened in the National Bank. 32 of them were…Details