Fitch Ratings, an international rating agency, has noted improvement in the macroeconomic conditions in Azerbaijan, the agency said in a message. The message reads that in January-September the economy of Azerbaijan grew by 0.8% YoY, while the growth rate of non-oil GDP was 1%. Inflation fell sharply from 12.9% at the end of 2017 to…Details
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Acting Prime Minister Nikol Pashinyan met Armen Harutyunyan, the head of Beltekhnika, a Lithuanian company engaged in the production of agricultural equipment. At the meeting in Yerevan, the parties discussed issues related to Beltekhnika’s initiative to implement an investment project for the production of agricultural machinery such as tractors in Armenia. Reaffirming the Armenian government’s…Details
President Petro Poroshenko has said that funding for the program for the design and construction of an international airport in the city of Dnipro has been envisaged in the draft state budget for 2019. He stated this at a meeting with Mayor of Dnipro Borys Filatov, the president’s press service reported. “At my request, the…Details
Head of the State Agency of Automobile Roads of Ukraine Slawomir Nowak has said that UAH 20 billion will be allocated for the construction, reconstruction and repairs of highways of state importance next year. “About UAH 20 billion will be allocated for the construction, reconstruction and repairs of state highways next year. The general program…Details
In Azerbaijan, the production of machinery and equipment, cars, trailers and semi-trailers reached 241.1 million manat ($141.86 million), the State Statistics Committee said. Compared to the same period of the previous year, the production of cars increased 26.5-fold, machinery and equipment – by 17.7% and other vehicles – by 65.6%. As many as 1,220 tractors…Details
Bishkek City Administration intends to purchase gas-powered buses, head of the Transport Department of the Bishkek City Administration Kubanychbek Zhunusov declared. According to him, a tender for the purchase of buses was announced. “There are about 100 municipal buses in the city. They are about 10 years old. The city administration intends to buy 50…Details
China’s Gansu Hengya Cement Co. will invest in the construction of a new cement plant in Kattakurgan district of Samarkand region of Uzbekistan. The cost of a new cement plant with a capacity of over 2.4 million tons of cement per year is $420 million. The project will be implemented in two stages. At the…Details