Kyrgyzstan: EDB allocates $110 million to commission second unit of Kambarata HPP-2

The Ministry of Finance of Kyrgyzstan and the Eurasian Development Bank signed an agreement on granting an investment loan from the Eurasian Stabilization and Development Fund to finance the project “Commissioning of the second hydroelectric unit of Kambarata HPP-2” for $110 million. In addition to the construction and commissioning of the second hydrounit of the…


Tajikistan: electricity rates for four categories raised

Tajikistan has raised electricity rates for four of eight categories of electricity consumers. By government’s decree issued on February 24, electricity rates have been raised for federally funded institutions, including public utilities and sports complexes, electric transport, pumping stations for mechanized irrigation and repair-and-production bases of the Agency for Land Reclamation and Irrigation under the…


Kazakhstan: vegoil production down in January 2017

Kazakh production of refined and unrefined vegoils shrank to 24.6 KMT in January against 32.2 KMT a month earlier, Kazakhstan’s Statistics Agency reported.

Compared to January 2016, vegoil production gained 5.6%.

A total 325.3 KMT of vegoil was produced in 2016. (UkrAgroConsult/Business World Magazine)

Russia: net capital outflow up in January-February 2017

Russia’s net private capital outflow increased by 6.3% YoY, to $5.1 billion in January-February, the central bank said in a statement.

In January-February 2016, Russia’s net private capital outflow stood at $4.8 billion. (Prime/Business World Magazine)

Belarus: ways to boost foreign trade sketched out

An expanded-participation meeting of the board of the Ministry of Foreign Affairs of Belarus reviewed the ministry’s performance in 2016, the press service of the ministry reported. The meeting gathered members of the government, representatives of the Belarus President Administration, the National Assembly, the National Bank, heads of the national government agencies, region executive committees…


Ukraine: Economic Development Ministry wants to regulations that hinder entrepreneurship cancelled

The Economic Development and Trade Ministry has developed a set of documents aimed at the abolition of some regulations that create legal obstacles for business activities in Ukraine, Deputy Economic Development and Trade Minister Maksym Nefyodov has said at a government meeting on March 10. “We’ve development a large set of documents aimed at the…


Ukraine: Ecology Ministry to build solar plants in Chornobyl’s exclusion zone

Ukrainian Ecology and Natural Resources Minister Ostap Semerak says that the development of renewable energy companies is a way to the full energy independence of Ukraine. “Ukraine, along with traditional energy, is actively working on the development of renewable energy. The introduction of renewable energy production will give an opportunity for our state to receive…