Turkmenistan developing regional transport infrastructure

Development of transportation infrastructure of Turkmenistan’s regions is an important component of the country’s large projects. This developmental activity is aimed at involving the regions in economic, trade, and humanitarian cooperation, increasing investment potential, promoting entrepreneurship in rural areas, and industrial integration, according to the report. Central Asia is becoming one of the world’s most…


Tajikistan: EBRD accounts for some 15% of funds provided to support investment projects

The European Bank for Reconstruction and Development (EBRD) accounts for some 15% of funds provided to support investment projects in Tajikistan. Issues related to implementation of the EBRD-supported projects in Tajikistan were discussed on May 25 at a meeting of senior representatives of the State Committee on Investment and State-owned Property Management (GosKomInvest) with representatives…


Tajikistan: government allocates 30 million somoni for reconstruction of Kokhi Vahdat State Complex

Reconstruction of the Kokhi Vahdat (Palace of Unity) State Complex, which is the headquarters of the Tajik ruling People’s Democratic Party and is also used to host international conferences, has begun. The national budget has earmarked some 30 million somoni (equivalent to some $4 million) for reconstruction of the Kokhi Vahdat State Complex, a source…


Belarus looking into chemical industry development experience of Tatarstan

Prime Minister of Belarus Andrei Kobyakov was made familiar with the development of enterprises in the industrial park Khimgrad and enterprises of Kazanorgsintez Company in Tatarstan, the Russian Federation. While on a tour of Khimgrad Andrei Kobyakov was made familiar with the manufacturing sites of the resident companies there. Those are primarily companies specializing in…


Uzbekistan and Turkey sign deals worth $2 billion

A set of documents and agreements was signed in Tashkent on May 25 following a meeting of the Uzbekistan-Turkey Intergovernmental Commission for Trade and Economic Cooperation and the Uzbekistan-Turkey business forum. The documents and agreements envisage the implementation of around 30 projects in pharmaceutics, textile industry, electro-technical, construction and banking sectors, worth more than $2…


Ukraine: exports of brewing barley up

According to the official statistics figures, in July-April of the season 2016-2017 Ukraine exported 67.86 thousand tons of brewing barley, up 10.4-fold YoY (6.5 thousand tons).

In the current MY, Belarus (53%), Poland (30%) and Romania (16%) became the main foreign buyers of brewing barley from Ukraine. (APK-Inform/Business World Magazine)

Ukraine: central bank lowers refinancing rate

The board of the National Bank of Ukraine (NBU) has decided to lower the refinancing rate to 12.5% as of May 26, from 13% per annum.

The decision was sealed in NBU resolution No. 318-rsh dated May 25, the NBU said in a statement. (Interfax-Ukraine/Business World Magazine)

Azerbaijan: economy to grow in 2018

The Moody’s Investors Service international ratings agency has forecast the Azerbaijani economy to grow by 1.8% in 2018, Petr Paklin, the agency analyst, said at the Moody’s Annual Azerbaijan Summit in Baku on May 25. He noted that Azerbaijan’s GDP growth was highly dependent on the level of oil prices. If the oil prices remain…