Ukraine: Ukrnafta to use UAH 360 million to intensify production in 2017

PJSC Ukrnafta plans in 2017 to invest UAH 360 million in intensification of hydrocarbon production, the press service of the company has said. According to its data, this year Ukrnafta plans to purchase 248 sections of electric submersible pumps, as well as submersible motors, gas separators, hydraulic protection, extension cables, submersible cables, submersible telemetry systems,…

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Uzbekistan: Guarantee Fund for small business development established

Uzbekistan has established a Guarantee Fund for small business development. The President of the Republic of Uzbekistan signed the corresponding decree on February 10. The State Committee of the Republic of Uzbekistan for privatization, demonopolization and development of competition acts as the main founder of the fund, while the Association of Banks of Uzbekistan, Chamber…

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Turkmenistan to develop market economy

Turkmen President Gurbanguly Berdimuhamedov during his inauguration ceremony held in Rukhiyet Palace in Ashgabat on February 17, named the support and development of entrepreneurship and market relations in different sectors of the country’s economy as one of the main objectives. A presidential election was held on February 12, in Turkmenistan. Gurbanguly Berdimuhamedov, who has been…

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Ukraine: share of nuclear energy up

Ukraine has significantly increased the share of the nuclear energy in the overall energy balance of the country, president of Ukraine Petro Poroshenko stated at a meeting of the National Security and Defense Council (NSDC). “I am pleased to inform that we have increased the share of nuclear energy in the overall energy balance. From…

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Kyrgyzstan: economic recovery remains modest

With external pressures subsiding, economic indicators of Kyrgyzstan have improved, but the recovery remains modest. The head of the International Monetary Fund mission Edward Gemayel said, following his visit to the Kyrgyz Republic. IMF mission visited Bishkek on February 9-15. The specialists took stock of the latest economic developments and discussed progress on economic reforms.…

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