Russia’s gross domestic product (GDP) is expected to grow by 0.6% in January-March and by 0.8% in April-June excluding seasonality, the central bank’s forecasting department said in a research note on March 6, revising its previous estimations of a 0.4% and 0.5-0.6% growth respectively. The estimate for the second quarter is based on a Urals…
Cotton will be sown in Turkmen Ahal, Lebap and Mary provinces on March 25, and in Dashoguz province on March 29, the Turkmen government said in a message. The issue was discussed at a meeting of the Turkmen Cabinet of Ministers. According to the message, around 1.5 million tons of cotton are planned to be…
Uzbekistan and the Asian Development Bank (ADB) signed loan agreements worth $573 million. In particular, the ADB allocated a $100-million loan for a project on financing small businesses in rural areas and for businesses of women entrepreneurs. A $121-million loan was allocated to develop water supply systems in Uzbekistan’s Tashkent region. The agreements were signed…
“In the framework of the project “Financing of Agriculture-5″ the seed farms were provided loans at 6% per annum for three years,” the First Vice Prime Minister of Kyrgyzstan Mukhammetkaly Abulgaziev said. He urged farmers to use this opportunity actively. “The goal of republican seed industry is to ensure farmers in regions of the country…
The President of Kyrgyzstan Almazbek Atambayev signed the law under which the payment systems in the country are subject to licensing, Information Policy Department of the Presidential Administration reported. It is noted that Almazbek Atambayev signed a law on amendments to the laws on the payment system and the Code of Administrative Responsibility. The law…
Ukraine’s international reserves at the end of February stood at $15.5 billion against $15.445 billion at the beginning of the month, Head of the National Bank of Ukraine (NBU) Valeriya Gontareva has said. “We plan to increase our reserves, if the situation on the foreign exchange market allows us to do it,” Gontareva said. She…
Uzbekistan plans to spend foreign investments worth $4.506 billion on 199 investment projects in 2017. This is envisaged in an investment program for 2017 approved by a decree of Uzbekistan’s President Shavkat Mirziyoyev. Meanwhile, thanks to the foreign loans guaranteed by the government, it is planned to spend $1.854 billion on 79 projects and thanks…