The Kyrgyz government predicts the budget deficit for 2017 in the amount of 23.3 billion soms. The vast majority of it are credits got in over the years of independence. 24.kg news agency decided to find out to whom the republic indebted the most and when the time to pay them back will come. The…
Azerbaijan will start accepting applications from investors wishing to work in its free trade zone (FTZ) in March 2017, Eugene Seah, chief operating officer of the Baku International Sea Trade Port, said. Preparation is now underway in the run-up to the start of accepting applications from companies interested to operate in the FTZ. Azerbaijan’s President…
France is ready to step up cooperation with Belarus in information technologies and infrastructure development, Ambassador of France to Belarus Didier Canesse reported during the Belarusian-French interregional business forum in Minsk. The ambassador believes that Belarus and France should intensify cooperation not only in politics but in economy as well. The Belarusian-French interregional business forum…
The EU has successfully implemented more than 45 twinning projects in Azerbaijan, Head of Operations Section at the EU Delegation in Azerbaijan Jeroen Willems said. “This is a very good indicator, and it, in particular, exceeds the number of projects in Georgia and Moldova”, he said. “More than 30 public institutions used twinning-tools during the…
The deficit in Azerbaijan’s payment balance will amount to $5 billion in 2016, Elman Rustamov, chairman of the country’s Central Bank (CBA), said. Rustamov said the biggest part of deficit of Azerbaijan’s balance of payments, that is 88% to 90%, was associated with problems in the capital flow balance. “It cannot be said that the…
Belarus’ GDP may drop by 2.5-2.6% in 2016 due to the ongoing oil dispute with Russia, Belarus’ Economy Minister Vladimir Zinovsky said. Belarus’ government had planned to achieve a slight YoY GDP growth in 2016 (official forecast – 0.3%). Belarus’ President Alexander Lukashenko said in November that the country’ GDP would reduce by at least…
Belarus and Azerbaijan are analyzing the prospects of joint production of carpets and cotton fabrics, the Belarusian President’s press-service said in a statement following President Alexander Lukashenko’s talks with Azerbaijani President Ilham Aliyev. “In my opinion, Azerbaijan did the right thing when it decided to develop its cotton growing industry. Output figures will rise so…