Azerbaijan and Russia’s Dagestan agreed to cooperate on development of foreign economic relations. A memorandum of cooperation was signed between Agency for Entrepreneurship and Investments of Dagestan Republic of Russia and Azerbaijan Export and Investments Promotion Foundation (AZPROMO) during the 7th Azerbaijani-Russian Interregional Forum in Baku. The memorandum was signed by Bashir Magomedov, head of…
Vietnam offers Azerbaijan certain proposals for cooperation in energy, transportation, agriculture and commerce, the Azerbaijani ambassador to Vietnam Anar Imanov reported. “All these proposals will be considered during the first meeting of the Azerbaijan-Vietnam Intergovernmental Commission for Economic, Trade, Scientific and Technical Cooperation, planned to be held in the near future”, he said. Currently, a…
The International Monetary Fund (IMF) has revised upwards expectations regarding the ratio between Ukraine’s gross foreign debt and GDP in 2016-2017. According to the IMF, the indicator will grow to 141.3% of GDP from 136.4% of GDP (earlier it was excepted to be 152.3% of GDP) and in 2017 it will fall to 136.3% of…
Inflation rate in Kazakhstan hit 6.2% in January-October, Statistics Committee of the Ministry of National Economy of Kazakhstan reported. Food prices have increased by 5.7%, non-food items’ prices have gone up by 7.6%, and paid services’ prices have increased by 5.4% since early 2016. Kazakhstan’s inflation rate over the 12 months ending in October amounted…
Following a surge of public bewilderment over the riches declared by Ukrainian officials and members of parliament under a new system of electronic declaration of the personal financial status, Ukrainians have come up with proposals to make high-rank personalities invest the resources declared in the national economy. A petition for this was registered at the…
China’s Silk Road Economic Belt concept has been adapting to Russia’s Eurasian integration program, Russia’s ambassador to China Andrei Denisov said. “There has been significant progress in determining the mechanism of interaction between the Eurasian integration project and the Silk Road concept”, the ambassador said. “We have an opportunity to boost cooperation in all areas”,…
Belarus’ foreign trade deficit stood at $2.397 billion in January-September to compare with a $1.844 billion deficit in January-September 2015, according to the National Statistics Committee (Belstat). Commodity exports decreased by 15.7% YoY, to $17.245 billion, while imports decreased by 11.9%, to $19.642 billion. Exports from Belarus included $10.422 billion worth of supplies to the…