A.M. Best, the world’s oldest and most authoritative insurance rating and information source, has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of “bbb-” of AzRe Reinsurance OJSC, the sole domestic reinsurer in Azerbaijan. The outlook of these Credit Ratings (ratings) remains stable, according to the service’s message. “The ratings…
More than 1.50 million tons of raw cotton have been collected in Turkmenistan, the Turkmen government said in a message. According to the message, the total area of land allotted for cotton is 545,000 hectares. The country’s farmers continue to pick cotton and the picked cotton is delivered to the cotton processing enterprises. Cotton is…
Forty-five water reservoirs in Kazakhstan are in a dangerous condition and require repairs, Kazakh Agriculture Ministry has said. In total there are 309 water reservoirs in Kazakhstan. The state owns 83 of them. Regional municipalities own 191 reservoirs and 35 reservoirs are privately owned. The biggest reservoirs in Kazakhstan are Bukhtarma reservoir in the east…
The forecasts say that the real GDP growth in Kyrgyzstan will be 2.9% in 2017, country’s Prime Minister Sooronbay Jeenbekov has said. The Prime Minister noted that the risks which could affect the GDP growth in 2017 were instability of the global economy, dependence of the economy on world prices for gold and energy resources,…
Azerbaijan’s Prime Minister Artur Rasizade has met President of Venezuela Nicolas Maduro. Rasizade said Azerbaijani-Venezuelan relations were at a good level, adding that both countries supported each other within international organizations. The Prime Minister said there was good potential for boosting economic ties between the two countries and stressed the importance of increasing efforts for…
Diamond output of Russian uncut diamond mining giant Alrosa fell by 6% YoY to 27.9 million carats in January-September due to lower output, the company said in a statement. Less sands from alluvial deposits were processed at the Nurba plant because of adjustment of the 2016 production plan; less ore was produced at the Aikhal…
Industrial production in Ukraine in September grew by 2% YoY, while in September the increase was 3.4% after the decline in July by 0.2% and in June by 3.4%, the State Statistics Service has reported. According to a new formula of data provision, the agency said that industrial production in September adjusted for the effect…