Kazakhstan and Saudi Arabia signed more than 10 agreements worth over 60 billion tenge ($181.55 million) within the official visit of Kazakh President Nursultan Nazarbayev to Saudi Arabia on October 24- 25, the presidential press-service reported. At the briefing on the results of the visit Nazarbayev announced that the agreements had been signed in the…
According to the Minister of National Economy Kuandyk Bishimbayev, Kazakhstan’s economy grew by 0.4% in January-September. The inflow of foreign investment in Kazakhstan’s economy increased 4.4-fold YoY. “Net inflow of foreign investment amounted to $5.7 billion in the reporting period, which is a 4.4-fold increase versus the same period of last year, which was $1.3…
The European Bank for Reconstruction and Development (EBRD) and Kazakhstan’s national gas operator KazTransGas have agreed to join forces in supporting the country’s drive towards a green economy, the bank reported. According to a Memorandum of Understanding signed in Astana on October 26, the two partners will explore ways to promote energy efficiency in the…
Belarus and Poland intend to step up cooperation in matters concerning investments and privatization, the press service of the State Property Committee of Belarus reported. On October 25, the Committee’s Chairman Andrei Gayev met with Deputy Development Minister of Poland Radoslaw Domagalski-Labedzki. The Deputy Development Minister of Poland emphasized the importance of smooth cooperation between…
If signed, an agreement with the International Monetary Fund (IMF) will increase investment in Moldova. That’s according to the Governor of the National Bank of Moldova (NBM), Sergiu Cioclea. According to him, as soon as Moldova signs an agreement with the IMF, funding and grants from various international organizations and private investors will come in…
Business development and its support are among the priorities of successive reforms in the country. According to “Doing Business 2017: Equal Opportunity for All” rating, published by World Bank on October 25, Uzbekistan has been placed 87th among 190 countries, having retained its previous year position. World Bank experts have raised the position of Uzbekistan…
The number of employed in the economy of Uzbekistan in January-September amounted to 13289,3 thousand, having increased by 1.8% YoY. The number of people employed in the public sector amounted to 18.1% of total employment (in 2015 – 18.3%), in the private sector – 81.9% (81.7%), according to the State Statistics Committee. The share of…