Revenues of Kazakhstan’s trade companies from main activity increased up to 2.8 trillion Kazakh tenges in Q1 2016, as compared to 2.1 trillion tenges in the same period of 2015. Tenge’s devaluation gave a certain support to this process. Revenues of Kazakhstan’s small enterprises from main activity increased by 824 billion tenges in Q1 YoY,…
The Institute of Economics and Demography at the Academy of Sciences of Tajikistan predicts that external factors will impact Tajikistan’s economy until 2019. “According to forecasts of the Academy of Sciences of Tajikistan, the external factors will continue to affect the country’s economy in 2018-2019”, Lutfullo Saidmurodov, Director of the Institute of Economics and Demography,…
Russia’s budget deficit may exceed the planned 3% and reach 3.2% of GDP in 2016, according to the documents released by the International Monetary Fund (IMF). According to Finance Minister Anton Siluanov, Russia’s budget deficit is on track to reach around 3% of budget deficit by the end of this year, which is in line…
In January-June Kyivsky cardboard paper mill, a leader in Ukraine’s pulp and paper industry in terms of production and sales, produced 2.02 billion UAH worth of products, up by 15.7% YoY. According to the UkrPapir association, the mill saw a rise in production of corrugated cardboard packaging and production of base paper in kind in…
Supreme Court of Ontario (Canada) didn’t satisfy the four lawsuits for the recovery of the shares of KyrgyzAltyn JSC in Centerra Gold Company, the press-service of JSC reported. According to it, the Ontario Superior Court heard the case on the combined statements of claim of the Turkish Sistem Muhendislik Insaat Sanayi ve Ticaret Anonim Sirketi,…
PriceWaterhouseCoopers (PwC) will audit the financial activity of Azerbaijan’s State Oil Fund (SOFAZ) in 2016-2018. SOFAZ earlier held a competitive bidding to select an audit company for the provision of audit services. After the evaluation of the proposals presented by the bidding audit companies, pursuant to the Statutory Regulations of the State Oil Fund, PwC…
The 46th meeting of the special working group for drafting a convention on the legal status of the Caspian Sea at the level of deputy foreign ministers of the Caspian-littoral countries was held in Astana on July 11-12. Azerbaijani Deputy Foreign Minister Khalaf Khalafov, Iran’s Deputy Foreign Minister Ibrahim Rahimpour, Ambassador-at-Large of the Kazakh Foreign…