Kyrgyzstan: economic growth down

Kyrgyzstan’s economic growth has decreased since the beginning of the year, Deputy Director of the Central Treasury of the Ministry of Finance Marlen Amandykov said. According to preliminary data, there was a negative GDP growth of 2.3%, which was below last year’s level by 9.1 percent. Nominal GDP amounted to 176 billion soms. The decline…

Russia: work of the Russian-Turkish commission on trade and economic cooperation resumed

Russia resumes activity of the joint intergovernmental Russian-Turkish commission on trade and economic cooperation. The Prime Minister of the Russian Federation Dmitry Medvedev signed the corresponding decree of the Government #706 dated July 22, the Ministry of Economic Development reported. The document provides for resumption of the negotiation process between Russia and Turkey on the…

Russia: Rosneft redeems $1 billion Eurobonds

Rosneft Finance S.A. (a subsidiary of Russian state-owned oil company Rosneft) has redeemed second series Eurobonds worth $1 billion, the company said in a statement. The Eurobonds were issued by the former TNK-BP group in 2006, with a maturity term of 10 years and the coupon rate of 7.5% per annum. “Maximization of profit at…