National Bureau of Statistics (NBS) announced economic growth. According to statistics, in the second quarter of 2016, the gross domestic product (GDP) amounted to 31 million 434 000 lei. Thus, the real economic growth was 1.8% YoY. However, the share of exports was down against 2015. In January-July Moldovan economic agents exported goods worth over…
Over $68.2 billion has been invested in Azerbaijan’s oil and gas sector from 1995 till 2016 as part of the production sharing agreements, Rovnag Abdullayev, president of Azerbaijan’s state oil company SOCAR, said. “Currently, SOCAR successfully represents Azerbaijan in 17 production sharing agreements signed with 23 companies from 15 countries”, he said. At the same…
Belarus’ investment potential was presented at the fifth China-Eurasia Expo in Urumqi, the capital city of China’s Xinjiang Uygur Autonomous Region. The opening ceremony of the expo was held on September 20. This year, Belarus participates in the expo as a guest of honor. This means that Belarusian exhibitors will enjoy the best locations and…
Russia’s Energy Ministry favors stability in taxation of the oil and gas industry, Deputy Minister Kirill Molodtsov said. “In fact, the industry first of all needs stability. It is important for us to ensure the level of production in 2020, 2022, and 2027. In this sense, the energy strategy is already at the final stage…
Iranian companies have invested $2.6 billion in Azerbaijan’s economy, Azerbaijan’s Deputy Economy Minister Sahil Babayev said. The deputy minister said that only $145 million of this amount was invested in the non-oil sector. Around 450 companies with Iranian share operate in Azerbaijan, Babayev added. “The relations between Azerbaijan and Iran have entered a new phase.…
Belarus’ gross domestic product (GDP) reduced by 3% YoY in January-August to 60.8 billion Belarusian rubles ($31.1 billion at the central bank’s exchange rate), an official with Belarus’ National Statistics Committee reported. Industrial output in January-August fell by 1.8% YoY to Br51.5 billion ($26.3 billion). Farm output reduced by 2.2% to Br8.4 billion ($4.3 billion).…
Belarus’ industrial output decreased by 1.8% YoY in January-August to 51.528 billion Belarusian rubles (Br), or $26.325 billion at the official rate of the National Bank, the National Statistical Committee (Belstat) reported. Production of coke, oil products and nuclear materials reduced by 7.2% YoY in January-August to 7.58 billion rubles ($3.872 billion). The output of…