Russia’s Reserve Fund, which protects the budget against falls in oil prices, decreased by 15.7% in August to $32.2 billion as of September 1, the Finance Ministry said in a statement. The National Wealth Fund, designed to secure the country’s pension system, rose by 0.7% to $72.71 billion. In ruble terms, the Reserve Fund fell…
The Ministry of Economic Development and Trade (MEDT) of Ukraine opens competitive selection for CEO positions at state-owned companies Ukrkhimtransamiak (operator of ammonia pipeline), Elektrovazhmash (electric machinery producer), Mariupol Commercial Seaport and Boryspil International Airport. The ministry has invited reputable recruiting agencies to help find top-class managers with an impeccable reputation and successful track record…
The Russian government can raise about 700 billion rubles from privatization of the oil major Rosneft, Economic Development Minister Alexei Ulyukayev said. “I think that Rosneft has always been a priority because it is larger, more expensive, has more value to the budget. This is about 700 billion rubles which we can receive this way…
Turkey attaches special importance to the development of the traditionally friendly and fraternal relations with Turkmenistan, Ahmet Arslan, Turkish minister of transport, maritime affairs and communication, said. Arslan made remarks at a meeting with Turkmen President Gurbanguly Berdimuhamedov in Ashgabat. The sides expressed confidence in further development of the interstate cooperation, which was initially based…
Turkmen President Gurbanguly Berdimuhamedov discussed the topical issues of bilateral cooperation at a meeting with Qatar’s Foreign Minister, Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani, the Turkmen government said. Stressing the broad prospects for the development of trade and economic relations, the sides called for intensifying fruitful partnership in various fields. The oil and gas…
Yovon district of Khatlon region has become a major industrial center of the country. This was stated by the President of Tajikistan Emomali Rahmon, speaking on Monday, September 5, in the course of putting into operation new enterprises of the TALCO chemistry concern. He noted that the industrial might of the Yovon district in recent…
Kazakhstan’s GDP growth is projected at 1.9% in 2017, Minister of National Economy Kuandyk Bishimbayev said. The forecast includes expectation of increase in oil production due to commissioning of the Kashagan field. Forecast for GDP growth for 2016 is still at 0.5%, which was expected earlier. Inflation in 2016 is expected to reach 8.5%, Bishimbayev…