The Asian Development Bank (ADB) has approved of the fourth tranche worth $75 million as part of the ‘Azerbaijan: Water Supply and Sanitation Investment Program’, said a message posted on the bank’s website. According to the message, the first three tranches of the multi-tranche financing facility (MFF) financed construction of water networks in Goychay, Agdash…
Tajikistan must look to deepen its industrial base, improve the productivity of its agricultural sector, and reduce barriers to private investment to remain on a high growth path, says a new Asian Development Bank (ADB) report that was presented in Dushanbe on August 19. The country diagnostic study, Tajikistan: Promoting Export Diversification and Growth, takes…
Moscow will host the 11th edition of the international conference Eurasian Integration on November 11, the press center of the Eurasian Development Bank (EDB), the organizer of the forum, reported. The conference will attempt to find ways to promote Eurasian integration. “This year, the conference will discuss matters of strategic cooperation in key economy sectors…
Uzbekistan and Switzerland signed an intergovernmental agreement on realization of a project “National management of water resources in Uzbekistan”. Deputy Minister of Agriculture and Water Management of Uzbekistan Shavkat Hamraev and Extraordinary and Plenipotentiary Deputy Ambassador of Switzerland in Uzbekistan Thierry Umbehr signed the document. According to information service of the ministry, Switzerland will issue…
Pinsk-based clothing manufacturing and trading association Polesye has recently increased its exports to Kazakhstan and Russia through its schoolwear supplies, Sergei Kasperovich, head of the company’s export department, reported. About 35,000 back-to-school items produced in Pinsk will go to Russian regions this summer. Polesye school clothes are on sale in stores of Moscow, Saint Petersburg,…
PayPal is preparing to receive accreditation in Azerbaijan, a source in the country’s e-payment systems market reported. PayPal has already selected the bank that will represent its interests in Azerbaijan, according to the source. The bank’s name was not revealed. “The issue of PayPal’s accreditation is currently the subject of discussion of the sides: after…
The President of the Republic of Uzbekistan signed a decree to increase the wage of employees of budgetary institutions and organizations, pensions, stipends and grants on average 1.15 times (15%). The document comes into effect on October 1. According to the decree, the minimum wage rate on the territory of the Republic of Uzbekistan will…