The International Monetary Fund cut its forecast for growth of the Kyrgyz economy in 2016 to 2.2%. After a difficult start of the year, the pressures on the economy of Kyrgyzstan are beginning to moderate, helped by a stabilizing regional context. In the first half of 2016, overall and non-gold growth reached -2.3% and 1.2%…
The Eurasian Development Bank predicts 1.5% slowdown in the Kyrgyz economy. Tight monetary conditions may restrain economic growth in the Kyrgyz Republic. The slow pace of gold production’s increase is among the deterrent internal factors. Weakening of som exchange rate in the fourth quarter of 2015 helped smooth the increasing pressure by improving the trade…
Belarusian laser technologies will be used for research projects of the International Center for Relativistic Astrophysics Network (ICRANet), Deputy Chairman of the Presidium of the National Academy of Sciences of Belarus (NASB) Sergei Kilin said. On July 18 Chairman of the Presidium of the National Academy of Sciences of Belarus Vladimir Gusakov and ICRANet Director…
Belarusian companies should step up efforts to advance cooperation with Chinese partners, Ambassador Extraordinary and Plenipotentiary of Belarus to China Kirill Rudy said. The Ambassador believes that it is essential to build production chains with Chinese partners. Speaking about the inflow of Chinese investments to Belarus, Ambassador Kirill Rudy said about the preparation of amendments…
Assets of the State Oil Fund of Azerbaijan (SOFAZ) increased by 4.6% and amounted to $35.1 billion as of July 1, as compared to $33.57 billion in early 2016, SOFAZ said in a report. SOFAZ’s revenues totaled almost four billion Azerbaijani manats during the H1 2016, and expenditures were almost at 2.256 billion manats. During…
Losses bourn by Ukraine because of the unilateral termination of the Cyclone-4 contract by Brazil can reach about $800 million, the press service of Yuzhnoye State Design Office has said. “According to preliminary estimates, Yuzhnoye Design Office losses could amount to roughly $800 million because of the unilateral contract termination by Brazil”, the report has…
The Verkhovna Rada has adopted a law on the settlement of certain issues of the legal regime of the territories affected by radioactive contamination as a result of the Chornobyl disaster (No. 4437), that will allow solving the issues of state property management and urban planning in the area, as well as attracting investment, Minister…