Turkmen Foreign Minister Rashid Meredov signed the Paris agreement on the sidelines of the General Assembly at the UN headquarters in New York. The agreement is a “road map” of measures that will reduce emissions released to the atmosphere and strengthen resilience to climate change. The Paris agreement was adopted by all 196 sides of…
The large-scale work is carried out in Turkmenistan to fully reveal the country’s economic potential and increase the textile export, Turkmen President Gurbanguly Berdimuhamedov said at a government meeting. “Turkmenistan creates conditions for bringing the domestic textile industry to a new level by making huge investments in the implementation of major industrial projects”, the President…
Transfers from the State Oil Fund of Azerbaijan (SOFAZ) to the state budget will be reduced by 1.5 billion manats in 2017, Samir Sharifov, Azerbaijani finance minister, reported. The minister added that the transfers would be reduced to keep the country’s foreign exchange reserves at the same level. “As Azerbaijani President Ilham Aliyev said, while…
Some 451,370 tons of raw cotton were supped to collection points in Turkmenistan, the Turkmen government said. The cotton-picking campaign, which lasts from August to October, has been recently discussed at the governmental meeting. “The measures are being taken and agricultural machinery is used as part of cotton-picking campaign”, the message said. Some 1.05 million…
The World Bank forecasts that Ukraine’s GDP will be 1% by the end of 2016 and 2% by the end of 2017, World Bank Economist for Ukraine Anastasia Golovach has stated. “We are leaving our GDP growth forecasts for 2016 and 2017 unchanged at 1% and 2% respectively”, Golovach said. According to her, the World…
Azerbaijan’s state oil company SOCAR doesn’t exclude the possibility of issuing bonds in the country’s national currency – manat – in the future, SOCAR President Rovnag Abdullayev reported. Abdullayev said that among the population there was an increasing interest in dollar-denominated bonds issued on September 20, totaling $100 million with a par value of $1,000…
The introduction of the international financial reporting standards (IFRS) in Belarus will help improve the investment climate. Belarusian Finance Minister Vladimir Amarin made the statement in an interview published in the September edition of the Ministry’s magazine Finance. Accounting. Auditing. According to the source, for the sake of effective implementation of the decision in favor…