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Business & Economics

18.06.2017

The government of Kazakhstan and the World Bank have a common view on the state of the republic's economy and the prospects for its development. Prime Minister of the Republic Bakytzhan Sagintayev made such a statement on June 15, while delivering a speech at the plenary session of the Astana Economic Forum.

 

18.06.2017

In the next three years, Uzbekistan is going to bring the annual volume of gas exports to China to the level of 10 billion cubic meters. Alisher Sultanov, Chairman of the Board of the Uzbekneftegaz NHC, provided this information during the meeting of the international press club held in Tashkent on June 15. According to him, this is stipulated in the medium-term agreement that was signed during the visit of President of Uzbekistan Shavkat Mirziyoyev to China in May 2017.

 

18.06.2017

According to the experts of the International Monetary Fund, this year the volume of Turkmenistan's gross domestic product will increase by 6.5 percent. This forecast of the growth of the Turkmen economy was published by the international financial regulator on the basis of the results of the IMF delegation's working visit to the country, as well as on the results of the consultations of the Fund's representatives with their Turkmen counterparts in late May.

17.06.2017

Tajikistan and Armenia intend to create a working group to study the trade potential of the two countries, which will help expand mutual trade. Minister of Investments and Economic Development of Armenia Suren Karayan announced this news on the sidelines of the meeting of the Armenian-Tajik intergovernmental commission. According to him, it is also planned to create a number of distribution companies that will organize the import and export of products, and establish industrial cooperation in the light industry and the jewelry field.

 

17.06.2017

The organization of the World Expo EXPO 2017 has cost Kazakhstan about $1.3 billion, of which $793 million was spent on the implementation of related investment projects. A number of local publications reported the news on June 14, referring to the preliminary calculations provided by the head of the national company “Astana Expo 2017” Akhmetzhan Yesimov. In accordance with them, the cost of organizing the exhibition amounted to KZT400 billion, which equals to the above sum at the current exchange rate.

17.06.2017

President Shavkat Mirziyoyev has approved the investment agreement concluded with Peugeot Citroen Automobiles S.A that provides for the establishment of production capacities in Uzbekistan for the assembly of French cars. As reported by local media, in accordance with this document, this project will be implemented in the territory of the special industrial zone “Djizak.” Its participants will receive a number of unprecedented customs and tax benefits.

17.06.2017

Kyrgyzstan intends to issue the first crypto-currency in the EEU countries. The authorities of the republic made this decision in order to obtain the funds necessary for investing in the development of gold mines in the country. The company “Kript NN” (Russia) will take part in the implementation of this project. During the Initial Coin Offering, it will act as the main trader.

16.06.2017

In 2016, Turkmenistan reduced its natural gas production for the first time in seven years: from 69.6 to 66.8 billion cubic meters or by about 4 percent as compared to the 2015 indicator. Such figures are given in the BP annual statistical survey that was recently published in the media. Worth recalling, the previous drop in production occurred in 2009, when the relations between Turkmenistan and Russia aggravated, which led to the stagnation of the country's gas sector.

16.06.2017

Kazakhstan has ratified the amendments to the Agreement on the specifics of the legal regulation of the activities of railway transport organizations, institutions and enterprises, which was concluded by the governments of Kazakhstan and Russia on October 18, 1996. According to the presidential press service, Nursultan Nazarbayev has signed the relevant decree. The ratification of this document will enable residents of the border regions of Kazakhstan to travel through Russia without any border control.

 

15.06.2017

The management of Gazprom International held a series of meetings with the heads of a number of oil and gas companies of other countries, during which the parties discussed the key issues related to bilateral cooperation in the oil and gas sector. In particular, representatives of Gazprom International took part in the official ceremony of signing the agreement on strategic cooperation, which was concluded between Gazprom and the national holding company Uzbekneftegaz.