Construction crews began building the gas interconnection between the southern Serbian city of Nis and the border with Bulgaria at Tuesday’s ground breaking ceremony attended by state officials. The 109 kilometer Serbian section of the pipeline will cost 85.5 million Euro and will be paid for with a 25 million Euro loan from the European … Read more
Russia’s energy supplies to China have reached record highs, same as trade turnover between the two countries, Kremlin Aide Yury Ushakov told reporters prior to the upcoming visit of the Russian leader to the People’s Republic of China on February 4. “Energy supplies to China have reached record highs. More than 15 bln cubic meters … Read more
The Customs Service has registered large collections in last January – more than 1.9 billion lei, which is by 417 million lei (28 per cent) more against the same period of the 2021 year and by 477 million lei (33 per cent) more against January 2020. According to the institution, during the last month, 44,088 … Read more
As of January, the economic situation according to the CBS Business Cycle Tracer has improved. The outlook has had ups and downs in recent months and is on average fairly stable. Statistics Netherlands (CBS) reports that as of January, 10 out of the 13 indicators in the Business Cycle Tracer are performing above their long-term … Read more
The European Bank for Reconstruction and Development (EBRD) invested $630 million in 18 projects in Kazakhstan in 2021, reported the bank’s press service. Forty percent of projects are aimed at promoting the green economy. The EBRD will also support Kazakhstan in implementing its long-term cooperation strategy to achieve carbon neutrality by 2060. Overall, the bank … Read more
The Consumer Price Index in Georgia increased by 1.1 percent in January 2022 compared to the previous month, while the annual inflation rate stood at 13.9 percent, the latest inflation data of the National Statistics Office of Georgia (Geostat) shows. With regard to annual core inflation, [excluding food and non-alcoholic beverages, energy, regulated tariffs, transport], … Read more
China has become one of the biggest trading and investment partners for Belarus, President Aleksandr Lukashenko said as he was delivering the annual Address to Belarusian People and the National Assembly on 28 January, BelTA has learned. “Earlier, the government and the Ministry of Foreign Affairs were instructed to review Belarus’ priorities and upgrade relations … Read more
Azerbaijan exported building materials to Georgia through the Azexport portal, Head of Azerbaijan’s Azexport project Aykhan Gadashov told Trend. According to him, in this regard, a contract has already been signed between the Georgian company and the Azerbaijani side. “This contract has good prospects, and I hope that it will be long-term,” Gadashov said. The project … Read more
Export from Armenia exceeded $3 billion in 2021 growing by 19.1% year-on-year, the National Statistical Committee reports. In the reporting period, the volume of foreign trade turnover in the country amounted to $8.38 billion, up by 17.7% against 2020. Imports for the reporting period totaled $5.35 billion, registering a y/y increase of 16.9%. In December … Read more
Uzbekistan and Tajikistan have agreed to implement joint projects in all industrial sectors. To this end, the parties plan to establish joint industrial enterprises. The Government of Tajikistan has instructed to approve the agreement on cooperation with the Government of Uzbekistan in the field of industry and new technologies and take the necessary measures to … Read more