Georgian-based non-governmental organisation Society and Banks in its report in April said revenues from transport services in Georgia would increase by about $150 million compared to 2021 and exceed $960 million in the ongoing year. Photo: BTK Railway/Facebook Georgian Railway will be able to carry about 21 more million tonnes of cargo annually following the … Read more
The first block of freight from China’s Tuanjiecun railway station to Finland has arrived in the Port of Baku. The first part of a block train consisting of 54 containers transported by the ferries “Aghdam” and “Nakhchivan” from the Port of Kuryk in Kazakhstan within the Trans-Caspian International Transport Route was delivered to the Port … Read more
Consumption growth in Armenia amounted to 3.7%. At the same time, exports increased by 16.5%, and imports – by 10.9%, said Minister of Finance of Armenia Tigran Khachatryan in the parliament during a preliminary discussion of the implementation of the state budget for 2021. Economic growth forecasts were revised several times during the reporting year. … Read more
3.5 times more new residents appeared in the technology park compared to the same period in 2021.
IT Park counted 1,588 companies in April. According to the technopark press service, 65 new residents have appeared since the beginning of the year.
80 companies became residents in January-March – three times more compared to the same period of last year. 23 out of these companies were established at the beginning of the year, 14 firms lost their status. The technopark rejected 43 companies.
The majority of the companies of the IT Park residents (479) work in the capital, but IT companies in the regions become more numerous– 109 (growth up by 18.5%).
Services worth 814 billion soums, were provided by IT Park residents during the reported period (increased by 186%, or almost three times). Software development, data processing, business process automation and training were the main spheres.
The export of services engages 121 technopark resident companies.
$17.3 million were earned by exporters in the first quarter (increase by 3.5 times compared to 2021). By the end of the year, this amount should attain $100 million.
The USA holds the most significant part in the geographical structure of exports, which increased to 85.2%. The UK, the UAE, South Korea and the CIS countries share the rest.
The task to increase digital exports to $1 billion was set by the head of the Ministry of Information Technologies and Communications Sherzod Shermatov at the end of 2021. Simplified visa issuance for IT specialists and technology investors was one of the measures he recommended.
The TashRush program was created to implement the minister’s instruction practically and to attract foreign IT workers. Anther measure was the introduction of special visas and simplified employment for them.
The move of IT companies, working with foreign clients, from Russia and Belarus to the country began. About 1,000 workers from Russia and Belarus were moved here by EPAM.
Source Link
Turkey takes the third place as Kazakhstan’s foreign trade partner (6.5% of trade turnover). According to the State Revenue Committee of the Kazakh Ministry of Finance, 4.2% of Kazakhstan’s total imports, and 7.2% of its exports are accounted for this country. In the first quarter of this year Kazakhstan’s exports to Turkey reached $1,254.9mln and imports $236.3mln. Total foreign trade increased by $1bln. $885mln (70.7% of the total exports) were accounted for fuel and energy commodities, which were in great demand from Turkey in reported period. The second place was taken by metals and metallic items ($324mln or 25.9% of the total exports). Products of animal and vegetable origin, textile items, machine technology, chemical products were also exported by Turkey this year. Machine technology, instruments, and devices worth $62mln (26.2% of the total amount) were imported by Kazakhstan from Turkey. The second most imported commodities from Turkey in January – March are textile and textile items ($47.5mln or 20% of the total imports). Kazakhstan – Tukey trade turnover reached $803.1mln in the same period of last year (545.2mln exports and $257.8mln imports).
Source Link
In January-April, the foreign trade turnover of Uzbekistan reached $17.2 billion. Compared with the corresponding period last year, the figure increased by $6.5 billion, the State Statistics Committee said. During the reporting period, the republic exported products ($6.2 billion) and services ($837 million) for a total of $7.1 billion. Imports, in the meantime, were recorded … Read more
The Council of Ministers of Economy and Finance of the European Union approved the temporary abolition of duties on imports of goods from Ukraine to the EU, said the Executive Vice President of the European Commission Valdis Dombrovskis. EU ministers have agreed on temporary trade measures for Ukraine, he tweeted. Source Link
After yesterday’s meeting with the President of the European Council, Charles Michel, the President of Serbia, Aleksandar Vučić, noted that trade between Serbia and the European Union increased by 33 percent in the first four months of this year. The projection is that the value of this trade will exceed 50 billion euros in the … Read more
The Moldovan authorities announced today new export conditions to Turkey for agricultural products of plant origin, the Ministry of Agriculture and Food Industry (MAIA) has reported. “Economic operators intending to export agricultural products of plant origin to Turkey from 1 June this year shall be required to present original phytosanitary certificates with a handwritten signature … Read more
Turkey is the third-largest country in Kazakhstan’s foreign trade turnover – 6.5%. The country accounts for 4.2% of Kazakhstan’s total imports, and 7.2% of its exports, Kazinform cites the State Revenue Committee of the Kazakh Ministry of Finance. Kazakhstan’s exports stood at $1,254.9mln and imports at $236.3mln to Turkey in the first quarter of this … Read more