Kazakhstan to cooperate with China in the sphere of space technologies

Kazakh Ambassador in China Shakhrat Nuryshev met with Vice President of the Aerospace Long-March International Trade Co. Ltd (ALIT) Zhao Chunchao in Beijing

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Kazakhstan: FAM to improve work with investors

Erlan Idrissov, Minister of Foreign Affairs of Kazakhstan, came up with a number of proposals to improve work with foreign investors. He said that the No

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Kyrgyzstan: idle water discharge made at Toktogul and Uch-Kurgan reservoirs

Idle water discharge was made at the Toktogul and Uch-Kurgan reservoirs, the expert Rasul Umbetaliev said. According to him, Electric Stations JSC intentionally publish hydropower data of Toktogul HPP intermittently

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Uzbekistan: GM Asaka plant starts maintenance works

Annual planned maintenance works were started at the automobile plant of GM Uzbekistan in Asaka city (Andijan region) on August 8, the press service of the company said

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Azerbaijan: EIA retains forecast for oil production

Daily oil production in Azerbaijan will be 0.85 million barrels in 2016 and 0.81 million barrels in 2017, according to the forecasts of the US Energy Information Administration (EIA), included in the Short-term Energy Outlook for August 2016

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Belarus: inflation up in July 2016

Belarus saw a 0.4% inflation growth in July and 7.8% in January-July, the National Statistics Committee (Belstat) said. In January Belarus’ consumer prices grew by 1

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Belarus reporting $148.7 million foreign trade deficit in H1 2016

Belarus’ foreign trade deficit totaled $148.7 million in January-June, compared to a $783.1 million surplus in January-June 2015, the National Bank of Belarus said

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Belarus: rates of excise tax on cigarettes to go up in 2017

Belarus’ government is considering a bill amending the Tax Code, which suggests that the rates of the excise tax on cigarettes should be raised on January 1, 2017 by 4

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Belarus: oil refineries output up H1 2016

Belarusian oil refineries processed 11.937 million tons of crude in January-June, up by 0.5% YoY, Belneftekhim reported. In H1 Belarusian oil refineries increased output of the AI-95 petrol by 30%, kerosene – by 40%, bitumen – by 43

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Belarus: proceeds from liquefied gas export to Ukraine down in January-May 2016

Liquefied gas exports to Ukraine by Belarus’ state oil and gas production monopoly Belorusneft edged down by 7.5% YoY in January-May 2016 to $26

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Belarus working hard to increase bilateral trade with India

Belarus and India closely cooperate to raise the mutual trade to $1 billion. Ambassador Extraordinary and Plenipotentiary of India to Belarus Pankaj Saxena made the statement during the press conference in anticipation of India Independence Day

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Belarus: import of goods and services down in H1 2016

In January-June Belarus reduced the import of goods and services by 11% to $14.15 billion in comparison with the same period last year, the official website of the National Bank of the Republic of Belarus reported

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Belarus: manufacturing output up in H1 2016

State support helped the companies affiliated with the Industry Ministry increase output, Belarus’ Prime Minister Andrei Kobyakov said

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Belarus: revenues from export trade in oil products and potash down in January-May 2016

Belarus’ revenues from export trade in oil products and potash fertilizers dropped by $1.7 billion in January-May due to low prices, Belarusian Prime Minister Andrei Kobyakov said

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Belarus: business community to evaluate impact of regulatory acts on business environment

Representatives of Belarus’ business community will be authorized to evaluate the regulatory impact of regulatory acts on business environment, in accordance with a bill prepared by the Economy Ministry of Belarus

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Azerbaijan ready to encourage non-cash payments through tax decrease

It is planned to decrease tax rates in order to encourage non-cash payments in Azerbaijan, the country’s Deputy Taxes Minister Ilkin Valiyev said

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Azerbaijan: SOCAR commissions new well at oldest field in Caspian Sea

Azerbaijan’s state oil company SOCAR will produce over 7,660 tons of oil annually through commissioning a new well at the offshore Oil Rocks field, SOCAR said in a message

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Turkey: Ankara offers to connect Turkish Stream to TANAP

Turkey’s Foreign Minister Mevlut Cavusoglu has offered to connect the Turkish Stream pipeline, which is being developed by Russia, to the Trans-Anatolian Natural Gas Pipeline (TANAP), via which Azerbaijani gas will be delivered to Europe in 2020

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Azerbaijan: American Chamber of Commerce welcomes tax reforms

American Chamber of Commerce in Azerbaijan (AmCham) welcomes Azerbaijani president’s order dated August 4, “On improvement of tax administration and approval of directions of reforms in taxation in 2016”

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Belarus: Belneftekhim reports $339 million foreign trade surplus in H1 2016

Companies controlled by Belarus’ petrochemical industries concern Belneftekhim produced a $339 million foreign trade surplus in January-June, Belneftekhim said in a release

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