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The director of the department of special economic zones of the Supreme Council for free and special economic zones of Iran, Jafar Akhangaran, considers that the lifting of sanctions gives the highest priority for foreign …
Turkey plans to invest $ 12.5 billion in Crimea. Crimean Prime Minister Sergey Aksenov attended a meeting with Turkish investors yesterday. "The first stage is in the amount of $ 1 billion," the head of the delegation of Turkish
The draft law on the ratification of the intergovernmental agreement between Moscow and Baku on the encouragement and mutual protection of the investments was approved by the Russian government commission on legislative activities. Now it will be …
Governor of Stavropol Territory Vladimir Vladimirov has signed a cooperation agreement with Rosneft. The document signed at SPIEF-2015 stipulates development of the investment climate in the region, realization of highly-efficient projects for …
Krasnodar Territory will present about 1,800 investment projects at the International Investment Forum Sochi-2015. The forum will focus on export potential and import substitution, financial market of Russia and changes in the Russian economy, …
Azerbaijan and Kazakhstan have agreed to build an underwater segment of Trans-Eurasian Information Super Highway (TASIM), as the Minister of Communications and High Technologies of Azerbaijan, Ali Abbasov, has informed.
State of Georgian debt is over $546 million. Georgia's external debt to 17 countries is $546.7 million, including $17 million to Azerbaijan. The biggest public credits are those from Germany - $189.7 million, Russia - $117.4 million, Japan - $55.8 million, the USA - $36.8 million, Turkey - $32.9 million, reports PanARMENIAN.Net.In addition Georgia has been given credit by international institutions, amounting to $2532.2 million. At present Georgia's external government debt is $3583.5 million.
The World Bank and the Azerbaijani Ministry of Transport have signed a credit agreement to enlarge the Baku-Shamahi-Mugan road. The World Bank is loaning $241.6 million, reports Trend.101 kilometres of the 122 kilometre-long road is planned to be rebuilt with the credit. The main aim in reconstructing the road is to double its width.11.08.2010
5 million euros will be made available to renovate the Yerevan underground train system, due to a credit agreement between Yerevan and the European Bank for Reconstruction and Development (EBRD) reports News.am. In total the project will cost 15 million euros.Apart from the EBRD, 5 million will be given by the European Commission as a grant and from the European Investment Bank as a credit. The rate of interest is 1 % over the base rate.
International investors have asked the Georgian authorities to sort out a number of problems.
The government of Armenia has provided $13.5 million from a Russian loan for financing the first stage of a program of the stabilization of the economy, Panorama.am reports, citing the government press-service. Premier Sarkisyan said that Armenia had developed clear conditions for a program aimed at stimulating export and tourism development. He said that the program was a success, and the economy grew by 8.8%. Which, he said, was the reasoning for the $13.5 million loan.
Khloponin: any republic of the Russian federation would envy Ingushetia's housing construction
Armenian Minister of Economy Nerses Yeritsian noted in his speech at the conference on money transfer that transfers have positive and negative aspects. The positive aspect is that they help cope with poverty, the negative aspect is that they create obstacles for the economic activity of the population. Transfers to Armenia's GDP from abroad has reached 12-13%. But in terms of crisis it is an unstable money flow, news.am reports.
Over 50 agreements were concluded in the framework of the Petersburg Economic Forum, amounting to about 15 billion euros, Arkadiy Dvorkovich, a presidential assistant said, reports RIA Novosti, the main information partner of the Forum.The merging of some companies is provided for in a number of agreements, such as the projects "North Stream" and "South stream", which now include "Gazprom" as well as some French energy companies.
The governor of the Krasnodar Krai, Aleksandr Tkachev thinks that the International Economic Forum in Saint-Petersburg and the International Investment Forum in Sochi can both help stimulate the intensive economic development of Russia, Yuga.ru reports.The forum in Sochi will take place on September 16th-19th. All the participants of the Saint-Petersburg forum have been invited there as well.
Heads of Arab banks, holding $2 trillion dollars in reserve, met inIstanbul. The International summit of the Arab banking sector willdiscuss the opportunities for cooperation in the process of coming outof the crisis, TRT reports.
Baku will hold an investment conference on the opportunities of business in Azerbaijan and the CIS countries on June 21-22, 1news.az reports, citing the Azerbaijani Ministry of Economic Development.The conference was organized within the framework of the 35th annual session of the board of directors of the Islamic Development Bank of the Islamic Corporation of Developing the Private Sector (ICD), the Azerbaijani Investment Company and the Azerbaijani Fund of Export Promotion and Investment (Azpromo).
A cooperation agreement between Turkey and South Korea was signedduring Turkish President Abdullah Gul's visit to South Korea, TRTreports.Gul was welcomed by South Korean President Lee Myung-bak at the 'BlueHouse' palace. They discussed economic and energy issues and signed 4agreements. Turkish Minister of Energy and Natural Resources TannerYildiz noted in his interview with TRT that the agreement he signedwith his South Korean counterpart will be finalised after the G20summit in Seoul.
USAID has started inviting investments in Georgian hydro-energy. Theproject was presented at the Courtyard Marriott hotel, Trend reports.Approximately $9 billion will be invested in the project. The projectis aiming at adding a renewable part of the energy system, namely anecologically clean 400 megawatt system. USAID said that the projectwill make Georgia energy-independent and it will sell energy to thegrowing Turkish and East European markets.
The head of Gazprom, Alexey Miller, discussed the terms for Frenchcompanies GDF Suez and EdF to take part in the 'Nord Stream' and'South Stream' projects, RIA Novosti reports, citing a statement bythe Russian energy giant.
