Monthly Archives: December 2014

Kazakhstan exports 3.3 mln tonnes of grain since July 1

ASTANA. Dec 26 (Interfax) – Kazakhstan has exported 3.293 million tonnes of grain and flour in grain equivalent so far in the marketing year that began on July 1, Nurbek Dairbekov, managing director at JSC Food Production Corporation, told Interfax. … Continue reading

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Microsoft to raise prices of products in Russia 15%-30% in Feb 2015, keeps transactions in rubles

MOSCOW. Dec 26 (Interfax) – Microsoft will raise prices of its products in Russia by 15%-30% in February 2015, the company said in a statement. “As part of our current business processes and in light of the current dynamics on … Continue reading

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Kazakh govt, National Bank to enhance national currency’s role

ASTANA. Dec 25 (Interfax) – The government and the National Bank of Kazakhstan announced a series of measures within the economic policy for 2015 to enhance the role of the national currency in the economy. To generate more bank savings … Continue reading

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U.S. to provide almost $50 million for development of air bases in Baltics

TALLINN. Dec 24 (Interfax) – The U.S. will provide $25 million for the development of the infrastructure of the air base in Amari near Tallinn, $10 million for the development of the air base Lielvarde in Latvia, and $13 million … Continue reading

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South Korea’s K Water to build $1-bln hydropower plant in Georgia

TBILISI. Dec 24 (Interfax) – The Georgian Partnership Fund and Korea Water Resources Corporation (K Water) have signed a deal to build the 280 MW Nenskra Hydropower Plant in the Svaneti region of Northwest Georgia at a cost of $1 … Continue reading

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SAP invests 20 mln euro in creation of own data center in Moscow

MOSCOW. Dec 23 (Interfax) -SAP CIS (the Russian division of Germany’s software developer, SAP AG) has invested 20 million euro in the creation in Russia of its own data processing center to provide cloud services to Russian clients, SAP SE … Continue reading

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Rostelecom to invest about $6.6 mln in network development in Armenia in 2015

YEREVAN. Dec 23 (Interfax) – OJSC Rostelecom (MOEX: RTKM) will invest about 3 billion dram ($6.576 million at the current exchange rate) in the development of the communication network in Armenia in 2015, the CEO of CJSC GNC-ALFA (a Rostelecom … Continue reading

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Kazakhstan, Ukraine could return to $4 bln trade – Nazarbayev

ASTANA. Dec 22 (Interfax) – Kazakh President Nursultan Nazarbayev told Ukraine’s President Petro Poroshenko at the meeting in Kyiv on Monday that the two countries need to restore and further increase the level of their economic cooperation. “Kazakstan broadly uses … Continue reading

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Georgia forecasts $1.15 bln foreign direct investment in 2014

TBILISI. Dec 19 (Interfax) – Foreign direct investment in Georgia is forecast at around $1.15 billion in 2014, Georgy Pertaya, the head of the National Investment Agency, told the press Thursday. “It is difficult to give an exact figure, but … Continue reading

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Bank recapitalization using entire 1 trln rubles in OFZ may not be needed – Siluanov (Part 2)

MOSCOW. Dec 19 (Interfax) – Banking sector recapitalization using the entire 1 trillion rubles in federal loan bonds (OFZ) may not be necessary, Finance Minister Anton Siluanov said in the State Duma on Friday. “I reiterate that the trillion rubles … Continue reading

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