Tag Archives: expected

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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North Korean foreign minister expected to begin Russia visit

MOSCOW. Sept 30 (Interfax) – North Korean Foreign Minister Ri Su Yong is expected to arrive in Russia on Tuesday for a visit, which will last for several days. Speaking to Interfax, a source in the North Korean Embassy in … Continue reading

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Armenian govt approves 2015 budget with 2.3% of GDP deficit

YEREVAN. Sept 25 (Interfax) – The Armenian government on Thursday approved a 2015 budget draft with real GDP growth of 4.1% and a budget deficit of 114.1 billion dram, or 2.34% of GDP. First Deputy Finance Minister Pavel Safaryan presented … Continue reading

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Russian oil production to stabilize at 525 mln tpa until 2017 – ministry (Part 2)

MOSCOW. Sept 8 (Interfax) – The Russian Energy Ministry forecasts oil production will stabilize at or around 525 million tonnes a year until 2017. The ministry’s press office told Interfax that according to the forecast, which Deputy Energy Minister Kirill … Continue reading

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Kazakh government forecasts 5% GDP growth in 2015

Kazakhstan’s government approved the economic forecast for 2015-2019 at a meeting on Wednesday, the Ministry of National Economy said. According to the forecast, real GDP growth in 2015 is expected to reach 5%, followed by 5.6% in 2016, 6.8% in … Continue reading

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Alrosa noting trend change on diamond market in 2014 – no seasonal volatility

The diamond market became more stable in 2014 due to a change in the existing trend, which expected a fall in prices from April-September amid a seasonal weakening in the demand for diamonds, the head of the Alrosa’s (MOEX: ALRS) … Continue reading

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Lukoil plans to up hydrocarbons output 3.7% to 121 mln toe in 2014 (Part 3)

Lukoil (MOEX: LKOH) plans to raise hydrocarbons output 3.7% to 121 million tonnes oil equivalent (toe) in 2014, the company said in materials. Oil production is targeted to rise 5.7% to 96 million tonnes. Gas production is expected to fall, … Continue reading

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Russian current account surplus could widen to $35 bln in 2014 – Central Bank

Russia’s current account surplus could widen to $35 billion in 2014, from $32.8 billion last year, the Central Bank said in a monetary policy report. Merchandise imports are expected to fall, and capital outflow, which surged at the beginning of … Continue reading

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Government to spend 44 bln rubles on exploration in five prospective zones

The cost to operate at five prospective zones where the government is prepared to accept the risks of searching for hydrocarbons is estimated at 44.3 bln rubles, Sergei Natural Resources and Environment Minister Sergei Donskoi said in a presentation. It … Continue reading

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Mondelez to invest 3.5 bln rubles in construction of chocolate factory near Novosibirsk

LLC Mondelez-Rus will invest 3.5 billion rubles into the construction of a plant to produce chocolate and cookies at the Industrial and Logistics Park in the Novosibirsk region, a source familiar with the company’s plans told Interfax. The enterprise is … Continue reading

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