Tag Archives: increase

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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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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Forecast $100 oil in 2015-2017 realistic, but risks high – Ulyukayev

MOSCOW. Sept 18 (Interfax) – The Russian Economic Development Ministry’s baseline forecast for Urals oil prices in 2014 at $104 and in 2015-2017 at $100 per barrel is realistic, but there are high risks regarding oil prices, Economic Development Minister … 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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Russia could lose over 100 bln rubles from EU-Ukraine association – Putin

The association agreement signed between the European Union (EU) and Ukraine could cost Russia billions and force it to introduce protective measures, said Russian President Vladimir Putin. “Due to Ukraine adopting zero duties on EU imports (which is to take … Continue reading

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Danone invests 6 mln euro in treatment facilities at Lipetsk dairy plant

MOSCOW. Aug 25 (Interfax) – The Danone group has invested 6 million euro in the water and wastewater treatment facilities at Lipetskiy Molochnyy Kombinat, the company said in a press release. The company’s partner in the project was Enviro-Chemie, which … Continue reading

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MOEK sees RAS net loss grow 175% in H1 to 2.2 bln rubles (Part 2)

OJSC Moscow Integrated Power Company (MOEK) (MOEX: MOEK) saw net loss to Russian Accounting Standards (RAS) increase 175% year-on-year in January-June 2014 to 2.21 billion rubles, the company said in a report. Revenue declined 7.6% to 59.7 billion rubles, while … Continue reading

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Putin: Egypt pledges to increase agricultural produce exports to Russia by another 30% (Part 2)

SOCHI. Aug 12 (Interfax) – Egypt has pledged to increase exports of agricultural produce to Russia by another 30% in the near future, said President Vladimir Putin. Egypt has already expanded agricultural produce exports to Russia by 30%, Putin said … Continue reading

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Dragon Oil targets Cheleken capex at $1.5 bln in 2014-2016

Dragon Oil, which produces oil in Turkmenistan’s section of the Caspian Sea, targets capital expenditure for infrastructure and drilling in the Cheleken contract area at $1.5 billion in 2014-2016, the company said in its report on interim results for 2014. … Continue reading

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Kazakh state holding Tau-Ken Samruk acquires ShalkiyaZinc for $170 mln

Kazakh national mining company Tau-Ken Samruk has acquired 100% of leading zinc and lead producer ShalkiyaZinc for 31 billion tenge (about $170.3 million at the current exchange rate), Tau-Ken Samruk said in its annual report. The deal was transacted in … Continue reading

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