JSC «Batys tranzit» (Almaty), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release of July 18, 2013: quote Joint-stock company «Batys tranzit» in order to increase the volume of electricity transmitted over its power lines in the period from August 2012 to May 2013 constructed two one-chain high voltage power lines with a voltage of 220 kV for external electricity supply of the melting unit No. 4 of the branch of Aktobe ferroalloys plant of JSC «TNC Kazchrome»
Almaty, 17 July 2013. How long-term investments can be stimulated in the current context of financial and economic instability? Igor Finogenov, Chairman of Eurasian Development Bank’s (EDB) Management Board, discussed this pressing issue in his speech at the Long-Term Investments as a Guarantee of Sustainable Growth conference, which opened today in Moscow
Almaty, 17 July 2013. In Q1 2013 the CIS economies faced a 0.2% reduction in industrial production caused by a slowdown or decrease in exports and investments in almost all CIS countries. This retarded the annual growth of the CIS’ aggregate GDP, which stood at 1.7%. This conclusion is suggested in the new issue of The CIS Macromonitor published by Eurasian Development Bank’s (EDB) Research Department
Armenia’s GDP growth accelerated to 7.5% in the first quarter of 2013, according to «Macro-monitoring of the CIS» published by the Eurasian Development Bank.
Such economic activity in Armenia is due to high industrial growth rate as a result of increase in agricultural output processing, metal ore mining and primary metal manufacturing, as well as due to relatively strong domestic demand risen by migrants’ transfers (+8.7%)
Belarus’ inflation is expected to reach 15 percent in 2013, the Eurasian Development Bank (EDB) said in its report released on July 17.
The EDB warned that the country would have an even higher inflation rate if the National Bank of Belarus lowered its base refinance rate too fast or if the government failed to pursue a tight fiscal policy
Almaty, 11 July 2013. A two-day High-Level Development Conference closed in Bishkek on Thursday, in the Ala-Archa State Residence. Eurasian Development Bank’s (EDB) delegation headed by Sergey Shatalov, Deputy Chairman of the Management Board, took part in the event.
The conference brought together Kyrgyzstan’s top management, including Prime Minister Zhantoro Satybaldiyev who opened the forum and heads of the country’s key ministries
Almaty - The energy intensity of the Single Economic Space (SES) countries and Ukraine is significantly higher than the world’s average and this impacts their competitiveness. This is stated in Eurasian Development Bank’s (EDB) report Improving Energy Efficiency in the SES States and Ukraine.
The report by the Bank’s Research Department points out to positive trends that have emerged in this area in recent years. However, the countries need further modernisation and should renew equipment to improve their energy efficiency.
The improvement of energy efficiency is part of national development policies in Belarus, Kazakhstan, Russia and Ukraine. These countries have the respective laws, programmes and roadmaps, however not all initiatives in this area go as far as they should.
Belarus is the most successful country in terms of improving energy efficiency. Since 2000 it has reduced energy intensity by 50% thanks to comprehensive policies in the area. With the adoption of the Law On Energy Saving the improvement of energy efficiency in the country was systematised and made the country’s priority
Moscow, 4 July 2013. Eurasian Development Bank (EDB) and the Tikhvin Freight Car Building Plant signed today a loan agreement, under which the Bank will provide to the plant a loan of RUB 1.1 billion for the purchase of raw materials, supplies and components
New high-voltage transmission lines have been commissioned in Aktobe Region.
Almaty, 4 July 2013. Two 220 kV single-circuit transmission lines of 37 km each from the Ulke substation to the substation of the Aktobe ferroalloy plant were commissioned today. The construction of these lines was financed by Eurasian Development Bank (EDB)