Central Bank of Azerbaijan lowers refinancing rate
BAKU: The Central Bank of Azerbaijan (CBA) has lowered the refinancing rate from 7.5 percent to 7.25 percent as of May 1, Trend reports via CBA.
The CBA data shows that the upper limit of the interest rate corridor was lowered from 8.5 percent to 8.2…
EBRD discloses current loan portfolio in Kyrgyzstan
BISHKEK: The loan portfolio of the European Bank for Reconstruction and Development’s (EBRD) projects in Kyrgyzstan was estimated at 232 million euros as of February 29, 2024, Trend reports.
According to the EBRD, the portfolio was designed for the i…
Uzbekistan shares volume of investments in 1Q2024
TASHKENT: Uzbekistan implemented 107.1 trillion soums ($8.4 billion) of investments in fixed capital from January through March 2024, Trend reports.
The data from Uzbekistan’s Statistics Agency shows that this number has increased by 89.2 percent yea…
ADB urges Tajikistan to prioritize green urbanization
DUSHANBE: The Asian Development Bank (ADB) urges Tajikistan to prioritize green, sustainable, and inclusive urbanization, Trend reports.
The ADB emphasizes that urbanization can benefit Tajikistan by allowing it to capitalize on the demographic divid…
Azerbaijani oil prices tumble
BAKU: The price of Azerbaijani Azeri Light crude oil based on CIF in the Italian port of Augusta on April 30 fell by $0.67, standing at $89.1 per barrel, compared to the previous indicator, Trend reports, referring to the source from the country’s oil…
Czech Republic pursues diverse gas supply routes amid coordination for Solidarity Ring (Exclusive)
BAKU: The Czech Republic coordinate becoming part of the Solidarity Ring initiative with its neighbours, a source in the Ministry of Industry and Trade of the Czech Republic told Trend.
“Being aware of the fact that joining the Solidarity Ring would …