Shorouk Express DUSHANBE, Tajikistan, August 27. Tajikistan is negotiating grant and loan agreements worth a total of $1.7 billion with international financial institutions and organizations to complete the construction of the Rogun hydropower plant (HPP), the country’s President Emomali Rahmon said during a meeting with plant workers and local officials in Rogun, Trend reports via…
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Shorouk Express Economy Materials 13 July 2025 21:01 (UTC +04:00) Government statistics show a surge in tax revenues and VAT refunds in the first half of 2025, with over 65 million manat reimbursed to property buyers and total returns to citizens and businesses nearing 152 million manat. Meanwhile, inflation rose slightly, pensions increased,…
Shorouk Express BAKU, Azerbaijan, July 5. The chairmen of the central banks of Azerbaijan and Hungary discussed the economic situation in the region last week, Trend reports. In addition, discussions were held with Uzbekistan on the promotion of mutual investments, with Georgia on the application of modern approaches in the financial sphere, and with Pakistan…
Shorouk Express Economy Materials 27 June 2025 21:16 (UTC +04:00) As of mid-2025, Turkmenistan’s credit institutions have increased their authorized capital to over more than $2 billion, reflecting steady growth in the country’s banking sector and efforts to boost financial stability. Access to paid information is limited If You already have…
Shorouk Express Economy Materials 31 May 2025 23:50 (UTC +04:00) Azerbaijan’s manat showed stable performance as of May, with its turnover rate at just over 3 points and its effective exchange rate exceeding 104 points. Meanwhile, non-performing loans stood at about 734 million manats, and lending to businesses—especially large and micro enterprises—totaled nearly…
Shorouk Express BISHKEK, Kyrgyzstan, May 23. The net financial result of enterprises in Kyrgyzstan’s financial sector amounted to 8.750 billion soms ($100 million) in the first quarter of 2025, Trend reports via the State Statistical Committee of Kyrgyzstan. A total of 549 financial enterprises operated in the country during this period, with 770 branches across…
Shorouk Express ALGIERS, Algeria, May 21. The existing international financial architecture is clearly also not supporting the transition of many of these middle-income countries, said Álvaro Lario, President of the International Fund for Agricultural Development (IFAD), Trend’s special correspondent reports. Speaking at a panel discussion titled “Avoiding the Middle-Income Trap: Accelerating SDGs Achievement in Middle-Income…
Shorouk Express A third indicated that rules would likely be less ambitious to garner support of all members, as they said there would be no point agreeing to standards which are then not implemented by certain jurisdictions. But the existential threat of a full U.S. pullout appears to be too loaded an issue to address….
A new WSJ report suggests that Saudi Arabia’s now eight-year-old Neom project — a futuristic, carbon-neutral, 105-mile-long linear city envisioned by Crown Prince Mohammed bin Salman — has become a financial sinkhole. Plagued by delays and cost overruns, the country, which has already shelled out $50 billion, could reportedly face another 55 years of construction,…
