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With 17.2% growth of foreign direct investments in Azerbaijan their share in foreign capital flow dropped to 66.6%
Published: April 3, 2008 11:23
April 3, 2008 - April 5, 2008

The National Bank of Azerbaijan running payment balance statistics has registered 17.2% growth (compared to 2006) of foreign direct investments in country’s economy in 2007 against the background of total investments growth of 32.1%.

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Russia goes most of path to WTO joining
Published: March 3, 2008 11:02
March 3, 2008 - March 4, 2008

“There remains a limited list of issues to be settled,” Minister of Economic Development and Trade Elvira Nabiullina said in an interview to the newspaper Vremya Novostei.

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Delegation of German business community visits Uzbekistan
Published: March 3, 2008 10:55
March 3, 2008 - March 4, 2008

A delegation of the representatives of business community of the Federative Republic of Germany headed by the Federal Minister of Economics and Technology Michael Glos paid a visit to the Republic of Uzbekistan on 26-27 February 2008.

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Volume of bilateral trade between Uzbekistan and Belarus up 62.7%
Published: February 27, 2008 10:16
February 27, 2008 - February 28, 2008

Uzbekistan is the fifth among Belarus' largest foreign trade partners. Thus, in 2007 the volume of bilateral trade between the countries grew by 62.7% to US$114.695 million from US$70.47 million in 2006.

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Azerbaijan foreign trade turnover exceeded $1.12 bn this January
Published: February 27, 2008 10:02
February 27, 2008 - February 28, 2008

The State Customs Committee informed that for the reported term Azerbaijan exported commodities of 473 names in the amount of $626.186 million (+58.13% or $230.18 million by January 2007) and imported goods of 2,636 names in the amount of $494.3 million (+26.91% or $104.8 million).

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Hungary - New civil code designed to improve business environment - paper
Published: February 18, 2008 10:53
February 18, 2008 - February 19, 2008

The draft for Hungary's new civil code is expected to be ready by April and aims to provide a more calculable and stable regulatory environment for businesses and private individuals.

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Positive balance in Uzbekistan's foreign trade turnover exceeds US$3.5bn
Published: February 15, 2008 11:38
February 15, 2008 - February 18, 2008

The volume of exports increased by 40.7% in 2007, outstripping that of imports. This allowed to gain positive balance in the foreign trade turnover worth over US$3.5 billion and raise almost 1.5 times the country's stock of gold and currency.

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Nazarbayev announces moratorium on business inspections
Published: February 15, 2008 11:15
February 15, 2008 - February 18, 2008

“Controlling bodies hamper business development. We should control, as it is a necessary measure. But we need order,” he said.

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Moldova increases export of goods by 27.6 per cent in 2007
Published: February 13, 2008 15:00
February 13, 2008 - February 14, 2008

The goods Moldova exported in 2007 were estimated at about 1.342 billion dollars, up by 27.6 per cent compared with 2006, according to data put out by the National Statistics Bureau (BNS).

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Uzbekistan records highest ever growth of investments last year
Published: February 13, 2008 14:53
February 13, 2008 - February 14, 2008

Speaking at the meeting, the Uzbek leader noted that the total volume of investments in the country's economy rose by 23% to comprise over US$4.3 billion equivalent.

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Trade between Turkmenistan and Russia up 1,5 times in 2007
Published: February 11, 2008 15:19
February 11, 2008 - February 12, 2008

Trade between Russia and Turkmenistan grew 46,9% to US $ 453,6 million in 2007 as compared to the same period in 2006 (US $ 308,8 million).

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Tehran-Astana trade exchanges at USD2.5b in 2007
Published: February 11, 2008 15:07
February 11, 2008 - February 12, 2008

Utembayev made the remark in a news conference in Kazakhstan Embassy in Tehran, adding that the figure stood at only about dlrs 600 million in 2003 and that multiple growth shows the speedy increase of bilateral ties between the two nations.

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Russia reports 24% increase in foreign trade to $580 bln in 2007
Published: February 6, 2008 10:19
February 6, 2008 - February 7, 2008

Sergei Naryshkin, in charge of foreign economic ties, said exports accounted for 60% of Russia's foreign trade in 2007.

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Over 2007 Azerbaijan foreign trade turnover exceeded $11.7 bn
Published: February 4, 2008 10:23
February 4, 2008 - February 5, 2008

The State Customs Committee informed that for the reported term Azerbaijan exported commodities of 2,454 names in the amount of $6,058,299,400 (-4.93% or $313,863,300 against the 2006 same term) and imported goods of 6,755 names in the amount of $5,708,563,500 (+8.39% or $441,859,100).

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Azerbaijan ratified agreement with Croatia on investment promotion and protection
Published: February 4, 2008 10:18
February 4, 2008 - February 5, 2008

Azerbaijani Parliament ratified Azerbaijani-Croatian intergovernmental agreement on Mutual Investment Promotion and Protection signed on October 2, 2007 in Baku, yesterday at the first plenary meeting of spring session 2008.

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Russia, Belarus and Kazakhstan to establish Customs Union
Published: January 30, 2008 09:59
January 30, 2008 - February 1, 2008

The documents were signed by the respective prime ministers of the three Eurasian Economic Community (EurAsEC) countries at a meeting of the Eurasec Interstate Council under a plan to establish the Customs Union by 2010.

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Business associations unveil measures to improve Belarus’ business environment
Published: January 30, 2008 09:45
January 30, 2008 - February 1, 2008

The measures are called collectively the National Platform for Belarusian Business 2008, Uladzimir Karahin, chairman of the Minsk City Union of Entrepreneurs and Employers.

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Austrian business representatives interested in strengthening trade relations with Moldova
Published: January 30, 2008 09:29
January 30, 2008 - February 1, 2008

Moldovan President Vladimir Voronin today received the director general for external economic relations at the Austrian Federal Economy and Labour Ministry, co-head of the Moldovan-Austrian inter-governmental commission for economic cooperation, Johann Sachs, on a visit to Moldova.

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Uzbekistan, Poland focus on further deepening economic interaction
Published: January 16, 2008 10:55
January 16, 2008 - January 17, 2008

The year 2007 was a significant period in the Uzbek-Polish trade and economic relations, which laid grounds for and determined the main directions and priorities for further development and expansion of bilateral cooperation between Uzbekistan and Poland.

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In 2007 foreign trade turnover of Azerbaijan reached $10.9 bn with deficit of $427.7 million
Published: January 14, 2008 17:09
January 14, 2008 - January 15, 2008

he State Customs Committee (SCC) implemented the 2007 forecast on customs duties and taxes by 100.3%.

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