Beijing authorises $15bn investment in Chinese transport infrastructure

Chinese transport infrastructure:  China’s National Development and Reform Commission (NDRC) yesterday gave the green light to eight…

Moscow increases subsidies for Russian auto industry

Moscow is to increased subsidies for the beleaguered Russian auto industry from RUB10bn to RUB15bn, it announced on Friday,…

Russian Railways promised $1.2bn for major infrastructure projects

Russia’s government has pledged to increase the charter capital of state railroad monopoly Russian Railways by $1.2bn to help…

Subsidies for Russian car industry announced as high interest rates cripple sales

Subsidies for Russian car industry: Russia’s  Ministry for Trade and Industry today announced that it was to…

United Aircraft Corporation promised $1.7bn cash injection

Russia’s largest aircraft manufacturer, the United Aircraft Corporation  is to be given  an RUB 100bn ($1.7 billion)…

Tajikistan builds new town in the desert in northern Sughd province

Tajikistan builds new town in the desert: Tajik President Emomali Rakhmon yesterday attended a ceremony to…

199 Russian companies listed for state aid

199 Russian companies listed for state aid: Russia’s Ministry for Economic Development yesterday published a list of 199…

$21bn Russian anti-crisis plan prioritises mono-towns and banks

Russian anti-crisis plan: Russia’s First Deputy Prime Minister Igor Shuvalov this week outlined details  of the government’s…

Uzbekistan announces $48bn investment programme

Uzbekistan announces $48bn investment programme: Uzbekistan’s Cabinet of Ministers today  (January 27) unveiled plans to invest…

Russian banking system promised $15bn safety net by Medvedev

Russian banking system:  Russia’s Prime Minister Dmitri Medvedev has pledged to give the country’s banks RUB1…

Kazakh mining industry to enjoy KTZ 1.3tr investment in 31 projects

The Kazakh mining industry is to benefit from KTZ1.3 trillion worth of investment over the next three…

Kazakh single-industry towns to get government help

Kazakh single-industry towns: Kazakhstan’s  Interdepartmental Commission for Regional Policy yesterday approved a three-year plan focussing on the sustainable…

Nazarbayev announces investment in schools, utilities and SMEs

Nazarbayev economic plan: Kazakhstan’s President Nursultan Nazarbayev  plans to channel $3bn each year for the next three…

Russian-Kyrgyz Development Fund to be established

Russian-Kyrgyz Development Fund: The Russian and Kyrgyz governments have agreed to establish a Development Fund to promote…

Crimean railways investment plans increased by $3bn

Crimean railways investment: The Russian Ministry of Transport is proposing to invest a further RUB135bn in Crimea over the…

Azeri high-tech sector to develop cutting-edge chip production

Azeri high-tech sector: Azerbaijan’s government has announced that it is to allocate $7m to its ICT sector…

Kazakh light industrial sector in modernisation drive

Kazakh light industrial sector The Kazakh government is embarking on a 5-year  plan to modernise the country’s light industrial sector.…

Crimean Special Economic Zone approved to attract investment

Crimean Special Economic Zone: The Russian Cabinet yesterday approved the establishment of a free economic zone in Crimea to attract investors who will be…

Azerbaijan wine industry gets government funding

Azerbaijan wine industry: The government in Azerbaijan is to put funds into the development of the country’s…

Joint Russian Indian investment fund for high-tech projects proposed

Joint Russian Indian investment fund: Russian and India are discussing the possibility of establishing a joint fund…

$4bn Kazakh urban development programme unveiled

Kazakh urban development programme: Kazakhstan’s Ministry of National Economy is reported to be planning to spend…

Kazakh single-industry town allocated $1.2bn govt funding

Kazakh single-industry town: The Western Kazakh town of Kulsary whose economy has historically been dependent on petroleum…

Kyrgyz-Russian Development Fund gets $1bn capital

Kyrgyz-Russian Development Fund: The Russian government has approved a draft law that will see a Kyrgyz-Russian Development Fund…

Russian business clusters proposed

Russian business clusters: Russia’s Ministry of Economic Development last week put its weight behind proposals to create…