Nimax mulls equity sale
News from Emerging Markets
Russian economic growth will fall from 0.3 percent this year to zero percent in 2015, the Organization for Economic Cooperation and Development said Tuesday as it cut its forecasts for Russia's struggling economy, news agency Interfax reported. The OECD previously predicted that the Russian economy would grow by 0.7 percent this year.
India and the US on Tuesday laid out a work programme for the next one year to improve trade ties as they concluded the first ministerial level Trade Policy Forum meeting in four years, but failed to spell out substantive targets in getting there.
The Iranian Customs Administration announced that exports of Pharmaceuticals from Iran have exceeded $60mln in the first 7 months of the current Iranian year (March 21-October 22). Iran sold 4,224 tons of pharmaceutical drugs with the total worth of $64,586,678. The products include 0.33 percent of the country's whole exports.
The Organization for Economic Cooperation and Development has upgraded Turkey's consumer price inflation forecast for this year and next year, a new report released Tuesday said. The report also predicted a gradual increase in unemployment during the next two years.
In 2014-2028, Polish energy concerns plan to increase their power generation capacity by 18 GW. In the meantime, power units producing in total 5.2 GW are to be gradually shut down.
Turkey's natural gas law, which is currently under revision for liberalization, was debated at the seventh International Energy Congress and Fair on Tuesday. Experts called for a more liberal and flexible law to facilitate imports during the session chaired by Anadolu Agency's Director General Kemal Ozturk on Tuesday.
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