▲ Up
 
15:29 25-05-2015
MAIN Russian
About us On-line subscription
KazakhstanTajikistanUzbekistanKyrgyzstanTurkmenistanWorld
POLITICSBUSINESSINCIDENTSSOCIETYCULTURESPORTANALYSISSCIENCE
N.Korea's economy grows in face of sanctions

Bishkek (AKIpress) - North Korea's closed economy rose last year at a slightly slower pace compared to 2013, South Korea's central bank data showed on Friday, even as the United Nations toughened sanctions for its nuclear and missile programs, Reuters said June 27.

Trade in the impoverished country, under the iron rule of the Kim family for more than 60 years, stood at an all-time high since records were first kept in 1990.

North Korea does not release economic data. The Bank of Korea across the border is the only official government entity that provides estimates about the economic performance of the North.

Despite the expanded output, North Korea's economy and trade was just a fraction of industrial powerhouse South Korea, with a continued heavy reliance on China, its main benefactor.

The slower pace of growth also dimmed a high-profile policy of leader Kim Jong Un to bring prosperity and higher standard of living for its people with a massive construction drive.

North Korea is heavily sanctioned under U.N resolutions, for its nuclear and missile tests dating back to 2006, and its ties with South Korea have been cut back sharply after Seoul suspended most commercial projects and aide since 2010.


Twitterfacebookprint
11:19 27.06.2014
LATEST NEWS
15:21 There still remain circumstances in Afghanistan that could trigger a mass influx of refugees to Central Asian countries: UNHCR Regional Representative15:08 Nursultan Nazarbayev meets with American business magnate Stephen Wynn15:06 Experts discuss organization of TB control for next 10 years14:39 Ombudsman's Office: Forensic examination reappointed into alleged sexual abuse of two minors14:08 Central Bank of Uzbekistan denies suspension of currency exchanges14:00 Malaysian police find 139 suspected migrant graves13:38 Turkmen artists perform in Tokmok13:36 Over 400 illegal migrants from Uzbekistan detained in Kazakhstan13:31 Residents of Batken, Leilek districts complain about of sheep wool13:15 Delegation from Kuwait arrives13:06 Kyrgyzstan interested in expanding cultural cooperation with countries of Silk Road – Culture Ministry12:58 'Beautiful Mind' mathematician John Nash killed in crash12:43 Sharp depreciation of USD against TJS seen in Tajikistan12:33 Russian economists join Board of Directors of Kyrgyz-Russian Development Fund12:18 Iraq regains ground from Islamic State; mass deaths reported in Palmyra12:17 Budget expenditures forecasted to reach 131.5 bln som this year12:10 FAO signs partnership and liaison office agreement with Kazakhstan12:01 Kazakhstan to give $200,000 humanitarian aid to earthquake-hit Nepal11:40 Russian Prime Minister signs free trade zone deal between Eurasian Economic Union and Vietnam11:38 Vast majority of citizens consider corruption serious problem for state administration – study
Astana
+15° C
Ashgabat
+30° C
Bishkek
+21° C
Dushanbe
+19° C
Tashkent
+24° C
exchange rates
 
65.24
58.43
9.43
1.17
207.46
185.80
29.98
3.73
6.98
6.27
1.01
0.13
2710.18
2512.73
405.44
50.01
3.86
3.50
0.56
0.07

© AKIpress News Agency - 2001-2015. All rights reserved
Republication of any material is prohibited without a written agreement with AKIpress News Agency. Any citation must be accompanied by a hyperlink to www.akipress.com.
Our address:
Moskovskaya str. 189, Bishkek, the Kyrgyz Republic
e-mail: english@akipress.org, akipressenglish@gmail.com;
Tel/Fax: +996(312)90-07-75