IMF mission presented the report on economic situation in Belarus. The report mentions that during 2015-2016 economic condition in Belarus was defined by “the decrease in national currency rate, salaries and at the same time growth of unemployment”. Moreover, IMF forecasts further economic decrease. Without structural reforms minor growth (+0.5%) can be expected in 2018.…
Harvesting campaign in Kazakhstan is coming to its end. Kazakh farmers gathered 22 MMT of grain from 95% of the intended area owing to high productivity. Average grain yields in the country surpassed the last year’s level by 25%. As expected, this season Kazakhstan will obtain record high grain crop over the last five years.…
The government of Georgia signed an agreement that grants the Anaklia Development Consortium (ADC) the exclusive right to construct, develop and operate the $2.5 billion Anaklia deep seaport, which would help establish a new maritime corridor from China to Europe. As part of the agreement, the government will invest $100 million in the construction and…
DTEK Energy Operating Company in the framework of restructuring its loan portfolio will transfer Obukhovskaya mine directorate (the Russian Federation) together with borrowings of $436 million to DTEK strategic holding for direct control. According to the press service of the holding, this will allow to reduce the loan portfolio of DTEK Energy that will improve…
Britain’s Crown Agents will not be able to supply three out of 214 pharmaceuticals from the procurement list bought using 2015 national budget funds. There is no alternative to the drugs in Ukraine today. Crown Agents reported that Lamivudinum (1,200 mg, 69th on the list) would not be bought due to the impossibility of buying…
The downward trend in Ukrainian export market changed to some price growth. Last week wheat export prices strengthened. The prices for 2nd grade wheat (12.5% protein) grew by $1 to $168-170/MT FOB, while 3rd grade wheat prices (11.5% protein) reached $161-164/MT FOB for October delivery. Some recovery of importers’ demand for October-November was observed on…