Azerbaijan: AIIB ready to co-operate with private sector

The Asian Infrastructure Investment Bank (AIIB) will cooperate with the private sector in Azerbaijan, whenever possible, to invest in infrastructure projects which meet the bank’s mandate, strategy and standard, a source in AIIB reported. The source added that mobilizing private capital was one of AIIB’s priority. “AIIB is interested in financing infrastructure investment projects in…

Latvia: April 2017 retail trade turnover up

Compared to April 2016, total retail trade turnover rose by 2.8% in April 2017. Turnover of retail trade in food products increased by 1.7% and turnover of retail trade in non-food products grew by 4%. The most significant growth in turnover in the non-food product group was recorded in retail sale of information and communication…

Azerbaijan: inflation to drop to single digits

The Central Bank of Azerbaijan (CBA) believes attainment of a single-digit rate of inflation by late 2017 is feasible, CBA head Elman Rustamov said on May 30. “The forecasts of international organizations, including the International Monetary Fund and the World Bank, for the rate of change of consumer prices in Azerbaijan are positive,” he said.…

Ukraine: DTEK Prydniprovska and DTEK Kryvorizka TPPs re-launch power units to shape up for summer peaks

DTEK Prydniprovska Thermal Power Plant re-connected one of its power units to the grid. DTEK Kryvorizka TPP reactivated its powers units earlier. Thus, the thermal power plants have confirmed their readiness to ensure stable operation of Ukraine’s energy system during summer peaks. This is the first unit reactivation since April when DTEK Prydniprovska and Kryvorizka…

Ukraine: average salary down in April 2017

In April the average salary of a full-time employee across Ukraine totaled UAH 6,659, down by 1.4% MoM and up by 36% YoY, according to the State Statistics Service of Ukraine. The average salary in April exceeded the minimum wage of UAH 3,200, 2.1-fold. According to the State Statistics Service, the actual salary decreased by…