The Moody’s Investors Service international ratings agency has forecast the Azerbaijani economy to grow by 1.8% in 2018, Petr Paklin, the agency analyst, said at the Moody’s Annual Azerbaijan Summit in Baku on May 25. He noted that Azerbaijan’s GDP growth was highly dependent on the level of oil prices. If the oil prices remain…
PJSC Ukrzaliznytsia intends in 2017 to raise tariffs for freight transportation by 22.5%, the company said in a press release, with reference to the draft consolidated financial plan posted on its website. According to the press service, the figures are calculated using international financial reporting standards. “Tariffs for passenger rail transportation will not be raised…
Kazakhstan plans to supply lentils, peas, barley and feed corn to the market of the United Arab Emirates, the Deputy Chairman of the Board of the National Chamber of Entrepreneurs of the Republic of Kazakhstan “Atameken” Nurzhan Altaev declared. To date, the parties are discussing the terms of supply of Kazakh products, he said. Altaev…
Looking at the influence of Latvia’s economy on retail trade industry in Q1 2016 and 2017 it becomes clear that future development of this industry depends on migration and inflation growth rates, as concluded in retail trade outlook Maxima Retail Trade Compass. In this outlook, Maxima Latvia experts provide their opinion on the situation in…
A total amount of foreign currencies bought in Tajikistan’s foreign exchange (forex) market since the beginning of this year is equivalent to $2.0151 billion, according to the National Bank of Tajikistan (NBT). Meanwhile, a total amount of foreign currencies sold in Tajikistan’s forex market since the beginning of the year is reportedly equivalent to $2.2586…
PrivatBank is going to appeal a ruling by Kyiv’s district administrative court, which found it illegal to forcibly swap PrivatBank’s certain obligations for shares of an additional issue by the bank, the so-called bail-in procedure. “The decision of the court of first instance will be appealed by us, and we will prove our position,” PrivatBank…
Board Chairman of PJSC Ukzaliznytsia Wojciech Balczun says that UAH 2.5 billion is planned to be invested in Lviv Railways in 2017. Speaking at a press conference in Lviv, Balczun stated that “a portion of these funds will be spent on infrastructure, another portion – on upgrading the rolling stock”. In particular, he noted that…