Belarus: EBRD revises 2017 growth forecast

The European Bank for Reconstruction and Development (EBRD) has revised upward the forecast for Belarus’ GDP growth to 1.5% in 2017, according to the Bank’s website. In 2018 the Belarusian economy will expand by 2%. The EBRD also revised Russia’s GDP forecast up to 1.8% in 2017. The bank also revised Russia’s GDP growth forecast…

Ukraine: electricity exports up in January-October 2017

Ukraine in January-October exported electricity valued at $209.293 million, in particular in October at $19.685 million. According to the State Fiscal Service, in January-October electricity was supplied to Hungary for the amount of $118.529 million, Moldova for $48.655 million, Poland for $31.485 million and other countries for $10.624 million. Thus, in monetary terms exports of…

Kazakhstan: tenge to strengthen

The National Bank of Kazakhstan notes a high probability of strengthening the tenge rate by the end of the year. According to the NBK Chairman Daniyar Akishev, currently, the foreign exchange market is stable. “The exchange rate fluctuates within the historically formed limits given the oil prices and exchange rates of trading partner countries. We…

Ukraine: NBU declares Bank Boguslav insolvent

The National Bank of Ukraine (NBU) has declared PJSC Bank Boguslav (Kyiv) insolvent, according to the central bank’s website. The NBU Board made corresponding decision No. 708-RSh/BT on November 6. “As of November 1, Bank Boguslav had not ensured the implementation of measures foreseen in the previously approved restructuring plan with respect to raising charter…

Turkmenistan becoming transport and logistics hub of international importance

Turkmenistan is turning into a country of major transport and logistics hubs of interregional and intercontinental importance located along the Silk Road, the country’s President Gurbanguly Berdimuhamedov said in an appeal to employees of the state customs service in connection with their professional holiday. Turkmenistan’s positions in the global economic space are being strengthened, he…

Ukraine: grain export rates down in 2017

Since the beginning of 2017-2018 MY, and as of November 1, Ukraine exported nearly 14 million tons of grains, down by 1 million tons YoY, the Head of the State Service of Ukraine for Food Safety and Consumer Protection (SSUFSCP), Volodymyr Lapa within frames of the second conference “Grain exports from Ukraine” declared. He noted…