The European Bank for Reconstruction and Development (EBRD) has forecast a 2% growth of Azerbaijan’s economy in 2018, according to the EBRD’s updated Regional Economic Prospects report. The bank forecasts Azerbaijan’s economy to contract by 0.5% in 2017, according to the report. After a brief period of volatility in the beginning of 2017, the Azerbaijani…
According to the Statistics Committee of the Republic of Kazakhstan, farms of all types held 10.33 MMT of cereals and pulses as of April 1, up by 16.5% YoY (8.86 MMT). Wheat inventories are up by 12.8%, at 8.65 MMT, including 6.75 MMT of milling wheat, 0.47 MMT of feed wheat and 1.43 MMT of…
The tax reform provides for a major increase of labor costs for small employers. In accordance with Finance Ministry’s offer, these companies will have to find more than EUR 13 million to, at the very least, maintain their business activities, Latvian Traders Association comments on the situation. Authors of the tax reform, on the other…
A pilot container train loaded with Belarus-made products has left the Belarusian city of Smorgon for China, the press service of Belarusian Railways reported. The train is loaded with fiberboards and laminated flooring made by the Smorgon-based company IOOO Kronospan. The project has been arranged by the Belarusian Railways enterprise Belintertrans – Transport-Logistics Center (BTLC)…
Since the start of the month, Agroinvestbonk, Tajikistan’s largest lender, began telling its clients that as of May 4 they would only be able to withdraw 500 somoni ($58) daily on their cards. Since February, the bank had been allowing account-holders to withdraw double that amount. Things have not quite yet got as bad as…
Azerbaijan’s Financial Market Supervisory Authority (FIMSA) has registered a prospectus of the Azerbaijani Central Bank’s short-term notes worth 25 million manats, FIMSA said on May 8. The message said 250,000 notes would be issued at a par value of 100 manats each, and their maturity period would be 28 days. A short-term note is a…
As of May 1, Ukraine’s international reserves amounted to $17.175 million, according to preliminary data. Compared to March, they increased by $2.052 million, or by 13.57% mainly due to receipts from the International Monetary Fund and other donors of Ukraine. This was reported by the press service of the National Bank of Ukraine. “The dynamics…