Ukraine: GDP growth to be 1.8% in 2017

The Economic Development and Trade Ministry expects that Ukraine’s GDP would grow by 1.8% at the end of 2017, First Deputy Prime Minister, Minister of Economic Development and Trade Stepan Kubiv has said. “By the end of 2017 we expect growth of 1.8%,” he said at a conference organized by Fitch Ratings in Kyiv on…

Estonia: economy up in Q3 2017

Estonia’s GDP increased by 4.2% YoY in the third quarter of 2017, Statistics Estonia reported on November 30. In the third quarter, the GDP at current prices was EUR 5.8 billion. The seasonally and working-day adjusted GDP remained at the same level compared to the second quarter of 2017 (with growth of 0.3%), but grew…

Ukraine: trade turnover with Moldova up in 2017

Economic relations between Ukraine and Moldova have been developing dynamically. The trade turnover between the countries has increased by 30% this year, deputy chairman of the “Ukrainian Prism” foreign policy council Serhiy Herasymchuk announced during presentation of the research “Ukraine-Moldova: New Challenges and New Opportunities in Bilateral Relations”. “Ukraine is one of the main trade…

Belarus: Belarusbank to hold IPO in 2019

Belarus’ largest bank Belarusbank may arrange an initial public offering (IPO) in 2019, First Deputy Prime Minister of Belarus Vasily Matyushevsky declared on November 29. According to the source, persistent work is in progress to arrange the IPO. “I hope we will be able to carry out the initial public offering in 2019,” said Vasily…

Azerbaijan to launch direct flights to Croatia

Azerbaijan offers Croatia to launch direct flights for development of tourism, Azerbaijani Economy Minister Shahin Mustafayev said. Mustafayev made the remarks at a meeting with Croatian Deputy Prime Minister, Minister of Economy, Entrepreneurship and Crafts Martina Dalic in Baku, the Azerbaijani Economy Ministry reported on November 29. Speaking about cooperation between the two countries, Mustafayev…

Estonia: Q3 2017 profits of business sector down

Profits of Estonia’s business sector totaled EUR 787 million in the third quarter, indicating an 8% drop YoY. Sales, meanwhile, increased by 10%, to EUR 13.9 billion, Statistics Estonia reported. Compared to the third quarter of 2016, total profits decreased in most economic activities. Construction, agricultural and manufacturing businesses contributed the most to the total…

Tajikistan: Germany to assist in social projects

Tajikistan and Germany signed agreements on financial cooperation for the period of 2016-2017 and on technical cooperation for the period of 2016-2017. The agreement was signed by the Minister of Economic Development and Trade Nematullo Hikmatullozoda and German Ambassador to Tajikistan Neithart Hofer-Wissing. These documents were signed in accordance with the agreements reached during the…