Ukraine: IT service market to double

The Ukrainian IT service market by 2020 could expand to $5.7 billion from $2.7 billion in 2015 if the tax burden for the sector grows no more than 1% a year, according to a study of PricewaterhouseCoopers (PwC) conducted under order of the European Business Association (EBA). According to the study, the results could be…

Russia: GDP to go down in 2016

Russia’s gross domestic product (GDP) may fall by 0.6% this year but go up by 0.5-0.8% next year meaning that recession will be over soon, Alexei Kudrin, a former finance minister and the current head of the Center for Strategic Research, said. The Economic Development Ministry expects the economy to contract 0.6% in 2016 and…

Ukraine: in 2016/2017 peas exports to reach record levels

Due to significant increasing of peas production in Ukraine in the current season, the exports of peas in 2016/2017 MY will reach the record level – 450 thousand tons.

That is almost twice as much as last year. (APK-Inform/Business World Magazine)

Belarus: IMF forecasts long-term economical crisis

IMF mission presented the report on economic situation in Belarus. The report mentions that during 2015-2016 economic condition in Belarus was defined by “the decrease in national currency rate, salaries and at the same time growth of unemployment”. Moreover, IMF forecasts further economic decrease. Without structural reforms minor growth (+0.5%) can be expected in 2018.…