Belarus: gold and forex reserves up in April 2018

Belarus’ gold and foreign exchange reserves exceeded $7 billion as of May 1, the Information and PR Department of the National Bank of the Republic of Belarus (NBRB) reported. According to the preliminary data, Belarus’ gold and foreign exchange reserves, if calculated in accordance with methods of the International Monetary Fund, totaled $7.038 billion (in…

Ukraine: energy sector to be demonopolized

The energy sector of Ukraine should be transparent, demonopolized and competitive. “We could have become a completely energy-independent country in previous ten years, but this did not happen. Now we have set a course for energy independence, energy saving and production of our own Ukrainian gas, which will be enough for us to meet the…

Latvia: economic growth to continue

Latvia’s economy will grow more slowly than it did in Q1. Growth will likely reach at least 4%, predicts Luminor Bank economist Peteris Strautins. SEB Bank’s macroeconomic expert Dainis Gaspuitis is more reluctant in his outlook. He expects economic growth rate to be 3.7%, considering global cycles and negative trends in certain sectors. Swebank senior…

Ukraine: Deposit Guarantee Fund continues payments to depositors of Bank National Investments

The Deposit Guarantee Fund has resumed payments to the depositors of PJSC Bank National Investments, the fund’s press service reports. “From May 2 the Deposit Guarantee Fund is carrying out payments to the depositors of PJSC Bank National Investments under bank deposit agreements, regardless of their date of termination, and under bank account agreements (including…

Ukraine: upgraded combat module Duplet successfully tested

Ukraine’s state-owned enterprise Zhytomyr Armored Plant has upgraded the combat module “Duplet”, which is intended for the modernization of armored vehicles, and it has passed successful tests, Ukrainian President Petro Poroshenko has reported on his Facebook page. He also noted that Zhytomyr Armored Plant had significantly increased the characteristics of the combat module and equipped…

Ukraine: electricity production up in Q1 2018

Electricity production in Ukraine’s power grid increased by 3.8% YoY in January-March, to 44.543 billion kWh. Nuclear power plants (NPPs) reduced electricity generation over this period by 7.6%, to 21.983 billion kWh. Thermal power plants (TPPs), as well as combined heat and power plants (CHPPs) and cogeneration plants (CPs), increased production by 16.1%, to 17.614…