Turkmenistan: ADB forecast for GDP growth unchanged

The Asian Development Bank (ADB) has kept the forecast for GDP growth in Turkmenistan at 6.5%, according to the “Asian Development Outlook 2017 Update: Sustaining Development Through Public-Private Partnership”. According to the bank’s forecast, the economy of Turkmenistan will grow by 6.5% in 2018. Meanwhile, the ADB lowered its forecast for inflation in Turkmenistan for…

Latvia: construction costs up in August 2017

Compared to July, the level of construction costs in Latvia grew by 0.1% in August. Maintenance and operational costs of machinery and equipment rose by 0.4%, labor remuneration of workers decreased by 0.1%, whereas prices of building materials did not change significantly. Compared to August 2016, construction costs increased by 2.3%. Labor remuneration of workers…

Azerbaijan: economy to grow in 2018

The Asian Development Bank (ADB) expects that Azerbaijan’s GDP growth will be 1% in 2018, according to the “Asian Development Outlook 2017 Update: Sustaining Development Through Public-Private Partnership”. Azerbaijan’s GDP growth rate decreased by 3.8% in 2016. The ADB expects that the recession will continue in 2017, but its pace will slow down. Thus, according…

Estonia: government approves 2018 state budget

The Estonian government at an extraordinary meeting on September 27 approved the 2018 state budget bill, which set out the first ever Estonian state budget to exceed EUR 10 billion. This marks the first full-length budget of the coalition government that took office in November 2016. The activities financed from the budget support the four…

Ukraine: bread price up in September 2017

Prices of bread made of rye and wheat in Ukraine rose by 20.9% YoY in September, according to a member of the Economic Discussion Club Oleh Pendzin. “Prices of first-grade flour increased by 12% from September 2016 to September 2017, those of rye flour climbed by 4.5%, while the price of bread made from first-grade…

Kazakhstan: trade turnover with Vietnam doubled

From October 2016 to July 2017, the trade turnover between the Republic of Kazakhstan and the Socialist Republic of Vietnam has more than doubled, according to the Eurasian Economic Commission’s press service. According to the Commission, since the Free Trade Agreement between the Eurasian Economic Union (EAEU) and Vietnam came into force, in October 2016…