Belarus: inflation to stay under 7% in 2017

Inflation will not exceed 7% till the end of the year, Belarusian First Deputy Economy Minister Dmitry Krutoi declared. According to the source, the Belarusian government expects inflation not to exceed 7% till the end of the year, down from the previous estimate of 9%. “Our projections are cautious. We finished the first five months…

Kazakhstan: airfare to get cheaper

Airline ticket prices may drop in Kazakhstan next year. Minister for Investment and Development Zhenis Kassymbek revealed at the briefing after the session of the Kazakh government that a drop in airline ticket prices might be expected next year. According to Minister Kassymbek, airfare will get cheaper but only if Kazakhstani air carriers have enough…

Ukraine: Ukravtodor to start conducting all purchases via e-procurement system ProZorro from August 2017

The State Agency of Automobile Roads of Ukraine (Ukravtodor) will start carrying out all purchases via the e-procurement system ProZorro from August 1. The relevant report has been posted on the website of the Infrastructure Ministry. “Starting from August 1, the State Agency of Automobile Roads of Ukraine, which deals with the maintenance and minor…

Belarus on path to economic recovery

Belarus is gradually getting back on track for recovery, First Vice Premier Vasily Matyushevsky said when speaking at the joint session of the Belarusian parliament on June 26. “The economic performance in the recent months has been showing that the Belarusian economy is back on track. The GDP growth target for H1 has been over-fulfilled:…

Turkmenistan: confidence in manat increases

Practical steps taken within the framework of the monetary reform of Turkmenistan made it possible to increase confidence in the national currency, the Turkmen manat, the country’s President Gurbanguly Berdimuhamedov said. He made the remarks at a meeting with representatives of the financial and banking sphere in Turkmenistan. The increased confidence in the Turkmen national…

Belarus considering barter trade with Sudan and Egypt

Belarus, Sudan and Egypt are considering the possibility of using mechanisms of non-monetary discharge of foreign trade obligations in mutual trade, the State Property Committee reported. Representatives of the National Bank of Belarus, Belarusbank, and GO Belresursy held talks in Khartoum and Cairo. The parties agreed that non-monetary discharge of obligations in the export of…