Azerbaijan: inflation to drop to single digits

The Central Bank of Azerbaijan (CBA) believes attainment of a single-digit rate of inflation by late 2017 is feasible, CBA head Elman Rustamov said on May 30. “The forecasts of international organizations, including the International Monetary Fund and the World Bank, for the rate of change of consumer prices in Azerbaijan are positive,” he said.…

Ukraine: DTEK Prydniprovska and DTEK Kryvorizka TPPs re-launch power units to shape up for summer peaks

DTEK Prydniprovska Thermal Power Plant re-connected one of its power units to the grid. DTEK Kryvorizka TPP reactivated its powers units earlier. Thus, the thermal power plants have confirmed their readiness to ensure stable operation of Ukraine’s energy system during summer peaks. This is the first unit reactivation since April when DTEK Prydniprovska and Kryvorizka…

Ukraine: average salary down in April 2017

In April the average salary of a full-time employee across Ukraine totaled UAH 6,659, down by 1.4% MoM and up by 36% YoY, according to the State Statistics Service of Ukraine. The average salary in April exceeded the minimum wage of UAH 3,200, 2.1-fold. According to the State Statistics Service, the actual salary decreased by…

Latvia: businessmen important partners for the country’s development

This week, Latvian Economy Minister Arvils Aseradens will invite businesses to contribute to development of innovations, adding that the country’s healthy development requires businessmen as invaluable partners, because development of products, services or innovations also contributes to the development of separate industries. Next week’s agenda states that Aseradens will take part in multiple events organized…

Latvia: construction costs up in April 2017

Compared to March, the level of construction costs in Latvia increased by 0.9% in April. Labor remuneration of workers grew by 2.9%, prices of building materials increased by 0.5%, whereas maintenance and operational costs of machinery and equipment rose by 0.4%. Compared to April 2016, construction costs increased by 2%. Labor remuneration of workers rose…

Belarus: Economy Ministry to arrange regular roundtables to review macroeconomic situation

The Belarusian Economy Ministry intends to arrange roundtable sessions every month in order to evaluate the current macroeconomic situation together with representatives of other government agencies, the Public Relations Department of the Economy Ministry reported. A government conference took place at premises of the Belarusian Economy Ministry at the end of last week. It was…

Tajikistan and Kyrgyzstan discuss cross-border trade issues

Residents of border areas of Tajikistan and Kyrgyzstan believe that cross-border trade can promote providing stability and developing confidence-building measures as well as help solve economic problems facing residents of border areas. A meeting to discuss development of a cross-border trade between the Bobojonghafourov district in Tajikistan’s Sughd province and the Leilek district in Kyrgyzstan’s…

Ukraine: exports up in Q1 2017

Ukraine’s exports of goods and services grew by 28% YoY in the first quarter of 2017, to $12.4 billion, up by $2.7 billion, according to the Ukrainian Economic Development and Trade Ministry’s press service. At the same time, exports of goods increased by 34.4% (by $2.7 billion), to $10.4 billion. The share of agriculture and…