Azerbaijan: IBA’s foreign debt restructuring plan to be approved until mid-July 2017

The situation with approval of voluntary restructuring plan of foreign obligations of the International Bank of Azerbaijan (IBA) by foreign creditors will be clarified by mid-July, Azerbaijan’s Finance Minister Samir Sharifov declared on June 13. “We have already informed the public about the negotiation process,” said the minister. Earlier, the IBA commenced a process of…

Ukraine exporting flour at a record pace

Ukraine exported 330 KMT of flour in the ten months of MY 2016-2017 (July 2016 – April 2017), up by 16% YoY. Traditionally, China remains the top importer of Ukrainian flour with an export share of 21%. Ukrainian exporters continue stepping up flour deliveries to Africa. In particular, more than 28 KMT of flour was…

Ukraine: sugar exports down in May 2017

Ukraine shipped 48,400 tons of sugar abroad in May, down by 33% MoM, according to the Ukrtsukor association of sugar producers. “In May, sugar exports fell by almost half compared to April, as the world market prices were on the decline. We estimate that further supplies in the current marketing year will be insignificant,” the…

Belarus: exports up in January-April 2017

In January-April Belarus’ export of merchandise and services rose by 19.5% YoY, to $10.413 billion, according to the latest statistics released by the National Bank of the Republic of Belarus. Foreign trade in merchandise and services totaled $20.706 billion, up by 17.9%. Export reached $10.413 billion (up by 19.5%), with import at $10.292 billion (up…

Latvia: consumer prices up in May 2017

Compared to May 2016, the average level of consumer prices increased by 2.8% in May 2017. Prices of goods grew by 2.6% and prices of services by 3.6%. Compared to May 2016, the greatest pressure on the price changes was put by the rise in prices of food and non-alcoholic beverages, goods and services related…

Tajikistan: Dushanbe bus terminal awaiting permission to operate services to Uzbekistan

Dushanbe bus terminal, Asian Express Terminal, is waiting for answer to its proposal to re-launch bus routes between Tajikistan and Uzbekistan. Deputy Director General of the Closed Joint Stock Company (CJSC) Holding Asia Group Tajikistan Sulton Kamolov says they have already discussed this issue with representatives of the Uzbek Embassy in Dushanbe. “They have expressed…