Latvia: approximately 4,000 km of roads unused

There are approximately 4,000 km of roads in Latvia that are practically unused for transport, said Latvian Transport Minister Uldis Augulis on November 9. He says most of those roads are local and municipal roads. With that, maintenance intensity will be reduced for those roads. “It would be nice if we could maintain roads leading…

Turkmenistan: production of mineral fertilizers up

Providing Turkmenistan with efficient mineral fertilizers is of great importance for increasing the yield of cultivated crops to ensure the country’s abundance in food and development of fodder supply for livestock and poultry farming. In particular, the commissioning of a carbamide plant under construction in Garabogaz city (Balkan district, Turkmenistan) is scheduled for June 2018,…

Belarus: EBRD revises 2017 growth forecast

The European Bank for Reconstruction and Development (EBRD) has revised upward the forecast for Belarus’ GDP growth to 1.5% in 2017, according to the Bank’s website. In 2018 the Belarusian economy will expand by 2%. The EBRD also revised Russia’s GDP forecast up to 1.8% in 2017. The bank also revised Russia’s GDP growth forecast…

Ukraine: electricity exports up in January-October 2017

Ukraine in January-October exported electricity valued at $209.293 million, in particular in October at $19.685 million. According to the State Fiscal Service, in January-October electricity was supplied to Hungary for the amount of $118.529 million, Moldova for $48.655 million, Poland for $31.485 million and other countries for $10.624 million. Thus, in monetary terms exports of…

Kazakhstan: tenge to strengthen

The National Bank of Kazakhstan notes a high probability of strengthening the tenge rate by the end of the year. According to the NBK Chairman Daniyar Akishev, currently, the foreign exchange market is stable. “The exchange rate fluctuates within the historically formed limits given the oil prices and exchange rates of trading partner countries. We…

Ukraine: NBU declares Bank Boguslav insolvent

The National Bank of Ukraine (NBU) has declared PJSC Bank Boguslav (Kyiv) insolvent, according to the central bank’s website. The NBU Board made corresponding decision No. 708-RSh/BT on November 6. “As of November 1, Bank Boguslav had not ensured the implementation of measures foreseen in the previously approved restructuring plan with respect to raising charter…