Germany’s credit institution KfW is providing a EUR 150 million loan for implementation of a project to reconstruct substations in eastern Ukraine. The individual loan agreement between Ukraine’s Cabinet of Ministers and KfW was signed at the ninth meeting of the Ukraine-Germany high-level group on economic cooperation. Eva Witt, KfW Director for Eastern Europe, Caucasus…Details
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The Finance Ministry of Belarus forecasts that the country’s state debt will grow to 42% of the GDP by late 2016. Vice Minister of Finance Yuri Seliverstov made a statement to this effect at the conference “The Role of the Export-Import Agency in the Belarusian Economy” on October 7, in Minsk. Belarus’ state debt now…Details
Russia’s gross domestic product (GDP) may grow by 0.2% in 2017, by 0.9% in 2018 and by 1.2% in 2019, according to a baseline forecast by the Economic Development Ministry in the ministry’s adjusted 2017-2019 social and macroeconomic development forecast. In 2016, GDP contraction will slow down to 0.6%, the ministry said. The ministry based…Details
The Individuals Deposit Guarantee Fund seeks to put 100% of corporate rights and intellectual rights to the trademark of the Yarych confectionary factory (Lviv region) up for sale. The fund said in a press release that loans of the company on the balance sheet of Bank Forum would be auctioned. The bank also has buildings…Details
Russia’s foreign trade surplus decreased by 48.1% YoY to $63.1 billion in January-September, the central bank said. In January-September 2015, the foreign trade surplus amounted to $118.2 billion. (Prime/Business World Magazine)Details
The Belarusian mechanical engineering company Belkommunmash has offered St Petersburg (Russia) its electric buses for the 2018 FIFA World Cup, Belkommunmash Director General Vladimir Korol reported. “An agreement has been reached with St Petersburg on a trial operation of our electric buses. St Petersburg is interested in it, as the city is gearing up to…Details
Belarusian farmers have finished rapeseed harvesting. Oilseeds and their processed products self-sufficiency remains the topical issue in the country these days. Belarus reduced rapeseed planted area for the fourth consecutive season. Besides, rather bad wintering also had a negative impact on production. Consequently, rapeseed production declines along with increase in meals imports to Belarus, particularly…Details