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…Details
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Service stations of the Belarusian automobile engineering company MAZ will be able to repair and provide maintenance for Mercedes engines. MAZ is working hard to certify its vehicle service stations. Certification will allow MAZ to service Mercedes engines in Belarus, Russia, and Ukraine. Penetrating European markets is an option for the future. Diagnostic equipment and…Details
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…Details
An inspection of quarantine products of high phytosanitary risk has revealed violations, according to Kazakh and the Eurasian Economic Union legislation, the Kazakh Ministry of Agriculture said on June 27. In particular, as much as 81.5 tons of potatoes imported from Azerbaijan were revealed to be partially infectious, and thus were returned back. Overall, 99.8…Details
Major tasks of the future head of the state-owned PrivatBank include the development of a strategy for growth, preparations for successful inclusion of foreign investors in its capital within several years and further efforts to clear up the bank from toxic assets, acting governor of the National Bank of Ukraine (NBU) Yakiv Smolii said. Smolii…Details
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…Details
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:…Details