Belarus: GDP up in Q1 2017

According to initial estimates, in January-March Belarus’ gross domestic product totaled Br22.4 billion or 100.3% in comparable prices as against Q1 2016, the National Statistics Committee of Belarus reported.

In January-March the GDP deflator index amounted to 107% as against the same period of last year. (BelTA/Business World Magazine)

Tajikistan to develop industry in order to minimize impacts of external shocks

To minimize impacts of external shocks on its economy Tajikistan plans to develop the industrial sector. “Tajikistan’s economy experiences impact of external shocks and the global economic environment,” Director of the Institute of Economics and Demography of the Academy of Science of Tajikistan, Professor Lutfullo Saidmurodzoda noted at a conference formally titled “Formation of Strategic…


Ukraine and Georgia to jointly develop transport corridor from the Baltics to Caspian Sea

Ukraine and Georgia have agreed on the development of the Baltic Sea – Black Sea – Caspian Sea international transport corridor at the meeting of the joint intergovernmental commission on economic cooperation. Ukraine’s Vice Prime Minister for European and Euro-Atlantic Integration Ivanna Klympush-Tsyntsadze announced this at the briefing. “We agreed to continue cooperation on the…


Tajikistan: cross-border trade with Kyrgyzstan to expand

Tajik and Kyrgyz entrepreneurs have declared their intention to expand cross-border trade. 35 representatives of border communities from Tajikistan’s Isfara district and Kyrgyzstan’s Batken district met in the Tajik northern city of Isfara on April 12, to discuss ways to promote expansion of the cross-border trade between the regions. The meeting organized under support of…


Belarus: Belaruskali to make new kind of fertilizers using Chinese technologies

The Belarusian potassium manufacturer Belaruskali intends to start making a new kind of fertilizers using Chinese technologies, Ivan Golovaty, Belaruskali Director General, member of the International Affairs and National Security Commission of the Council of the Republic of the National Assembly of Belarus, declared. The executive said that Belaruskali was considering a number of investment…


Ukraine: average salary up in 2017

This year the average salary in Ukraine grew by 35% and the actual incomes of citizens – by 20%, Prime Minister of Ukraine Volodymyr Groysman stated during a meeting of the parliamentary committee on April 12. “This year the average salary grew by 35%, while inflation persisted at moderate rates. The actual incomes grew by…


Latvia: Transport Ministry invites Kyrgyzstan to use advantages of special economic zones

On April 12, a meeting of the joint Latvian-Kyrgyzstan transport work group was held in Transport Ministry. At the end of the meeting, the two sides signed an agreement for closer cooperation between the two countries in transport, transit, logistics and aviation. During the meeting, the two sides presented development trends, planned projects, and discussed…


Russia: throughput of Neva-Metal flat in Q1 2017

In January-March Neva-Metal CJSC (stevedoring company of Severstal) handled about 800,000 tons of cargo, which is close to the result of January-March 2016, the company reported. Container handling totaled about 23,000 TEUs. CJSC Neva-Metal is a part of a transport division of Severstal Russian Steel of Severstal Group. Neva-Metal specializes in transshipment of containerized and…


Azerbaijan: UAE to boost trade exchange

The existing economic cooperation level between the United Arab Emirates (UAE) and Azerbaijan doesn’t reflect the true potential of the two countries, UAE Minister of Economy Sultan bin Saeed Al Mansouri declared. Al Mansouri made the remarks on the eve of the 6th meeting of the UAE-Azerbaijan Joint Commission on Economic, Commercial and Technical Collaboration…