Kazakhstan’s economy attracted more than 1.3 trillion tenges in foreign investment in January-July, up by 25% YoY, Ranking.kz analytical service said in its report. In July alone 181 billion tenges were injected into Kazakh economy, up by 5.3% YoY. However, foreign investments in fixed capital accounted only for 28% of total investments. The highest share…Details
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Ferryboat Baltijsk is planned to be returned to Ust-Luga-Baltijsk line in September, Andrei Moshkov, Deputy Director General of Rosmorport’s North-West Basin Branch referring to ferryboat operator Trans-Exim Ltd., said. Andrei Moshkov says the ferryboat’s engine is under repair. Ust-Luga – Baltijsk line was earlier serviced by three ferryboats: Baltijsk and Peterburg operated by Trans-Exim Ltd.…Details
Belarus’ foreign trade surplus totaled $64.3 million in January-July compared to a $974.3 million surplus in January-July 2015, the National Bank of Belarus said. The overall turnover of commodities and services in foreign trade shrank by 14.3% YoY in January-July to $32.874 billion. Exports of commodities and services reduced by 16.3% YoY to $16.469 billion,…Details
Russia’s recession is not over yet and the gross domestic product (GDP) growth will be limited to 1-1.5% over next five years even if oil prices are high, the Analytical Credit Rating Agency (ACRA) said in a revised economic forecast until 2020. “The social and economic statistics for January-July shows that the recession is not…Details
Belarus should make a commitment and set clear goals to reduce the share of state-owned economy and enhance management in the public sector. Galina Yaschenko, Project Manager at McKinsey&Company, made this statement on September 8, at a roundtable conference dealing with the findings of a survey, which sought to find solutions for creating a more…Details
Ukrainian aircraft producer Antonov has suspended jet production due to halted cooperation with Russia, Andrei Khaustov, deputy director of the company’s department for advanced development, said. After relations with Russia worsened due to the conflict in Southeastern Ukraine Antonov decided to break production ties with Russian companies and switched to import substitution of components. “Now,…Details
As of September 7, grains and pulses had been harvested from 9885 thousand ha (69% of the intended area) compared with 10419 thousand ha on September 7, 2015. Farmers obtained 38.525 MMT with average yields at 3.9 MT/ha (on the same date in 2015 – 37.404 MMT with the average productivity of 3.59 MT/ha). Buckwheat…Details