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Azerbaijan: Central Bank raises 100M manats at auction

The Central Bank of Azerbaijan (CBA) raised 100 million manatsat a deposit auction, the CBA said on October 9. The CBA was ready to receive 456.3 million manats from banks, and therefore, the demand exceeded supply almost 4.6-fold. The weighted average interest rate on deposit transactions at the auction was 10.01%. The CBA started holding deposit auctions in mid-June 2016. Deposit...

Belarus: GDP growth expected at 1.7% in 2017

Belarus' GDP will increase by 1.7% in 2017, Belarus' Deputy Prime Minister Vladimir Semashko said. "I think that the GDP goal will be reached this year and we will close 2017 with an increase of 1.7%," the vice premier said. In his words, the GDP growth made up 1.5% in January-August. Industrial production went up by 5.5%. "Unfortunately, agricultural output will contract...

Estonia: Tallinn Airport passenger numbers up in September 2017

More than 266,000 passengers used the services of Lennart Meri Tallinn Airport in September, up by 24% YoY. The number of passengers served by the airport during the first nine months of the year was greater by more than 300,000, or by 18%, than during the same period last year. Tallinn Airport crossed the 2 million passenger mark on October...

Ukraine: European buyers increase bid prices for soybean oil

Last week Ukraine faced an upward trend in export prices for oybean oil, due to rather high demand for the product from European buyers in terms of a small number of its offers. As of the end of day on October 6, bid prices for crude soybean oil increased by nearly $5-10/tons compared with the previous week level, and mainly...

Ukraine: 17 thousand tons of sugar exported in September 2017

In the first month of the current marketing year, Ukrainian producers exported 16,940 tons of sugar, the press service of the Ukrtsukor national association of sugar producers reported. "The largest deliveries were made to Azerbaijan - 38%, Sudan - 16%, Tajikistan - 13%, Turkey - 8% and Sri Lanka - 7%," the statement said. According to the head of the analytical...

Turkmenistan: Ministry of Finance and Economy established

The Ministry of Finance and Economy has been established in Turkmenistan. The corresponding decree was signed by the country's President Gurbanguly Berdimuhamedov at an expanded government meeting devoted to the results of January-September. The new ministry merged the Turkmen Ministry of Finance and the Ministry of Economy and Development, and became their successor. Under the decree, this measure was also adopted in...

Turkmenistan: Berdimuhamedov not satisfied with low rate of maritime transport

Turkmenistan's President Gurbanguly Berdimuhamedov expressed dissatisfaction at a meeting of the government, pointing to low rates of cargo transportation by the State Service of Maritime and River Transportation. Berdimuhamedov noted that Turkmenistan's transport system had considerable reserves of production capacity, allowing it to ensure increasing volumes of transportation of goods and passengers, including those traveling through Turkmenistan to another country. According...

Estonia: September 2017 consumer price index up

According to the information released by Statistics Estonia, the consumer price index in September decreased by 0.1% compared to the previous month and increased by 3.7% YoY. Compared to September 2016, goods were 3.7% and services 3.5% more expensive. Regulated prices of goods and services have risen by 7.4% and non-regulated prices by 2.7% compared to September 2016. Compared to last...

Belarus: gold and forex reserves exceed $7.2 billion

According to the preliminary data, Belarus' gold and foreign currency reserves totaled $7,266 million as of October 1, if calculated in accordance with methods of the International Monetary Fund, the Information and PR Department of the National Bank of the Republic of Belarus reported. In September the country's gold and foreign currency reserves went up by $273.1 million (by 3.9%)...

Azerbaijan: banks to continue consolidating

Azerbaijan's banks will get bigger in 2018, through the ongoing consolidation as well, Anar Hasanov, first deputy chairman of Azerbaijani AccessBank's Management Board, said. "I believe that new bank merger cases will occur on the market in 2018," he declared. "The banking sector is moving in this direction and local banks will be enlarged. It seems to me that the...