The Asian Development Bank (ADB) expects that Azerbaijan’s GDP growth will be 1% in 2018, according to the “Asian Development Outlook 2017 Update: Sustaining Development Through Public-Private Partnership”. Azerbaijan’s GDP growth rate decreased by 3.8% in 2016. The ADB expects that the recession will continue in 2017, but its pace will slow down. Thus, according…
DetailsEconomy of Turkmenistan should be based on market relations, the country’s President Gurbanguly Berdimuhamedov said at a government meeting. The draft state budget for 2018 was on the agenda of the meeting. The Turkmen president noted that during the draft state budget’s preparation, special attention should be paid to increasing the volume of loan funds…
DetailsThe Estonian government at an extraordinary meeting on September 27 approved the 2018 state budget bill, which set out the first ever Estonian state budget to exceed EUR 10 billion. This marks the first full-length budget of the coalition government that took office in November 2016. The activities financed from the budget support the four…
DetailsPrices of bread made of rye and wheat in Ukraine rose by 20.9% YoY in September, according to a member of the Economic Discussion Club Oleh Pendzin. “Prices of first-grade flour increased by 12% from September 2016 to September 2017, those of rye flour climbed by 4.5%, while the price of bread made from first-grade…
DetailsTurkmenistan has proposed to host a summit of the International Fund for Saving the Aral Sea (IFAS) founding state heads in 2018. Ashgabat’s Permanent Representative to the UN Aksoltan Atayeva, addressing a general political discussion at the 72nd session of the UN General Assembly, called on the international community to more actively address environmental issues,…
DetailsThe funds in the amount of $1.32 billion from placing sovereign eurobonds due in 2032 for $3 billion were sent to the account of the State Treasury Service of Ukraine, the Finance Ministry has reported on its website. The ministry said that the deal to purchase eurobonds due in 2019 and 2020 for $1.68 billion…
DetailsAccording to the USDA estimates, the global crop of barley will be below its global consumption for a second season in a row. This trend will lead to a substantial decrease in barley stocks in the world. Global barley inventories are expected to shrink to a 34-year low of 18.6 MMT by the end of…
DetailsTajikistan’s draft state budget for 2018 was coordinated with the profile departments and submitted for consideration to the Standing Committee on Budget under the government of Tajikistan. After being studied and approved by the government, the draft state budget will be sent to the lower house of parliament for approval. The revenue part of the…
DetailsAccording to the Statistics Committee of Kazakhstan’s Economy Ministry, vegoil production in the country reached a record 349.1 KMT in the 2016-2017 season, up by 17% YoY. 29.2 KMT of vegoil was produced in Kazakhstan in August, up by 24% YoY and by 3% MoM. Output of sunseed, linseed and soybean oils closed the season…
DetailsOrganizations representing haulers in Estonia have issued a joint statement to two standing committees of the Riigikogu urging them to discuss the situation of the road haulage sector, as the country has lost an estimated EUR 50 million in tax revenue due to higher fuel duties this year. As a result of decisions made by…
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