Ukraine: economy to grow in 2018

International Monetary Fund (IMF) Resident Representative in Ukraine Goesta Ljungman says the IMF estimates the growth of Ukraine’s economy in 2017 at 2% and forecasts an increase by 3-3.5% in 2018. Ljungman said that there was a definite resumption of economic growth. “Last year it was 2%. In 2018 it will increase by about 3-3.5%,”…

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Armenia: brandy production up in 2017

Brandy production in Armenia grew by 39.4% YoY in 2017, the National Statistical Service reveals. 30 million tons of brandy were produced in the reporting period against the 21.5 million tons made in 2016. Volumes of wine, champagne and beer production grew in 2017 by 30%, 10% and 21% respectively. Vodka production, meanwhile, declined by…

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Estonia: December 2017 retail turnover up

According to information released by Statistics Estonia on January 30, the turnover of retail trade businesses in December 2017 increased by 1% YoY at constant prices, totaling EUR 654.5 million. The turnover of stores selling manufactured goods increased by 7% compared to December 2016. Turnover increased in most economic activities, except for in non-specialized stores…

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Kazakhstan: new cement plant to appear

China’s Gezhouba Group Cement Co., Ltd. plans to commission a cement plant in Kazakhstan’s Kyzylorda region in December, said the company’s head, Lee Min, on the sidelines of a meeting with the region’s head, Krymbek Kusherbaev. The parties discussed the construction of the cement plant in Shieli, Kyzylorda region, by the Chinese company, as well…

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Ukraine: wage arrears up in 2017

The total amount of wage arrears in Ukraine in 2017 increased by 32.2%, while in December 2017 they fell by 8.3% and as of January 1, 2018 amounted to UAH 2.368 billion, the State Statistics Service has said. According to its data, in December 2017 wage arrears at economically active enterprises decreased by 12.7% and…

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Ukraine: peas exports to set record

In the current season Ukraine harvested more than 1 million tons of peas, and its export would reach the level of 500-600 thousand tons, which would become a record, the Ukrainian electronic grain exchange GrainTrade reported. During 5 months of the season-2017-2018 the exports of Ukrainian peas increased by 77% YoY, to 475.1 thousand tons,…

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