The Belarusian heavy truck manufacturer BelAZ and the electric motors manufacturer OOO Sibelektroprivod signed an agreement on strategic partnership in Novosibirsk. The two companies will continue working together as part of the joint project aimed at creating an electric traction drive for BelAZ dump trucks with the carrying capacity of 90 tons. Apart from that,…Details
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The level of inflation in Ukraine at the end of 2017 may be higher than the current forecast of the National Bank of Ukraine at 9.1%, which may force the NBU to apply a more stringent monetary policy, reads a statement on the central bank’s website referring to Deputy NBU Governor Dmytro Solohub. During a…Details
According to the official statistics figures, in July-August of the season-2017-2018 Ukraine imported 4.2 thousand tons of rye flour, down 2.1-fold YoY (8.8 thousand tons). At the same time, Belarus supplied almost all volumes of the reporting product on the Ukrainian market. As a reminder, in 2016-2017 MY Ukraine purchased 36.8 thousand tons of rye…Details
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…Details
Economy 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…Details
The 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…Details
Prices 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…Details