Ukraine: GDP up in Q3 2017

Ukraine’s real gross domestic product (GDP) rose by 2.1% in July-September compared with the same period in 2016. The figures are indicated in the updated report of the State Statistics Service of Ukraine. As stated, Ukraine’s economy maintains its positive growth trend. The real GDP in Q3 increased by 0.2% QoQ (taking into account seasonal…

Turkmenistan: cooperation with IDB mulled

Turkmenistan’s Ministry of Foreign Affairs held talks with Hisham Taleb Maarouf, acting director of the Islamic Development Bank’s (IDB) regional office for Central Asia, said the ministry in a message. During the meeting, the parties expressed commitment to further consolidate efforts, according to the ministry. Expressing hope for fruitful cooperation on the reconstruction of neighboring…

Belarus: EBRD revises 2017 growth forecast

The European Bank for Reconstruction and Development (EBRD) has revised upward the forecast for Belarus’ GDP growth to 1.5% in 2017, according to the Bank’s website. In 2018 the Belarusian economy will expand by 2%. The EBRD also revised Russia’s GDP forecast up to 1.8% in 2017. The bank also revised Russia’s GDP growth forecast…

Kazakhstan: tenge to strengthen

The National Bank of Kazakhstan notes a high probability of strengthening the tenge rate by the end of the year. According to the NBK Chairman Daniyar Akishev, currently, the foreign exchange market is stable. “The exchange rate fluctuates within the historically formed limits given the oil prices and exchange rates of trading partner countries. We…

Turkmenistan and Ukraine discussing infrastructure projects

President of Turkmenistan Gurbanguly Berdimuhamedov met with Ukrainian businessmen, Chairman of the Board at Interbudmontazh Construction Association Vladimir Petruk and Director General of Altcom Financial Industrial Group Alexander Tislenko, the Turkmen government said in a message. President Berdimuhamedov noted that Turkmenistan aimed at mutually beneficial cooperation with foreign partners, including with the business circles of…