Compared to April 2016, industrial production output increased by 9.6% in April 2017. Industrial production output in manufacturing grew by 6.2%, in mining and quarrying by 20.7%, and in electricity and gas supply by 18.8%. Increase in manufacturing was significantly affected by the rise in manufacture of electrical equipment (by 31.9%), manufacture of computer, electronic…
Belarus has raised more than $140 million in direct investment from Finland over the past five years, Ambassador Extraordinary and Plenipotentiary of Belarus to Finland and concurrently to the Kingdom of Denmark Alexander Ostrovsky said. Finland is among top 20 investors of Belarus. Last year alone, the volume of investments amounted to $12.5 million, of…
Structural reforms, including those in the banking sector, will help ensure the growth of Azerbaijan’s GDP, reads the latest edition of the World Bank’s (WB) Global Economic Prospects report. The report says Azerbaijan’s economy will grow by 0.6% in 2018 and by 1.3% in 2019. Since the beginning of 2017, Azerbaijan’s economy began to recover,…
The state and government-guaranteed debt of Ukraine in January-April rose by $3.33 billion, or by 4.7%, to $74.31 billion as of April 30, according to the Finance Ministry’s website. The debt in hryvnia equivalent for the said period went up by UAH 3.16 billion, or by 2.2%, to UAH 1.973 trillion. According to the given…
In June, UAH 725 million in subsidies will be paid to farmers, which is almost three times as much as in May, the press service of the Agrarian Policy Ministry reports. “The Agrarian Policy Ministry of Ukraine transferred to the non-budget account of the State Treasury Service of Ukraine UAH 692 million for automatic payment…
Turkmenistan’s GDP growth rate was 6.3% in January-May, Bashim Khojamamedov, deputy prime minister for economy and finances, said at a government meeting on June 3. The growth rate was 2.9% in industrial sector, 4.1% in construction, 10.8% in transportation and communication sector, 9.5% in trade, 3.6% in agriculture, and 10.2% in the sphere of services,…
Out of the “storm” of negative factors Belarus has emerged with an ideal macroeconomy, Alexander Zaborovsky, Chief Advisor to the Chairman of the Board of the National Bank of the Republic of Belarus, declared during the international conference held in Minsk on June 2 to discuss economic security in a globalized world. The expert pointed…