The government of Kyrgyzstan amended the republican budget for 2017. The real growth of the gross domestic product (GDP) in 2017 is expected at 3.5% compared to the approved 2.9%. The volume of state budget revenues, including public investment grants, is projected at 156,056.5 billion soms, or 31.6% of GDP. The total amount of state…
The city of Tartu, Estonia’s second largest, is set to place bonds worth EUR 13.5 million with LHV and Nordic Investment Bank (NIB) to raise money for its 2017 financing needs. LHV pension funds are buying bonds for EUR 5.5 million and NIB for EUR 8 million, Tartu city government announced. The funds raised will…
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…
The share of labor costs in the gross domestic product (GDP) in the first six months of this year decreased for the first time in the last six years, which enabled companies to increase profit and investments. The gap between labor productivity and wages decreased in the first half of 2017: growth in productivity accelerated…
The World Bank predicts a slight increase in GDP of Kyrgyzstan by 2019. In three years, the economy will grow by 1.3%, the regular review of the economic situation in Europe and Central Asia says. Thus, following the results of 2017, the World Bank expects that the real GDP of Kyrgyzstan with constant market prices…
Industrial production in Ukraine in September decreased by 0.3% YoY, while in August it increased by 1.2%, the State Statistics Service has said. The agency said taking into account adjustment for the effect of calendar days, industrial production in September from September 2016 declined by a mere 0.1%. It said in comparison with the previous…
The Belarusian gross domestic product may go up by 12.1-15% by 2020, Belarus’ Economy Minister Vladimir Zinovsky said. “We have taken up a recovery path. This is not the growth that can be satisfactory for us, but we are gradually moving towards it. Having made a solid foundation in 2017, we are setting more ambitious…