An International Monetary Fund (IMF) mission, led by Paul Ross, visited Dushanbe on May 17-30 to conduct the 2017 Article IV consultation discussions. The team reportedly welcomed the authorities’ intention to resume discussions on a possible IMF program, and discussed steps that would demonstrate reform progress and pave the way to resume program negotiations. At…
The growth of Ukraine’s gross domestic product (GDP) will accelerate from 1.8% in 2017 to 3% in 2018, 3.6% in 2019 and 4% in 2020, such a basic macro scenario was approved by the Ukrainian government at a meeting on May 31. “According to this scenario, the rates of business’ adaptation to new conditions, preservation…
The Central Bank of Azerbaijan (CBA) believes attainment of a single-digit rate of inflation by late 2017 is feasible, CBA head Elman Rustamov said on May 30. “The forecasts of international organizations, including the International Monetary Fund and the World Bank, for the rate of change of consumer prices in Azerbaijan are positive,” he said.…
In April the average salary of a full-time employee across Ukraine totaled UAH 6,659, down by 1.4% MoM and up by 36% YoY, according to the State Statistics Service of Ukraine. The average salary in April exceeded the minimum wage of UAH 3,200, 2.1-fold. According to the State Statistics Service, the actual salary decreased by…
This week, Latvian Economy Minister Arvils Aseradens will invite businesses to contribute to development of innovations, adding that the country’s healthy development requires businessmen as invaluable partners, because development of products, services or innovations also contributes to the development of separate industries. Next week’s agenda states that Aseradens will take part in multiple events organized…
The Belarusian Economy Ministry intends to arrange roundtable sessions every month in order to evaluate the current macroeconomic situation together with representatives of other government agencies, the Public Relations Department of the Economy Ministry reported. A government conference took place at premises of the Belarusian Economy Ministry at the end of last week. It was…
The amount of cash money circulating in Tajikistan has risen by 50% in four months to May 1, reaching 8.8 billion somoni, according to the National bank of Tajikistan (NBT). Meanwhile, Tajikistan’s monetary base has increased over the same four-month period to 11.6 billion somoni. Increase in the money supply has reportedly been caused by…