In view of recommendations of the International Monetary Fund (IMF) Belarus is considering ways to introduce the International Financial Reporting Standards (IFRS) at major state-run enterprises. The statement was made by Belarusian Deputy Finance Minister Dmitry Kiyko. The law requires a number of Belarusian enterprises to present annual consolidated reports in accordance with the International…
The Organization for Economic Co-operation and Development (OECD) has revised the real world GDP growth for 2017 by 0.1% as compared to September estimations to 3.3%, according to OECD November Global Economic Outlook. The forecasts for 2016 were kept at 2.9%. In 2015 the world real GDP growth totaled 3.1%. The world GDP growth is…
As of October 1, the volume of Azerbaijan’s foreign state debt amounted to $7.651 billion (12.403 billion manats), that is, 20.1% of the country’s GDP, Azerbaijan’s Finance Ministry said in a message. The statistics on borrowings includes Azerbaijan’s direct obligations and contingent obligations on the loans, drawn under state guarantee. As of October 1, the…
The issues of strengthening cooperation in politics, economy and culture have been discussed during the meeting with the Austrian Ambassador to Turkmenistan Gerhard Sailler in Ashgabat, the Turkmen Foreign Ministry said in a message. “The issues on cooperation within international organizations, primarily the UN, EU and OSCE, were highlighted among the priority areas of cooperation”,…
Turkmen President Gurbanguly Berdimuhamedov met with Karlheinz Kopf, the second president of the Austrian National Council, the Turkmen government said in a message. According to the message, Berdimuhamedov and Kopf discussed the issues of cooperation, established in a bilateral format and through big international organizations and authoritative organizations. The sides also exchanged views on the…
The European Union has stated its willingness to promote fast introduction of autonomous trade preferences provided for the Ukrainian government. Ukrainian President Petro Poroshenko said this during a joint press conference with President of the European Council Donald Tusk and President of the European Commission Jean-Claude Juncker following the Ukraine-EU Summit, the president’s press service…
An auction to sell Ukrainian hydroelectric power plants (HPPs) aroused competition among investors. Dialog is being held about the privatization of Odessa Port-Side Plant, Head of the State Property Fund (SPF) Ihor Bilous said. “We held a good auction to sell Myhia HPP. We broke a record putting it up for 10 million UAH and…