The European Bank for Reconstruction and Development (EBRD) says it has implemented 245 projects in Belarus providing consultancy services for small and medium-sized businesses. More than 200 local and 1,000 international experts were engaged in SME consultancy projects in Belarus, the EBRD said in a press-release. In the framework of its SME consultancy program in…
Belarus’ industrial output decreased by 1.7% YoY in January-September to 58.136 billion Belarusian rubles (Br), or $30.199 billion at the official rate of the National Bank, the National Statistical Committee (Belstat) reported. Production of coke, oil products and nuclear materials reduced by 9.3% YoY in January-September to 8.351 billion rubles ($4.338 billion). The output of…
According to initial evaluations, in January-September Belarus’ gross domestic product totaled Br69.3 billion or 97.1% as against January-September 2015 in comparable prices, the National Statistics Committee of Belarus reported. In January-September the deflator index of Belarus’ GDP totaled 108.2% as against the same period of last year. (BelTA/Business World Magazine)
Ukraine has extended for a year and has expanded the sanctions imposed in September 2015 against the Russian enterprises and companies, which are operating in the interests of the Russian security and defense sector. According to Ukrainian President Petro Poroshenko’s decree dated October 17, which enacted the Ukrainian National Security and Defense Council’s decision of…
Ukraine for the first time has included several offshore companies posing threat to the national interest in its sanctions list, namely Judson Trading Limited (Cyprus), Rock Ranch Properties S.A. (Panama), Powerful Choice Tech Ltd (the British Virgin Islands), Global Games Ltd (Belize), Novastar Group Ltd (Belize) and Gordon Solution Ltd (the British Virgin Islands). The…
International rating agency Fitch has improved its outlook on Russia’s BBB- long-term issuer default ratings in local and foreign currencies to stable from negative, the agency said in a statement. “Russia has implemented a coherent and credible policy response to the sharp fall in oil prices. A flexible exchange rate, inflation targeting, fiscal consolidation and…
The EU Special Representative for the South Caucasus Herbert Salber will visit Azerbaijan in late October, Salber’s press service reported. Salber will hold a number of official meetings, at which the sides will discuss bilateral relations. It is also expected to discuss the situation around the Nagorno-Karabakh conflict. The conflict between the two South Caucasus…