IMF forecasts of Russia’s GDP have improved immensely since spring of 2016. The IMF has repeatedly improved its forecast for Russia’s GDP dynamics. Now it expects Russia’s GDP to decline by 0.8% in 2016 and to grow by 1.1% in 2017, according to the IMF’s Global Financial Stability Report. In July, in its regular annual…
The International Monetary Fund (IMF) forecasts Ukraine’s GDP at the level of 2.5% in 2017, according to the IMF’s World Economic Outlook. In particular, according to the table with data on CIS countries, Ukraine’s real GDP totaled minus 9.9% in 2015, while in 2016 it is estimated at 1.5%, and is projected at 2.5% in…
The Russian Energy Ministry expects production of hard-to-recover oil reserves to rise by 10-15% in 2016, Deputy Minister Kirill Molodtsov reported. “Our combined amount of production of hard-to-recover oil reserves has increased. Last year it stood at 21 million tons, I think, but this year we will increase it by about 10-15%. This is not…
Russian companies have started working on receiving access to correspondence of WhatsApp, Viber, Facebook Messenger, Telegram and Skype users under data retention laws aimed at fighting terrorism. Con Certeza, a developer of a system for investigation activities on networks of mobile operators, is looking for a contractor to research catching and deciphering traffic of the…
The board of directors of the Russian state-owned oil major Rosneft has approved participation in privatization of a 50.08% government stake in oil company Bashneft, sources familiar with the matter reported. Rosneft said in a separate statement that the board had approved a large deal, and a representative of the company said that the deal’s…
The Ukrainian IT service market by 2020 could expand to $5.7 billion from $2.7 billion in 2015 if the tax burden for the sector grows no more than 1% a year, according to a study of PricewaterhouseCoopers (PwC) conducted under order of the European Business Association (EBA). According to the study, the results could be…
Naftogaz Ukrainy projects its net profit for 2016 will amount to 18.355 billion UAH against 34.053 billion UAH of net loss a year earlier, according to a company report for 2015. The company estimates its profit in the second half of 2016 at 897 million UAH. Naftogaz expects sales income in 2016 to come to…