Transfers of Azerbaijan’s state oil fund SOFAZ to the state budget are expected at the level of 6.1 billion manats in 2017, dwon by 1.515 billion manats (19.9%) YoY, according to the presentation of the state and consolidated budget projects for 2017. According to the project, SOFAZ’s revenues are forecast at the level of 8.37…
The economy of the Russian segment of the Internet, widely known as the Runet, will add 16.7% in 2016 to 1.581 trillion rubles, the Russian Association for Electronic Communications (RAEC) said. The growth is secured by a number of factors, including expansion of users’ expertise in Internet surfing, an omnipresent access to the Web and…
Russia is ready to consider joining OPEC and other oil producing countries in their efforts on the oil market, Energy Minister Alexander Novak reported. OPEC agreed to limit oil production in a 32.5-33.0 million barrel a day range, although the level for Iran, Libya and Nigeria has not been defined yet. The agreement is to…
Ukrainian President Petro Poroshenko has expressed appreciation to the United States for the decision on loan guarantees and invited U.S. companies to join the National Investment Council. “The last decision on granting loan guarantees from the U.S. government is the recognition of our achievements, as well as the decision of the International Monetary Fund to…
Ukraine’s economy in 2017-2021 may grow by 2-5% per year. This was the forecast made by 54.2% of participants surveyed at the Ukrainian Financial Forum, organized by ICU (a financial services company) in Odessa on September 29-30. According to a poll conducted among the participants, 37.5% of respondents forecast an increase in the country’s GDP…
Russian Prime Minister Dmitry Medvedev has approved of a proposal to develop a national competition development plan, and the Federal Antimonopoly Service will report to the government on its first steps in two months, the service’s Director Igor Artemyev reported. The plan will be similar to the national plan for fighting corruption. “The government is…
The prolongation of a freeze of the accumulative part of Russian pension savings into 2017 will mean abolishment of this system, which is a bad sign for the market and citizens, and the Economic Development Ministry offers a partial unfreeze of the pensions, Deputy Minister Oleg Fomichyov announced. The government froze the accumulative part of…