Russia’s recession is not over yet and the gross domestic product (GDP) growth will be limited to 1-1.5% over next five years even if oil prices are high, the Analytical Credit Rating Agency (ACRA) said in a revised economic forecast until 2020. “The social and economic statistics for January-July shows that the recession is not…
Belarus should make a commitment and set clear goals to reduce the share of state-owned economy and enhance management in the public sector. Galina Yaschenko, Project Manager at McKinsey&Company, made this statement on September 8, at a roundtable conference dealing with the findings of a survey, which sought to find solutions for creating a more…
Western NIS Enterprise Fund (WNISEF) created using funds of the U.S. government seeks to invest at least $5 million in commercial startups in the Ukrainian IT sector, WNISEF CEO Jaroslawa Z. Johnson said. “We have received a permit to launch a new fund for startups in the IT sector”, she noted. She said that WNISEF…
The Russian Finance Ministry is yet to decide on the placement of $1.25 billion more sovereign Eurobonds in 2016, Deputy Minister Sergei Storchak said. “No decision has been made”, Storchak noted. Finance Minister Anton Siluanov said that the government was considering placement of more sovereign Eurobonds because it had a budgetary gap to close after…
The Russian government is planning to reinstate import duties on select foreign-built passenger aircraft. Russia originally suspended duties on foreign-built 50- to 300-seater aircraft back in 2010 so as to allow Russian carriers to accelerate their fleet expansion rates. The current measure, rolled over in 2013, is due to expire on December 31, and while…
Belarus and China have stepped up efforts to reach a new level of cooperation that will include direct investments into all spheres. Deputy Head of the Belarus President Administration Nikolai Snopkov made the statement during the seminar held on September 9, to discuss ways to couple the manufacturing potentials of Belarus and China. Nikolai Snopkov…
The total turnover of exchange transactions on all instruments at the Baku Stock Exchange exceeded 2.94 billion manat in January-August, down 2.5 times YoY. The volume of the state securities market totaled 350.6 million manat (up 18.3 times), while the turnover of corporate securities market reached 75.21 million manat (down 22.2 times). The volume of…