The National Bank of Tajikistan (NBT) predicts further food price hike under the pressure on the exchange rate of the national currency, the somoni, against the dollar (USD). Tajik central bank forecasts that prices for imported food products will begin to rise starting from the second quarter (April-June). The NBT specialists say negative inflation expectations…
The Aga Khan Fund for Economic Development (AKFED) has added another telecoms operator to its portfolio by buying Telia Company’s 60% stake in Tajikistan operator Tcell. AKFED already owned the other 40% and is reportedly paying just $27.7 million for the rest. AKFED owns Afghanistan’s Roshan mobile operator, which in turn also owns Smart Telecom,…
The Belarusian government expects real revenues of the population to rise, Prime Minister of Belarus Andrei Kobyakov declared. According to the head of government, real salaries in Belarus rose by 1% in Q1 (by 0.5% in January-February). According to statistics, in March the average salary was slightly above Br770. “Salaries are on the rise. The…
In 2017, the amount of investment income made 51.5 billion tenge, according to CEO of the JSC Unified Accumulative Pension Fund Nurbubi Nauryzbayeva. In her words, in the first quarter of 2017, pension assets increased by 153 billion tenge and comprised 6 trillion tenge as of April 1. 98% of all the retirement savings was…
Compared to February, the average level of producer prices in Latvian industry grew by 0.1% in March. The prices of products sold on the domestic market dropped by 0.1%, whereas the prices of exported products increased by 0.3%. The prices of products exported to euro area countries grew by 0.2% and of products exported to…
The Ministry of Labor held an extended meeting devoted to the results of operations for the first quarter of 2017 and unconditional execution of the Program of employment of the population for 2017. 39.8 thousand jobs were created in the period from January to March. 2 thousand unemployed citizens received vocational training, and 1.2 thousand…
The international rating agency Fitch Ratings has affirmed Kazakhstan’s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at ‘BBB’ with Stable Outlooks. The issue ratings on Kazakhstan’s senior unsecured foreign-currency bonds have also been affirmed at ‘BBB’, Fitch said. The Short-Term Foreign- and Local-Currency IDRs have been affirmed at ‘F2’. The Country Ceiling has been…