iBIC News

Belarus adopts crypto-currency law to woo foreign investors
Dec 22, 2017 today.az
Belarus has legalized transactions in crypto-currencies, part of a drive to foster private sector growth and attract foreign investment by liberalizing parts of its Soviet-style economy, Reuters reports.
Kazakhstan’s unemployment rate reaches 5% in Nov 2017
Dec 12, 2017 inform.kz
In November 2017, the number of unemployed in Kazakhstan was equal to 440,000 people or 5 percent of the economically active population (4.9% in October), Kazinform cites the Statistics Committee of the Kazakh Ministry of National Economy.
Turkmenistan's GDP in 11 months was 6.5%
Dec 11, 2017 akipress.com
GDP growth in Turkmenistan in the first 11 months of 2017 was 6.5%, the state news agency reported. Industrial growth was 5.8%, construction – 1.4%, transport-communication – 10.9%, trade – 9.6%, agriculture – 5.1%, services – 8.9%. Food production grew 6.4%. Retail turnover grew by 18%.
Belarus' industrial output up 6.3% in January-October 2017
Nov 16, 2017 eng.belta.by
Belarus' industrial output totaled Br74.7 billion in current prices in January-October 2017, or 106.3% in comparable prices as against the same period of last year, the National Statistics Committee of Belarus told BelTA. The industrial output of Belarus' mining industry rose by 3.1%.
GDP Growth in Russia Slows
Nov 14, 2017 themoscowtimes.com
Russia's GDP growth disappointed as the July-September numbers came in well below the government expectation at 1.2 percent, making the annual GDP growth only 1.8 percent. The government had been expecting 2.2 percent growth.
Inflation rate jumps up in Kazakhstan
Nov 02, 2017 en.trend.az
In Kazakhstan, the inflation rate in October 2017 was 1.2 percent compared to 0.3 percent in September and compared to December 2016 - 5.4 percent, the Committee on Statistics of the Kazakh National Economy Ministry said in a statement. In the past month, food prices rose by 1.3 percent, prices for non-food products - by 1.9 percent and paid services - by 0.3 percent.
Ericsson has received a three-year upgrade order from the Russian operator MTS
Oct 23, 2017 di.se
Ericsson has received a three-year upgrade order from the Russian operator MTS with a total contract value of more than EUR 400 million, equivalent to SEK 3.85 billion. According to the agreement, MTS will upgrade its network with Ericsson Radio System and core network solutions to prepare the network for 5G and IoT. The upgrades will commence in the fourth quarter of 2017. In December 2015, MTS and Ericsson signed a letter of intent about 5G.
Sooronbai Jeenbekov wins presidential election in Kyrgyzstan
Oct 16, 2017 en.trend.az
Former Prime Minister of Kyrgyzstan Sooranbai Jeenbekov won the presidential election receiving 54 percent of the votes.
IMF upgrades Russia’s GDP growth outlook for 2017-2018
Oct 12, 2017 tass.com
The International Monetary Fund has upgraded its GDP growth outlook for the Russian Federation to 1.8% from 1.4% for 2017 and to 1.6% from 1.4% for 2018 in its new analytic report released on Tuesday.
Inflation in Kazakhstan jumps up
Oct 02, 2017 today.az
The inflation rate in Kazakhstan accelerated to 0.3 percent in September 2017 from 0.1 percent in August in monthly terms. In the past month, food prices fell by 0.5 percent, non-food products - rose by 1.3 percent, while prices for paid services for the population increased by 0.4 percent. The inflation rate for January-September 2017 amounted to 4.2 percent in Kazakhstan.
Ukraine’s consumer prices down 0.1% in August as food prices drop
Consumer prices in Ukraine fell by 0.1% in August, but in annual terms (compared to the same period last year) inflation accelerated to 16.2%, the State Statistics Service of Ukraine has reported.
Average monthly nominal wage in Kazakhstan in August was $435
Sep 12, 2017 akipress.com
The average monthly nominal wage in Kazakhstan in August 2017 was 148,160 tenge or $435. Unemployment rate reached 4.9%, according to the Statistics Committee of Kazakhstan's Education and Science Ministry.
Moody's upgrades Ukraine's credit rating to Caa2 with 'positive' outlook
Aug 26, 2017 en.interfax.com.ua
The Moody's Investors Service rating agency has upgraded Ukraine's ratings in Ukrainian and foreign currency from Caa3 to Caa2 with a "positive" outlook.
Belarus' GDP 1.1% up in January-July
Aug 16, 2017 eng.belta.by
According to initial estimates, Belarus' gross domestic product totaled Br56.7 billion in January-July 2017, 101.1% as against January-July 2016 in comparable prices, representatives of the National Statistics Committee of Belarus told BelTA. In January-July 2017 the GDP deflator index totaled 107.3% as against the same period of last year.
Russian government may establish $1.7 bln digital economy fund
Jun 29, 2017 tass.com
The Russian government is currently discussing the prospect of setting up a digital economy fund totaling 100 bln rubles ($1.7 bln), Presidential Aide Andrei Belousov said in Wednesday.
Russians’ real incomes up by 3% in May
Jun 26, 2017 tass.com
According to preliminary data of Russia’s statistics authority (Rosstat), real disposable incomes of the Russian population decreased by 1.8% in January-May 2017 on the same period last year. In May 2017, incomes decreased by 0.4% year-on-year. In April 2017, the drop was 4.8%.
IMF and EBRD confirm 2% 2017 GDP growth forecast for Ukraine
KThe International Monetary Fund and the European Bank for Reconstruction and Development have confirmed their forecast for growth of Ukraine's GDP at 2% in 2017, according to the surveys of the institutions published on Thursday. The IMF expects that Ukraine's economy will grow by 3.2% in 2018 and the EBRD projects it at 3%, as they earlier said.
2% reduction in real wages observed in Kazakhstan
May 10, 2017 inform.kz
For the second year in a row, the growth of real wages in Kazakhstan has lagged behind inflation - in Q1 2017 the purchasing power of payroll employees has reduced by 2% compared to the previous year.
Uzbekistan creates free economic zones for pharma firms
May 05, 2017 news.uzreport.uz
President Shavkat Mirziyoyev singed on 3 May a decree to create the free economic zones Nukus-pharm, Zomin-pharm, Kosonsoy-pharm, Sirdaryo-pharm, Boysun-pharm, Bustonlik-pharm, and Parkent-pharm, in efforts to draw investment to the pharmaceutical industry, produce high-quality medicine, boost Karakalpakstan, Djizzak, Namangan, Sirdarya, Surkhandarya and Tashkent's industrial capacities, and create new jobs.
IMF improves Russia’s GDP growth to 1.4% in 2017
Apr 18, 2017 tass.com
The International Monetary Fund (IMF) upgraded its forecast on Russia’s GDP growth from 1.1% to 1.4% in 2017 and from 1.2% to 1.4% in 2018 in its new report released on Tuesday. The IMF also revised downward its outlook on Russia’s GDP decline last year from 0.6% to 0.2%.

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