iBIC News

IKEA to open first store in Ukraine next year as business climate improves
Swedish retailer IKEA will open its first store in Ukraine next year because of the country’s improved business climate. President Petro Poroshenko cheered the move as a vote of confidence in Ukraine, which is battling to shake off an image of entrenched corruption that has long deterred to foreign investors.
Bank of Russia Hikes Interest Rates For the First Time Since 2014
Sep 14, 2018 themoscowtimes.com
Russia’s central bank unexpectedly raised interest rates for the first time since 2014, following its counterparts across emerging economies as inflation risks mount with a slumping currency and threats of U.S. sanctions. The benchmark was raised to 7.5 percent from 7.25 percent, according to a statement on Friday.
Growth Kazakhstan in the first half of 2018 reached 4%
Aug 15, 2018 akipress.com
Kazakhstan's GDP growth in January-July 2018 reached 4%, said Minister of National Economy Timur Suleimenov. Inflation reached 2.7% since year beginning with annual inflation standing at 5.9%, he said. The agricultural output increased by 3.5%, services - 3.8%, industrial output - 5.1%.
Belarus' exports of goods, services up 19.4% in H1 2018
Aug 11, 2018 eng.belta.by
In January-June 2018 Belarus' exports of goods and services totaled $20.2 billion, up 19.4% versus the same period of 2017, BelTA learned from the latest statistics report released by the National Bank of the Republic of Belarus (NBRB).
Ericsson and MTS to deliver superior mobile broadband experiences for football fans at tournament in Russia
Jun 08, 2018 ericsson.com
Ericsson (NASDAQ: ERIC) and Russian service provider MTS have teamed up to provide a superior mobile broadband experience for hundreds of thousands of football fans attending the upcoming global soccer tournament in Russia, through Europe’s largest deployment of Massive MIMO (Multiple Input, Multiple Output) to date.
EBRD sees Ukraine’s economy growing 3% in 2018, 3% in 2019
The European Bank for Reconstruction and Development has left unchanged its forecast for Ukrainian economy growth in 2018 at 3% and expects that the same pace would be retained in 2019, the bank has said in a survey.
Moody's says Russian economy resilient to latest U.S. sanctions
Apr 19, 2018 themoscowtimes.com
Rating agency Moody's Investors Service said on Wednesday Russia's strong public and external finances would shield its economy from the impact of the latest U.S. sanctions. However, the sanctions will be credit negative for some Russian debt issuers, especially Russian aluminum giant United Company Rusal Plc.
Kazakhstan's unemployment amounts to 4.9% in March
Apr 13, 2018 inform.kz
The number of those registered unemployed in Kazakhstan in March 2018 amounted to 439.8 thousand people or 4.9 percent of the economically active population, which is roughly the same as in February, Kazinform refers to the Statistics Committee of the Ministry of National Economy.
Belarus' GDP 5.6% up in January-February

Mar 16, 2018 eng.belta.by
In January-February Belarus' GDP rose by 5.6%. In current prices Belarus' GDP stood at Br17.2 billion or 105.6% in comparable prices as against January-February 2017. In January-February 2018 the GDP deflator index totaled 110.2% as against the same period of last year.

Kazakhstan maintains 4.9% unemployment rate
Mar 13, 2018 inform.kz
The number of unemployed in Kazakhstan in February 2018 was estimated at 440,700 or 4.9 percent of the economically active population (4.9 pct in January), Kazinform refers to the Statistics Committee of the Ministry of National Economy.
S&P raises Russia’s rating to investment grade, Fitch sees positive outlook
Feb 23, 2018 rt.com
Standard & Poor’s Global Ratings agency has raised Russia’s long-term and short-term sovereign credit rating to BBB-/A-3, while Fitch has reaffirmed the country’s investment grade level with a positive outlook.
Kazakhstan's unemployment rate falls to 4.9%
Feb 13, 2018 inform.kz
The number of unemployed in Kazakhstan in January 2018 was estimated at 440.3 thousand or 4.9%, which is less than the previous number of 5% in December, Kazinform refers to the Statistics Committee of the Ministry of National Economy.
Extraordinary presidential election to be held in Azerbaijan
Feb 05, 2018 inform.kz
President of Azerbaijan Ilham Aliyev signed an order on Feb. 5 announcing the extraordinary presidential election. The extraordinary presidential election will be held on April 11, 2018.
GDP growth in Tajikistan stands at 7.1% in 2017
Jan 17, 2018 akipress.com
The GDP growth in Tajikistan in 2017 was 7.1% or $6.9 million compared to 2016, the Statistics Agency under the President of Tajikistan reported. Agriculture, hunting, forestry, fishing and fish farming are still prevalent in the structure of GDP — 21.1% of the total GDP.
Russia boosts goods import from non-CIS countries to $202.3 bln in 2017

Jan 15, 2018 tass.com
Russia increased imports of goods from non-CIS countries in 2017 by 24.3% year-on-year to $202.3 billion, the Federal Customs Service said on Monday. Imports of goods from non-CIS countries rose 11.3% month-on-month to $20.7 bln in December 2017.
Tax burden for legal entities decreases in Uzbekistan
Jan 03, 2018 en.trend.az
The corporate income tax rate for legal entities has increased from 7.5 percent to 14 percent in Uzbekistan from January 1, 2018, the country’s State Tax Committee told Trend. Meanwhile, the tax on improvement and development of social infrastructure, which was eight percent, was abolished.
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%.

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