IBIC News

Surplus of Belarus' central state budget at Br2.94bn in January-July
Aug 30, 2019 m.eng.belta.by
Revenues of the central state budget totaled Br14.38 billion or 60.3% of the revised annual target. Proceeds from VAT amounted to Br6.9 billion (59.9% of the target), profit tax – Br2.3 billion (57.8%), excise duties – Br1.6 billion (62.4%).
Moody’s changes Armenia’s ratings from stable to positive
Aug 29, 2019 emerging-europe.com
US-based international credit ratings agency Moody’s has upgraded Armenia’s local and foreign currency long-term issuer and foreign currency senior unsecured debt ratings to Ba3 from Ba1, changing the country’s outlook from stable to positive, the Armenian press has reported.
Kazakhstan’s GDP growth hit 4.2%
Aug 13, 2019 inform.kz
The GDP growth of Kazakhstan for the past seven months made 4.2%, Kazinform reports. The year-over-year inflation rate reached 5.4%.
Ukraine GDP up 2.2 per cent in first quarter
May 22, 2019 emerging-europe.com
The Economic Development and Trade Ministry of Ukraine has announced that the country’s real GDP grew by 2.2 per cent in this year’s first quarter compared to the same period of 2018.
Belarus' GDP up by 1.4% in January-April

May 17, 2019 eng.belta.by
In January-April, Belarus' GDP went up by 1.4% year-on-year, BelTA learned from the National Statistics Committee. According to preliminary estimates, the GDP totaled Br39.1 billion in current prices or 101.4% in comparable prices over January-April 2018.
Q1’19 GDP Growth 4.7%
Apr 30, 2019 civil.ge
Georgia’s real GDP grew by 4.7% year-on-year in the first three months of 2019, according to preliminary data released by the National Statistics Office, Geostat, on April 30. The corresponding figure for March stood at 6%, according to the report.
Food prices in Kazakhstan rise significantly due to inflation
Apr 20, 2019 today.az
Inflation of 4.8 percent in March 2019 in Kazakhstan facilitated the rise in food prices by 6.7 percent at once. In turn, non-food products have risen in price only by 6 percent, services - only by 1.2 percent.
IMF forecasts 4.6% economic growth in Armenia this year
Apr 12, 2019 news.am
The International Monetary Fund (IMF) projects 4.6 percent economic growth in Armenia in 2019. According to World Economic Outlook, Growth Slowdown, Precarious Recovery report, inflation will make 2.1 percent this year. The report suggests that economic growth will make 4.5 percent next year with inflation standing at 3 percent.
Russia’s Central Bank Holds Key Interest Rate
Mar 22, 2019 themoscowtimes.com
Russia’s central bank held its key interest rate at 7.75 percent on Friday, but suggested it could cut it later this year because the pace of inflation is expected to slow. “If the situation develops in line with the baseline forecast, the Bank of Russia admits the possibility of turning to cutting the key rate in 2019,” the central bank said in a statement.
President of Kazakhstan Nursultan Nazarbayev resigns
Mar 19, 2019 panorama.am
Nursultan Nazarbayev, the president of Kazakhstan, said on Tuesday he was resigning as the Central Asian nation’s leader after three decades in power, Reuters reported. "I have made the decision to end my tenure as president," 78-year-old Nazarbayev said in his televised address. The speaker of the country's senate Kassym-Jomart Tokayev will execute the office of the president until a new president is elected.
Fitch Ratings affirms Ukraine's 'B-' rating with stable outlook
Fitch Ratings has affirmed Ukraine's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'B-' with a Stable Outlook. Fitch said in its press release that Ukraine's ratings balance weak external liquidity, high external financing needs driven by sovereign external debt repayments, a weak banking sector, institutional constraints and political risks in relation to peers, against improved policy credibility and consistency, improving macroeconomic stability, declining government debt and a track record of bilateral and multilateral support.
Russia’s Black Market Totaled 20% of GDP in 2018
Feb 22, 2019 themoscowtimes.com
The size of Russia’s shadow economy was equal to 20 percent of the GDP last year, media reported Friday, citing the Rosfinmonitoring state financial watchdog. The watchdog recorded 20.7 trillion rubles ($315.9 billion) in undeclared imports and income taxes, as well as under-the-table salaries and other suspicious transactions, in 2018.
Uzbekistan establishes new ministry
Jan 30, 2019 en.trend.az
Uzbekistan has established the new Ministry of Investment and Foreign Trade. The new ministry is responsible for implementing a single investment policy, coordinating the attraction of foreign investments, cooperation with international financial institutions and foreign governments’ financial organizations.
Kazakhstan's GDP growth hit 4.1% in 2018, preliminary data
Jan 15, 2019 inform.kz
According to preliminary data, the GDP growth of Kazakhstan made 4.1% in 2018, Kazinform reports quoting the Kazakh National Economy Ministry.
Fitch assigns Uzbekistan first long-term issuer rating
Dec 21, 2018 en.trend.az
Fitch Ratings assigned Uzbekistan a long-term issuer default rating in local and foreign currency at BB-, the rating outlook is “stable".
Belarus' GDP up 3.2% in January-November

Dec 18, 2018 eng.belta.by
In January-November 2018 Belarus' GDP went up by 3.2% from the same period a year ago, BelTA learned from the National Statistics Committee of Belarus. According to the first assessment, the country's GDP in money terms totaled Br111 billion, or 103.2% in comparable prices against January-November 2017.
IMF announces Kazakhstan's next year growth forecast
Dec 03, 2018 today.az
The International Monetary Fund (IMF) forecasts growth of 3.1 percent in 2019 in Kazakhstan, reads the Concluding Statement of the IMF staff visit to the country. "Growth was strong in the first half of 2018 at 4.2 percent, led by manufacturing, oil, and a recovery of credit growth. With base effects from high growth in late 2017, we forecast growth of 3.7 percent in 2018, and as oil production gains moderate, 3.1 percent in 2019," reads the message.
Experts predict record-breaking boom for outlet store openings in Russia by end 2019

Nov 13, 2018 tass.com
The largest number of outlet stores are projected to open in Russia by the end of 2019, both in terms of numbers, floor space and geography, the authors of the CBRE report, one of the leading international real estate consulting companies, said on Wednesday.
Kazakhstan economy grows 4.1% over past 10 months
Nov 13, 2018 inform.kz
Kazakhstan's GDP grew by 4.1 percent in January-October of this year, Kazinform correspondent cites Kazakh Minister of National Economy Timur Suleimenov.
IMF sees Ukraine’s gross state debt dropping to 53% of GDP by late 2023
The International Monetary Fund (IMF) predicts that gross state (direct) and guaranteed debt of Ukraine would decrease to 53% of GDP by late 2023, according to a report of Fiscal monitor. According to the IMF, in 2018 the state debt of the country will be 70.5% of GDP, next year - 68.8% of GDP, in 2020 - 64.4% of GDP, in 2021 - 60.4% of GDP, and in 2022 - 56.4%.

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