IBIC News

Refinancing rate down to 8% in Belarus
May 20, 2020 eng.belta.by
The current acceleration of inflation is temporary. In the coming months the disinflationary effect on the part of cumulative demand will become more pronounced. As a result, the price growth will decelerate to the level of the late 2019. By the end of 2020, the inflation rate is expected to stay within 5-6%.
Ukraine's GDP 1.5% down in Q1, 2020
May 15, 2020 en.interfax.com.ua
Ukraine's real GDP in the first quarter of 2020 fell by 1.5% compared with the first quarter of 2019, the State Statistics Service has said.
Russia GDP will fall by 4.5 per cent in 2020
May 12, 2020 ebrd.com
Russia is set to record negative GDP growth of 4.5 per cent in 2020 following the shocks caused by the coronavirus pandemic and the collapse of the OPEC+ agreement to limit oil production.
Fitch revises Ukraine's outlook to stable; affirms at 'B'
Apr 23, 2020 en.interfax.com.ua
Fitch Ratings has revised the Outlook on Ukraine's Long-Term Foreign-Currency Issuer Default Rating (IDR) to Stable from Positive and affirmed the IDR at 'B'.
Belarus' GDP down 0.3% in Q1 2020
Apr 16, 2020 eng.belta.by
According to initial estimates, the GDP amounted to almost Br30.2 billion in current prices or 99.7% as against January-March 2020 in comparable prices.
Fitch affirms Ukraine at 'B', outlook positive
Mar 07, 2020 en.interfax.com.ua
Fitch Ratings has affirmed Ukraine's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at 'B', the outlook is positive, the rating agency said on its website.
Russia's inflation headed towards lowest level in post-Soviet history
Mar 06, 2020 rt.com
Annual inflation in Russia has eased to 2.2 percent in February, according to the median estimate of 20 economists surveyed by Bloomberg. Statistics show that price growth briefly fell to that level in 2018.
Moody's confirms Belarus' credit rating at B3
Mar 02, 2020 eng.belta.by
The global rating agency Moody's has confirmed the evaluation of Belarus' credit profile at B3 with a stable outlook, BelTA has learned.
Kazakhstan’s foreign investment soars to $8.7
Feb 11, 2020 today.az
The volume of direct foreign investment made in Kazakhstan increased by 15.8 percent year-on-year in the period of January-September, reaching $8.7 billion, Prime Minister Askar Mamin has said. “The EU is one of the key investors and the largest trading partner of Kazakhstan,” Mamin said in an address to the meeting with the heads of diplomatic missions of the European Union member states.
Russia Cuts Interest Rates as Inflation Falls
Feb 07, 2020 themoscowtimes.com
Russia’s Central Bank has cut interest rates for the sixth time in a row as it continues to respond to slower-than-expected inflation. Russia’s key rate will fall to 6% on Monday from its current level of 6.25%, the Bank said Friday.
Unemployment in Armenia up 18% in 3rd Q 2019
Feb 06, 2020 arka.am
Unemployment in Armenia was recorded at 18% in the 3rd Q 2019, according to the Armenian National Statistical Committee's latest report. The unemployment rate in the 3rd Q 2019 shed 2.1 percentage points, compared with the same quarter a year before, but rose 0.3%, compared with the previous quarter.
Belarus' GDP up by 1.2% in 2019
Jan 16, 2020 m.eng.belta.by
According to initial estimates, the country's GDP totaled Br132 billion in current prices, or 101.2% as against 2018 in comparable prices. In 2019 the GDP deflator index made up 106.5% over 2018.
WB increases its GDP growth forecast for Kazakhstan
Jan 12, 2020 today.az
World Bank has increased its GDP growth forecast for Kazakhstan for 2020 announcing it to be 3.7 percent compared to 3.2 percent previously, Trend reports with reference to the January Global Economic Prospects report published by World Bank (WB). According to the report, WB forecasts that Kazakhstan’s GDP growth will be 3.9 percent in 2021 and 3.7 percent in 2022.
Kazakhstan's GDP grows by 4.4 pct
Dec 17, 2019 today.az
Kazakhstan’s GDP grew by 4.4 percent year-on-year in the period of January-November 2019, Prime Minister Askar Mamin said recently while discussing the results of the country's socio-economic development and the implementation of Kazakh budget for 2019.
Belarus' GDP 1.1% up in January-November
Dec 16, 2019 m.eng.belta.by
According to initial estimates, the GDP amounted to almost Br120.1 billion in current prices or 101.1% as against January-November 2018 in comparable prices.
Ukraine cuts key policy rate as deal agreed with IMF
Dec 12, 2019 emerging-europe.com
The National Bank of Ukraine (NBU) has decided to cut the country’s key policy rate by two per cent to 13.5 per cent, as it continues to ease monetary policy as the rapid appreciation of the hryvnia makes inflationary pressures decline faster than expected.
Moody's Investors Service changes Ukrainian govt’s outlook to positive from stable
Moody's Investors Service changed the outlook on the Government of Ukraine's ratings to positive from stable. At the same time, Ukraine's long-term issuer and senior unsecured ratings have been affirmed at Caa1.
Foreign investment in Belarus down 8.5 per cent
Nov 18, 2019 emerging-europe.com
The investment of foreign investors in the Belarusian economy (except the banking sector) amounted to 7.1 billion US dollars during the first nine months of the year, which is 8.45 per cent (600 million US dollars) less than in the corresponding period of 2018.
Russia's Central Bank Cuts Interest Rates on Economic Fears
Oct 25, 2019 themoscowtimes.com
The Bank of Russia has cut interest rates to 6.5% on the back of low inflation, weak domestic growth and fears of a global slowdown. The central bank said further rate cuts could be on the horizon if inflation, which it expects to come in between 3.2-3.7% this year, does not pick-up.
World Bank upgrades GDP forecast for Ukraine
Oct 22, 2019 emerging-europe.com
The World Bank has improved its forecast for GDP growth in Ukraine, saying that the country’s economy will expand by 3.4 per cent in 2019 instead of its previous projection of 2.7 per cent. The financial institution also revised its forecast for the next two years and now expects Ukrainian GDP to grow by 3.7 per cent in 2020 and 4.2 per cent in 2021.

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