News

26Oct2015

The Ukrainian government is planning to increase the normative appraisal of the value of land before lifting the moratorium on its sale, owners of land plots will not turn a profit from this policy, according…

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26Oct2015

The Bucharest-based Banca Nationala a Romaniei kept the monetary policy rate at a record-low 6.25%. The decision was expected by seven out of eight economists surveyed by Bloomberg. One expected a quarter-point cut. The government,…

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26Oct2015

Bulgarian inflation quickened in May after slowing the previous month as fuel and food prices in the European Union’s poorest country rose. The annual rate was 4.8 percent, compared with 4.6 percent in April, the…

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26Oct2015

The European Bank for Reconstruction and Development and the International Finance Corporation will lend 114.8 million euros ($165 million) to wind farms that EDP Renovaveis SA (EDPR) is developing in Romania. The EBRD and the…

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26Oct2015

Ukraine’s central bank raised the cost of deposit certificates to remove excessive liquidity from the market, Kommersant-Ukraine reported, citing a central bank document it obtained a copy of. The annual interest for two-week certificates was…

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26Oct2015

Ukraine’s debt, including state guarantees, fell 0.7 percent in May as the government repaid some foreign and domestic credits, the Finance Ministry said. Sovereign debt declined to $57.8 billion as of May 31 from $58.2…

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26Oct2015

In the period January-March 2011, Bulgaria’s exports to the EU increased by 56.4% compared to the same period a year earlier, totaling BGN 5.7 bn, the National Statistical Institute reported (NSI). The main trade partners…

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26Oct2015

Romania’s economy expanded more than initially reported in the first quarter on surging exports boosted by demand from western Europe. Gross domestic product (GDP) rose 1.7 percent, the first annual growth in two years, compared…

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26Oct2015

Ukraine’s state-run rail operator Ukrzaliznytsya will have USD 2.07 billion of capital investments this year, Ekonomicheskie Izvestia reported, citing the deputy head of the company, Mykola Serhiyenko. The company will invest part of the capital…

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26Oct2015

Ukraine’s state debt, including guarantees, rose 3.1 percent in April as the government increased domestic borrowing, the Finance Ministry said. Sovereign debt increased to USD 58.17 billion as of April 30 from USD 56.42 billion…

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