RUSSIAN, UKRAINE, BELARUS, KAZAKHSTAN MARKETS
4 MAIN EAST-EUROPEAN MARKETS
The economy is expected to expand at a five-year high of 1.8% in 2018 and then slow slightly next year. A hike in the VAT next year should dent household spending growth, while a tense geopolitical atmosphere will likely continue to weigh on confidence and financial assets. FocusEconomics panelists see GDP expanding 1.6% in 2019, down 0.1 percentage points from last month’s forecast.
Solid domestic demand dynamics should ensure steady recovery for the Ukrainian economy this year and next. Tighter labor market conditions will prop up private consumption growth, while fixed investment should remain strong on the back of buoyant public and private investment activity. Considerable risks to the outlook stem from the uncertainty surrounding the IMF agreement as well as from next year’s elections. FocusEconomics panelists see GDP rising 3.2% in 2018 and 3.0% in 2019, which is down 0.1 percentage points from last month’s estimate.
Although the economy is seen losing steam in the second half of 2018, growth should remain solid this year. The recovery is seen carrying over into next year, bolstered by improving domestic demand thanks to sturdy household consumption growth amid improving labor market dynamics. FocusEconomics panelists see the economy expanding 3.4% in 2018 and 3.0% in 2019, which is up 0.1 percentage points from last month’s forecast.
Growth should remain solid throughout the remainder of this year and in 2019, supported by higher oil prices and increased investment in the oil sector. Domestic demand will also likely help spur the expansion against the backdrop of healthy labor market dynamics and stable inflation. The main risks to the outlook include the likely escalation of global trade tensions and significant uncertainty surrounding the transition of power if President Nazarbayev decides to stay out of the 2020 presidential race. FocusEconomics panelists see GDP growing 3.7% in 2018 and 3.4% in 2019, which is down 0.2 percentage points from last month’s forecast.
WHAT I CAN DO FOR YOU
Specifics of running a business on local markets consultations
Search for business partners
Assistance in the negotiation process
Local business etiquette consultations
Analysis of the local market including the current demand for your products and/or services
Checking the credibility of your new business partner
I have finished Moscow Start University at the Department of Economics back in 1990. I used to work as a representative for a reputable pharmacy company called Lilly. After that, I was invited to the Economics Research Company.
In 1998 I was selected for the Special Education Program for gifted young people under the patronage of the President of Russia, Mr. Boris Yeltsin. I managed to finish this program which lasted for one year and included lessons conducted by the best economists in the world coming from the UK, the USA, France, and Germany, successfully.
I’ve been in the United Kingdom for 18 years now (since 2000). In the UK, I have worked for the East European Trade company, a government-owned and operated company. Since 2010, I’ve been working as an Independent Business Advisor of East European Countries. In this period I have established close connections with the Chamber of Commerce and the Trade Departments of the Government and private companies. I am attending the most important trade forums and trade meetings in the embassies on a regular basis.
I’ll be glad to use my knowledge and skills to help your business. Together we can help your business penetrate the market much easier with fewer expenses and ultimately – more profit.