On April 8, Latvian Saeima approved amendments to the Law on the Bank of Latvia. Changes are suggested for the structure of the central bank and responsibilities of its various managing bodies. The Saeima this week declared amendments urgent and had them reviewed in two readings. The proposed changes provide for altering the management model…
Government supports a draft bill on opening casinos in Kyrgyzstan, permanent representative of the Cabinet of Ministers in the Parliament Almazbek Abytov has anounced. He noted that the Government would send its proposals on this bill to Parliament in the near future. “In general, we support it,” he added. However, as it became known, the…
Uzbekistan has become the first CIS country to introduce mandatory labeling of beer. According to the State Tax Committee, on April 1, the production of labeled beer products was launched at the three largest beer factories, which occupied 76.9% of the market. The implementation of the system is expected to benefit everyone. Manufacturers are to…
Electricity prices rose by 18.3% YoY last month, which had the biggest impact on the Estonian consumer price index. In March, the consumer price index fell by 0.2% MoM, but rose by 1.1% YoY, data from Statistics Estonia showed. Goods were 0.5% and services 2% more expensive than in March last year. Viktoria Trasanov, leading…
Oleh Ustenko, the Ukrainian president’s economic adviser, has said he expects Ukraine’s GDP growth in 2021 will be more than 4%. It is noted that technical consultations are underway with the International Monetary Fund (IMF) on the signing of a preliminary agreement to extend the program of cooperation with the Fund. “The staff level agreement…
The International Monetary Fund predicts that after a 4% decline in the gross domestic product in 2020, Ukraine will see a 4% growth in 2021, followed by a slowdown to 3.4% in 2022. According to the Fund’s World Economic Outlook (WEO), average annual inflation in Ukraine, after dropping to 2.7% in 2020, will go up…
According to the updated World Economic Outlook published by the International Monetary Fund (IMF) on April 6, Uzbekistan’s economy is expected to grow by 5% in 2021 and by 5.3% in 2022. Inflation as of the end of this year is set to comprise 10.3% and 11.2% in 2022, which is slightly higher than the…