Ukraine: IGC cuts forecast for grain exports

The International Grains Council (IGC) cut its forecast for Ukraine’s grain exports in the current 2021-2022 season, noting ongoing conflict in the country had fuelled concerns about potential food security risks, Reuters informed. Ukraine’s grain exports were revised to 47.8 million tons, sharply down from last month’s forecast of 62.8 million tons with the council…

Lithuania: CB to revise growth forecasts

Following war in Ukraine, the central Bank of Lithuania will revise the existing growth forecasts for this year, its board chairman Gediminas Simkus has confirmed, adding that new estimates will be released on March 22. Inflation is now being affected by changes in the international environment, the central banker said. Annual inflation in Lithuania reached…

Georgia: average salaries up in Q4 2021

Average monthly earnings in Georgia increased by 149.1 GEL ($46.5 or EUR 42) in the fourth quarter of 2021, by 11.3% YoY, and amounted to 1,463.8 GEL ($456.5 or EUR 412.7), data from the National Statistics Office of Georgia (Geostat) showed. The highest monthly earnings were observed in the following fields: financial and insurance activities…