Georgia: inflation rate at 13.7% in February 2022

The Consumer Price Index in Georgia increased by 0.9% MoM in February, while the annual inflation rate totaled 13.7%, the latest inflation data of the National Statistics Office of Georgia (Geostat) showed. “With regard to annual core inflation (excluding food and non-alcoholic beverages, energy, regulated tariffs, transport), prices increased by 5.1%, while annual core inflation…

Ukraine: Minister of Finance meets online with financial leaders of G7 countries, IMF and WB

Minister of Finance of Ukraine Sergii Marchenko has met online with the financial leaders of the G7 countries, the International Monetary Fund and the World Bank. The parties discussed possible financial instruments of assistance to help strengthen Ukraine’s economic system, including an increase in the amount of support and the facilitation of procedures for the…

Ukraine: European Commission calls for urgent connection to continental grid

The European Commission asked for European Union member states’ support in connecting Ukraine’s electricity grid to the European grid, the commissioner for energy, Kadri Simson, Estonia’s representative, said. Ukraine decoupled from the Russian grid it had previously been connected to early February 24 morning and shortly before the commencement of the invasion by Russian forces.…