The Georgian government has plans to decrease the country’s external debt to 51.1% of the Gross Domestic Product (GDP) next year, Prime Minister Irakli Garibashvili has announced. Georgia’s external debt amounted to 58.66% of GDP in 2020, nearly 29.3 billion GEL, which increased to a critical 60% of GDP this year. Garibashvili said that Georgia…
The average price of electricity in the Estonian region of the Nord Pool energy market reached EUR 290.06 on December 6. The previous record was broken on November 29 when the price reached EUR 263.96. The average price for the month of November was EUR 116.78, up 2.8-fold YoY. Before 2021, the record price of…
Last week, Artel Electronics LLC (Artel), Central Asia’s largest home appliance and electronics manufacturer, became an official participant of the United Nation Global Compact (UNGC). Launched in 2000, the UNGC is a voluntary leadership platform for the development, implementation, and disclosure of responsible business practices. Artel becomes Uzbekistan’s third company to participate. Artel joins over…
In 2022, UAH 140 billion or 9.4% of all expenditures of the state budget will be invested in Ukraine’s economic development, Prime Minister Denys Shmyhal has written on Facebook. “It is also worth noting that over the past ten years, no budget has been provided for such a volume of capital expenditures as it will…
In January-September, Ukraine exported more than 10,000 tons of apples to 65 countries, Head of the State Service on Food Safety and Consumer Protection Vladyslava Mahaletska said at the conference “Fruits and Vegetables of Ukraine 2021”. “Work on opening new markets requires constant and systematic efforts of many government agencies and businesses. This is one…
Uzbekistan is working to increase exports of packed dried fruits to China, the Uzbek embassy in Beijing reports. China is one of the world leaders in the consumption of processed fruits, vegetables, raisins and legumes. The country imports large quantities of dried fruits and nuts from foreign countries to meet the growing demand for fruits…
The Consumer Price Index in November grew by 0.6% MoM, while the annual inflation rate in Georgia stood at 12.5%, the latest inflation data of the National Statistics Office of Georgia (Geostat) showed. “With regard to the annual core inflation, excluding food and non-alcoholic beverages, energy, regulated tariffs and transport, prices increased by 6.1%, while…