Georgia: prices up in September 2021

In September, the consumer price index increased by 0.2% MoM, while the annual inflation rate amounted to 12.3%, the National Statistics Office of Georgia (Geostat) reported. “With regard to the annual core inflation, the prices increased by 6.3%,” Geostat says. The monthly inflation rate was mainly influenced by price changes for the following groups: education…

Uzbekistan: NPLs hit banks hard

The share of non-performing loans (NPLs) in Uzbek banks’ portfolios has tripled. As of January 1, it stood at 2.1%, while as of August 1 it had grown to 6.2%, Abrorhuja Turdialiev, deputy chair of Uzbekistan’s Central Bank, reported. “This has happened following the rapid growth of the loan portfolio in the previous three years.…