The Uzbek Republican Commodity Exchange (UZEX) saw $5.75 billion worth of deals during the first nine months of 2021, up by 61.5% YoY. The engagement level of small businesses and private entrepreneurs has increased by 56.8% and reached $2.1 billion. Entrepreneurs purchased commodity resources worth $1.36 billion through the exchange and sold their own products…
The European Union has reaffirmed its support for Ukraine with a clear link to the effective implementation of reforms and policies. The EU recalled that since 2014 the EU and European Financial Institutions had mobilized unprecedented package of more than EUR 17 billion in loans and grants. As noted, the EU intends to propose the…
Ukraine-Turkey trade balance has exceeded the pre-pandemic level. “At today’s meeting, we discussed all aspects of our bilateral relations and regional issues. I and Dmytro signed a plan of consultations that would revive our work aimed at the development of bilateral relations and regional issues. This year, our trade balance has exceeded the pre-pandemic level,”…
INVL, a major Baltic investment fund, forecasts that Lithuania’s average annual inflation will reach 4% this year before decelerating slightly to 3.8% next year, Indre Genyte-Pikciene, the company’s chief economist, has announced. This is an upward revision from INVL’s previous estimates of 2.7% and 3.5%, respectively, last spring. The average unemployment rate is expected to…
Fitch Ratings has affirmed Uzbekistan’s long-term foreign-currency Issuer Default Rating (IDR) at BB- with a stable outlook. Fitch said it was expecting the Uzbek economy to expand by 6.2% in 2021 adding that the growth would maintain strong momentum, averaging 5.7% in 2022-2023 supported by a gradual pace of fiscal consolidation, strong investment, continued access…
Georgia exported 65 million bottles of wine to 59 countries in January-September, up by 12% YoY, the Georgian National Wine Agency reported. By selling wine abroad Georgia generated $168 million. Revenues increased by 11%. The top five countries that imported Georgian wine in January-September were: Russia – 43,350,901 bottles (+7%), Ukraine – 8,609,575 bottles (+8%),…
Although prices have increased in the fastest rate of the last 12 years, the inflation is set to slow down next year, the Bank of Estonia assesses. “Our estimates show that price increases will remain between 3% and 4% next year,” the central bank’s economic research department head Martti Randveer said. Data from Statistics Estonia…