Lithuania’s state budget revenue is projected to increase by 11.4% (1.422 billion euros) next year, with an 8.3% (1.238 billion euros) increase in expenditure, according to the Finance Minister Gintare Skaiste. The state’s revenue excluding EU funds should rise by 14.9% (1.434 billion euros), with expenses increasing by 9.3% (1.097 billion euros), the minister said…
The President of Kyrgyzstan Sadyr Japarov has met with the Minister of Foreign Affairs of the Republic of India Subrahmanyam Jaishankar, who is in the country on an official visit. The parties exchanged views on the development of Kyrgyz-Indian cooperation in all areas of interest, including in trade and economic, military, defense, cultural, humanitarian and…
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…