Uzbekistan intends to raise trade with Turkic Council states up to $10 billion, the Deputy Minister for Investments and Foreign Trade Aziz Voitov has said. Voitov made the remark at the 10th meeting of the ministers of economy of the countries participating in the Cooperation Council of Turkic-speaking states (Turkic Council) in Baku. “We have…
A more-optimistic-than-expected summer economic forecast stands testimony to the government’s crisis management policy, Prime Minister Kaja Kallas (Reform) said on September 9, the first day of the 2022 state budget cabinet talks. Kallas said: “The sufficiently substantial and well targeted supplementary budget compiled rapidly this spring played an important role in this, having provided the…
Lithuania’s parliamentary Committee on Foreign Affairs expressed its support to the actions of the Lithuanian Government with respect to China. Zygimantas Pavilionis, the committee’s chairman, said after the meeting that Lithuania might even benefit from China’s sanctions over time. “I think Lithuania will benefit from these sanctions, as can be seen from the example of…
In August, consumer prices in Ukraine decreased by 0.2% MoM, according to the State Statistics Service, but ose by 10.2% YoY and by 6.2% compared to December 2020. In January-August, compared to the same period last year, consumer inflation amounted to 8.7%. Core inflation last month was 0% compared to July. Since the beginning of…
The World Bank is ready to allocate $230 million to Ukraine until December as part of the COVAX initiative, the Ukrainian Finance Ministry’s press service has reported. According to the report, a meeting was held between Finance Minister Serhiy Marchenko and World Bank Regional Director for Belarus, Moldova and Ukraine Arup Banerji. “The parties discussed…
A Tajik-Uzbek investment company has been created pursuant to a decree of the Uzbek President Shavkat Mirziyoyev. The authorized capital will initially amount to $12 million, with a subsequent increase to $50 million. Its establishment was provided for by the relevant intergovernmental agreement between both states. It was signed in June, within the framework of…
Swiss chocolate producer Camille Bloch, which made a 40-million GEL investment in the Kakheti region of Georgia and planted hazelnut orchards on 50 ha of land, expects its first hazelnut harvest until 2025. Hazelnuts harvested in Georgia will be used for Camille Bloch’s famous chocolates. Georgian Economy Minister Natia Turnava met Daniel Bloch, the president…