Georgia: Central Bank increases key rate

The National Bank of Georgia increased its key rate by 25 base points to 6.75% and announced further “gradual” tightening of the monetary policy in the course of the next two quarters. NBG said in a statement that “the decision is based on macroeconomic forecasts,” according to which, NBG expected that this year’s inflation rate…

Uzbekistan: trade with Afghanistan to increase

On January 24, the government delegation of the Republic of Uzbekistan headed by Foreign Minister Abdulaziz Kamilov held a meeting with senior Advisor to the President of the Islamic Republic of Afghanistan on economic issues Humayun Kayumi, special representative of the President for cooperation with the countries of Central Asia and Russia Mahamad Shokir Korgar.…

Ukraine: milling wheat export and domestic prices up

Both export and domestic grain prices showed growth last week. Export wheat prices gained $1-2 supported by global trends and seasonal complications in seaports. An announcement of ice campaign usually causes some increase in grain handling costs (although insignificant). Moreover, Ukrainian hryvnia fluctuated and traders continued buying grain actively last week. The prices for 2nd…

Ukraine: flour production down in 2016

In 2016 Ukrainian flour milling enterprises produced 1.939 million tons of flour, down by 4.8% YoY, the State Statistics Service declared. In particular, the production volumes in December 2016 totaled 180 thousand tons, up by 1.9% MoM and down by 5% YoY. In 2016 the production volumes of crude sunflower oil in Ukraine totaled 4.401…

Armenia: Russian gas supply down in 2016

Russian gas supply to Armenia decreased from 1.92 billion cubic meters in 2015 to 1.87 billion cubic meters in 2016, materials prepared for the meeting of Armenian Prime Minister Karen Karapetyan with his Russian counterpart Dmitry Medvedev revealed. 2.6% less gas has thus been shipped from Russia to Armenia. According to the Cabinet materials, the…

Moldova: exports to EU on the rise

Moldovan producers export more and more goods to EU states. According to the Minister of Economy Octavian Calmac, the amount of goods exported to European markets has increased since the implementation of the Association Agreement with EU. In 2016 Moldova reached 65% in exports to the European market. The exports to CIS market reduced from…

Ukraine: Independent Association of Banks opposes political pressure on NBU

The Independent Association of Banks of Ukraine (NABU) opposes political pressure on the National Bank of Ukraine (NBU) and blocking of collection of debts from former owners of bankrupt banks against whom lawsuits were filed. “The association addresses Ukrainian President Petro Poroshenko, Prime Minister Volodymyr Groysman and Parliament Speaker Andriy Parubiy asking to guarantee independence…