Uzbekistan has become the first CIS country to introduce mandatory labeling of beer. According to the State Tax Committee, on April 1, the production of labeled beer products was launched at the three largest beer factories, which occupied 76.9% of the market. The implementation of the system is expected to benefit everyone. Manufacturers are to…
Electricity prices rose by 18.3% YoY last month, which had the biggest impact on the Estonian consumer price index. In March, the consumer price index fell by 0.2% MoM, but rose by 1.1% YoY, data from Statistics Estonia showed. Goods were 0.5% and services 2% more expensive than in March last year. Viktoria Trasanov, leading…
Oleh Ustenko, the Ukrainian president’s economic adviser, has said he expects Ukraine’s GDP growth in 2021 will be more than 4%. It is noted that technical consultations are underway with the International Monetary Fund (IMF) on the signing of a preliminary agreement to extend the program of cooperation with the Fund. “The staff level agreement…
The International Monetary Fund predicts that after a 4% decline in the gross domestic product in 2020, Ukraine will see a 4% growth in 2021, followed by a slowdown to 3.4% in 2022. According to the Fund’s World Economic Outlook (WEO), average annual inflation in Ukraine, after dropping to 2.7% in 2020, will go up…
According to the updated World Economic Outlook published by the International Monetary Fund (IMF) on April 6, Uzbekistan’s economy is expected to grow by 5% in 2021 and by 5.3% in 2022. Inflation as of the end of this year is set to comprise 10.3% and 11.2% in 2022, which is slightly higher than the…
April 7 was the day when all shops, except for the ones in shopping malls, were permitted to once again open up for customers. Nevertheless, because of the pandemic they are still expected to adhere to strict epidemiological safety requirements, as noted by the Ministry of Economics of the Republic of Latvia. Experts say that…
In February, Estonian accommodation establishments served nearly 100,000 tourists who spent 187,000 nights in total, data from Statistics Estonia showed. The number of visitors dropped by 57% compared to February 2020. Analyst at Statistics Estonia Helga Laurmaa said most of the accommodated guests were domestic tourists and only 13% were foreign tourists. “Year on year,…