Estonia: healthcare costs up

Healthcare costs have increased by 397 million euros at current prices over the 2009-2015 period, 98 million euros of which fell into 2015, according to the National Institute for Health Development’s (TAI) newly-pubished analysis “Estonian healthcare costs 2015”. In 2015 state health insurance, i.e. the Estonian Healthcare Insurance Fund (EHIF), accounted for 64.8%, household co-financing…

Ukraine: gas imports down in 2016

In 2016 Ukraine reduced imports of natural gas by 32.7% YoY (by 5.376 billion cubic meters), to 11.078 billion cubic meters, according to PJSC Ukrtransgaz. In December 2016 gas imports amounted to 1.659 billion cubic meters, up 3.7 times YoY (444 million cubic meters). Imports from Slovakia last month amounted to 1.303 billion cubic meters,…

Georgia: GDP up in November 2016

Georgia’s real GDP expanded by 2% in November 2016, after a 1.3% growth in October, according to the preliminary data released by the State Statistics Office. Economy grew by 2.4% in the first eleven months of 2016, according to Geostat’s preliminary data. The 2016 economic growth forecast was reduced from 3% to 2.7% as a…

Belarus: external state debt up in January-November 2016

As of December 1, 2016 Belarus’ external state debt totaled $13.5 billion, up by $1.071 billion or by 8.6% since the beginning of the year (taking into account differences in currency exchange rates), representatives of the Belarusian Finance Ministry reportged. In January-November 2016 the external state borrowings totaled $1.76 billion, including $800 million borrowed from…

Belarus to start selling beef to China in Q1 2017

Belarus may start selling beef to China in Q1 2017, Belarusian Agriculture and Food Minister Leonid Zayats reported. The official noted that four Belarusian meat-processing companies had been reviewed and certified by Chinese experts. Another nine are willing to go through the same procedure. The Chinese side spoke in glowing terms about industrial standards of…

Belarus: budget for three years approved

The Council of Ministers of Belarus issued resolution No. 1094 on December 28, 2016 to enact the medium-term financial program of the central state budget for 2017-2019, the press service of the Belarusian government reported. The document stipulates a number of key economic indicators as well as social and economic development targets for the next…

Belarus to boost food exports to Russia in 2017

Belarus will sell more food to Russia in 2017 than in 2016, Belarusian Agriculture and Food Minister Leonid Zayats reported. The minister noted that the boards of the Belarusian Agriculture and Food Ministry and the Russian Agriculture Ministry decided on the amount of food supplies every year. “We set certain reference targets for Belarusian and…

Ukraine: EU cuts wheat imports

The European Union, which ranked second in Ukraine’s wheat export structure in the 2015/2016 marketing year, imported 450 thousand tons of the Ukrainian wheat in 2016, down 3-fold YoY. According to official figures, Ukraine’s wheat exports came to 1,382.7 thousand tons in November 2016, comparable to the amount recorded for the same period last year…