Ukraine: country switching to war economy

The Government puts the economy on a war footing and takes all necessary steps to do so. “Together with the whole world, we continue to forge our victory. For this purpose, Ukraine is switching to a war economy. Energy security and operation of critical infrastructure. Defense-industrial complex. Agro-industrial complex. Logistics. The successful operation of these…

Estonia: trade up in January 2022

Trade in Estonia grew by a third YoY in January, significantly boosted by a rise exports and imports and higher prices for mineral fuels and electricity, state agency Statistics Estonia reported. In January, Estonia’s exports of goods increased by 35% and imports by 36%. Exports of goods in January amounted to EUR 1.6 billion and…

Georgia: foreign exchange rates prove concerns about Lari “groundless”

The current foreign exchange rates show concerns about the Georgian lari depreciation are “groundless,” Georgian Finance Minister Lasha Khutsishvili has said. Khutsishvili asserted all sources of currency inflow in the country, including export and tourism, were “functional” and “growing”. “After an intervention, today’s official exchange rate has appreciated by around 8 tetri. The situation in…

Moldova: salt stocks enough

Regarding the concerns of the population on the supply of salt, the Ministry of Economy specified that the Republic of Moldova had sufficient stocks. More than a thousand tons of food salt (iodine and non-iodine) was imported in both January and February. Salt importers confirmed that there was no problem in ensuring Moldova’s domestic demand…