In September, the consumer price index increased by 0.2% MoM, while the annual inflation rate amounted to 12.3%, the National Statistics Office of Georgia (Geostat) reported. “With regard to the annual core inflation, the prices increased by 6.3%,” Geostat says. The monthly inflation rate was mainly influenced by price changes for the following groups: education…
Chain store company Lidl has announced plans to open 15 stores in Latvia on October 7. Lidl will open stores in Riga, Liepaja, Ventspils, Tukums, Jelgava, Ogre, Valmiera, Jekabpils, Rezekne and Daugavpils. Lidl stores in Latvia will be open every day 08:00 – 22:00. The festive opening ceremony will be organized at all stores at…
With the number of Covid-19 patients on a rapid rise Latvia’s largest hospitals are overloaded, which suggests it is entirely possible a state of emergency may be declared in them. One of the reasons is the limited number of available medical personnel possible to send to assist the overloaded intensive care wings, Latvian Hospital Association’s…
The National Bank of Kyrgyzstan conducted two interventions last week. At least $40.7 million has been spent on maintaining the som’s exchange rate. For the first time in five and a half months, the National Bank of the Kyrgyz Republic entered the foreign exchange market on September 27. Then it sold $33.1 million. The National…
The share of non-performing loans (NPLs) in Uzbek banks’ portfolios has tripled. As of January 1, it stood at 2.1%, while as of August 1 it had grown to 6.2%, Abrorhuja Turdialiev, deputy chair of Uzbekistan’s Central Bank, reported. “This has happened following the rapid growth of the loan portfolio in the previous three years.…
The National Bank of Ukraine (NBU) purchased $15 million on the interbank foreign exchange market last week. According to the results of foreign exchange interventions, the National Bank bought $15 million on the interbank foreign exchange market between September 27 and October 1. Since the start of 2021, the National Bank has sold $197 million…
Ukrainian hryvnia is among the ten best-performing currencies in the world against the U.S. dollar in 2021. As Bloomberg reports, Seychelles rupee ranks first as it has strengthened by 60% due to the resumption of the tourism business. This is the best result among 146 currencies worldwide. Seychelles rupee is followed by Zambian kwacha and…