Georgia: prices up in December 2019

In December 2019 prices in Georgia increased by 0.4%, while the annual inflation rate amounted to 7%, showed the latest inflation data from the National Statistics Office of Georgia (Geostat). Prices for food and non-alcoholic beverages in Georgia increased by 1.4% MoM, contributing 0.44% of the overall monthly inflation. In particular monthly prices increased in…

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Kazakhstan: food-processing ventures to open in Shymkent

In order to develop agriculture in Kazakhstan’s Shymkent city, project for creation of agriculture and industrial zone is being implemented in the city, a representative of city’s Department of Agriculture and Veterinary reported. According to the representative, in order to implement the task set by Kazakhstan’s First President Nursultan Nazarbayev and the State Development program…

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Latvia: unemployment decline to stop in 2020

The unemployment level decline in Latvia will become slower or even stop this year, according to bank analysts. Swedbank senior economist Agnese Buceniece says under slower economic growth demand for laborers will gradually calm down. The first signals for this came up from business surveys. “Although labor force shortage remains a significant force behind wage…

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