Ukraine: inflation up in October 2018

Consumer inflation in Ukraine in October accelerated to 9.5% in annual terms, according to the press service of the National Bank of Ukraine (NBU). “In October consumer inflation accelerated to 9.5% YoY (8.9% YoY in September). In the monthly measurement, prices rose by 1.7%,” reads the report. As expected, the fundamental inflationary pressure remained significant,…

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Kazakhstan: economy up in January-October 2018

Kazakhstan’s GDP grew by 4.1% YoY in January-October, Minister of National Economy Timur Suleimenov announced. “In January-October the economy of Kazakhstan maintained a positive growth trend. GDP growth in the period under consideration reached 4.1%. The major factors of economic growth were a high investment activity, slowdown in inflation, and a production increase in the…

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Georgia: Washington hosts wine events

Washington is hosting the “First vino Forum of America” on November 11-13. The three-day event includes a “Saperavi Festival” and Georgian wine tasting events. The forum will end with a scientific conference, which will be dedicated to Georgian wine culture and history. The United States is one of the growing export markets for Georgian wine.…

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Lithuania: ruling party leader-related company pledges to stop buying fertilizers from a Russia-affiliated company

Agrokoncernas, a business group owned by Ramunas Karbauskis, leader of the ruling Lithuanian Farmers and Greens Union, has pledged to stop buying fertilizers from Russia company Minudobreniya as its key shareholder Arkady Rotenberg is subject to international sanctions. Agrokoncernas imports fertilizers from Minudobreniya via an intermediary in Dubai, although the company does not disclose, which…

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