The National Bank of Ukraine (NBU) maintained its preliminary inflation forecast for 2019 -2021 and improved economic growth forecast up to 3.5-4%, the central bank stated in its quarterly inflation report for October, according to the NBU press service. “Inflation will have fallen to 6.3% by the end of the current year and come to…Details
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In the three quarters of 2019 Ukrainian banks received UAH 48.35 billion in net profit compared to UAH 10.9 billion over the same period last year. UAH 27.4 billion – over half of this financial result – accounts for PrivatBank, the press service of the National Bank of Ukraine reports. In general, the bank revenues…Details
In the third quarter Estonian state-owned energy group Eesti Energia increased its turnover and tripled its production of renewable energy, but maintenance at Auvere Power Plant that took longer than expected and large-scale energy production restructuring had a negative impact on its result. Eesti Energia’s turnover increased to EUR 206 million in the third quarter,…Details
The Georgian gross domestic product (GDP) increased by 5.2% in September compared to the same period of last year, showed the latest data from the National Statistics Office of Georgia (Geostat). Geostat reported that real GDP grew in January-September 2019 by 5% YoY. In September the estimated real growth compared to the same period of…Details
Fruit juice production accounts for 40% of total agricultural production, Azerbaijan’s Deputy Economy Minister Rufat Mammadov said at the Road Show Eurasia Forum organized by International Fruit and Vegetable Juice Association (IFU) in Baku. Mammadov added that juice production in Azerbaijan always reached high marks, because it was a traditional type of the population’s activity.…Details
Ukraine is to build four toll roads. In particular, Ministry of Infrastructure is developing projects for four roads that will work on concession terms, namely Lviv-Stryi, Kyiv-Bila Tserkva, Lviv-Ternopil, and Lviv-Krakovets, along with projects of ports, airports and train stations. “We, together with the World Bank, have already begun preparations for the concession of roads.…Details
The National Bank of Ukraine (NBU) bought $90 million on the interbank forex market from October 21 to October 25. This is three times more than during the previous week, the NBU said on its website. The NBU said it did not sell foreign currency last week. As a result of the recent purchases, the…Details