The Consumer Price Index in November grew by 0.6% MoM, while the annual inflation rate in Georgia stood at 12.5%, the latest inflation data of the National Statistics Office of Georgia (Geostat) showed. “With regard to the annual core inflation, excluding food and non-alcoholic beverages, energy, regulated tariffs and transport, prices increased by 6.1%, while…Details
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Latvian Association of Local and Regional Governments (LLPA) is concerned about the rapid surge of electricity prices and its effect on municipal budgets. This means continued provision of municipal functions may be at risk, the association warns. Estimates performed by the cities for 2022 suggest they will require several million euros from the state budget…Details
The prices of several food products have already gone up, while a general and abrupt hike is expected to arrive at the start of the new year at the latest. Growing input prices will affect the cost of meat, milk, cheese and bread. Estonia’s leading food processor HK Scan Estonia that uses the Rakvere and…Details
Kyrgyzstan will not receive a previously planned $100-million loan from the Eurasian Fund for Stabilization and Development (EFSD). Its head Andrey Shirokov told journalists about it. According to him, Kyrgyzstan had problems with the budget last year during the coronavirus pandemic. Therefore, the republic applied to EFSD for a loan of $100 million. The treaty…Details
Before the end of 2021, in cooperation with the Ukrainian Ministry of Finance, PrivatBank and Oschadbank must adopt roadmaps for their partial or full privatization, the press service of the National Bank of Ukraine (NBU) reports. “According to the Memorandum on Economic and Financial Policy, to further reduce the state’s share in banks, PrivatBank and…Details
Some 1,157 loan agreements have been already signed for a total sum of UAH 1.005 billion under the government program “Affordable Mortgage at 7%”, the Finance Ministry’s press service reports. “As of December 2, the authorized banks signed 1,157 loan agreements worth UAH 1.005 billion under the government program “Affordable Mortgage at 7%”, both on…Details
Authorities of Uzbekistan have confirmed their readiness for the republic’s membership in the Eurasian Development Bank (EDB), Deputy Prime Minister of Uzbekistan, Jamshid Kuchkarov has announced. The republic has already applied for membership in the bank as a shareholder. In turn, the Chairman of the Board of the EDB Nikolay Podguzov said that the coordination…Details