The use of an inflation targeting policy over the past six years has proved that the focus of the National Bank of Ukraine (NBU) on low and stable inflation is more effective, rather than the focus on a fixed exchange rate, NBU Governor Kyrylo Shevchenko has written on Facebook. Shevchenko reminded that on August 18,…Details
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Latvia: government considers allocating another EUR 300 million towards additional budget expenses in 2022
The indicative fiscal space or additional expenditures of the 2022 Latvian state budget are estimated at EUR 300 million. Budget deficit is planned at 3.8% of GDP, according to the Ministry of Finance. On August 24, that Cabinet of Ministers will consider a number of topics related to the 2022 state budget, including fiscal space,…Details
The production of honey has doubled compared to last year, while exports of the country’s produce has also been increasing, according to Lithuanian Beekeepers Association. Last year, beekeepers all over Europe were dealing with a shortage of honey, so this June the demand was very high, according to Ramune Cibiene from Lithuanian Beekeepers Association. “When…Details
Georgia’s external trade turnover amounted to $7.48 billion in January-July, up by 21.7% YoY, preliminary data from the National Statistics Office of Georgia (Geostat) showed. The value of exports increased by 27.8% and totaled $2.27 billion, while imports increased by 19.3%, amounting to $5.20 billion. The trade deficit of Georgia in January-July amounted to $2.93…Details
While annual inflation in the euro area accelerated from 1.9% in June to 2.2% in July, in Estonia inflation sped from 3.7% to 4.9% and was also the fastest in the euro area, data from Eurostat showed. European Union annual inflation was 2.5% in July, up from 2.2% in June. A year earlier, the rate…Details
Dyikan market officially resumed its work after its return to state ownership, the national Kyrgyz Temir Zholu company reported. Dyikan agricultural market is intended for wholesale and retail trade in agricultural products and food products. The market is a group of shipping containers and boxes that serve as a warehouse for storing goods. In addition,…Details
The airport for domestic flights Tashkent-3 was temporarily closed on August 19, Uzbekistan Airways reported. “All intra-republican flights will be operated according to the schedule from the Islam Karimov International Airport in Tashkent,” according to the press service of the airline. The Transport Ministry said that the decision was made amid the evacuation of citizens…Details