The 2018 grape harvest is in full swing in Georgia’s wine region of Kakheti. This will be the first grape harvest in the last 10 years that has not been subsidized by the state. Diversified markets, increased wine exports and the number of enterprises on the market gives firm reasons to believe that the grape…Details
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Consumer prices in Estonia rose by 79.5% between 2000 and 2017, more then twice the EU average of 36.5% and fifth in Europe, Eurostat, the European Commission’s statistical agency said. Estonia was, according to the figures, well above the EU average in virtually all sectors, most notably alcohol and tobacco products, where prices in Estonia…Details
Azerbaijan’s Rabitabank and Unibank have made a joint decision to issue syndicated loans, the Unibank said in a statement on September 4. The message said a “Protocol of intent”, implying the issuance of joint syndicated loans, was signed between the banks. The syndicated loans are usually issued to business customers by two or more banks.…Details
In January-June Ukraine exported goods and services to the EU countries to the tune of $11.2 billion. The exports to the EU countries in the first six months of 2018 totaled $11.2 billion (the exports in goods totaled $9.7 billion). Ukraine’s exports to the EU grew by $1.8 billion compared to the same period last…Details
The Ukrainian market of new passenger cars increased by 11% YoY in August, the Ukrainian Motor Vehicle Manufacturers Association UkrAutoProm reports. Also, the demand for new passenger cars over the reporting month grew by 10% MoM. Renault passenger cars had the largest demand in August, with 986 vehicles registered. Its share on the market of…Details
Prices of vegetables, milk, cheese and eggs have increased in Georgia, according to the latest inflation data from the National Statistics Office of Georgia (Geostat). In August the prices of food and non-alcoholic beverages increased by 1.5%, contributing 0.44% to the annual inflation. Prices increased for the following subgroups: vegetables – by 16.4% and milk,…Details
Lithuania’s state-run railway company Lietuvos Gelezinkeliai (Lithuanian Railways) has called a tender to rebuild the Mazeikiai-Renge railway section dismantled a decade ago. The section was used by the Mazeikiai-based oil processing company Orlen Lietuva, owned by Poland’s Orlen, to transport its oil products to Latvia. According to information on Lithuania’s central public procurement website, the…Details