Economist Viktor Skarshevsky forecasts the forex rate of Ukraine’s national currency, the hryvnia, against the U.S. dollar at UAH 30 by late December 2018. “In November-December of 2016 and 2017 the hryvnia devalued by 5%. Let’s extrapolate from this trend, and we will get the forex rate at around UAH 29.5-30 by the end of…Details
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The Estonian Competition Authority on November 19 rejected a complaint by Eleon Group, an energy company owned by Andres and Oleg Sonajalg, which contested the authority’s decision to allow the merger of renewable energy producer Nelja Energia and the Estonian state-owned energy group Eesti Energia. The Estonian Competition Authority said that it had not violated…Details
Georgia is increasing its role as an important trade partner for the European Union (EU), the Commonwealth of Independent States (CIS) and other countries. In January-October trade turnover with EU countries increased by 18.6% (amounting to $2.76 billion) and with CIS countries by 27.4% YoY, to $3.51 billion, says the National Statistics Office of Georgia…Details
In the three quarters of the current year Kazakhstan produced 466.2 million liters of beer, up by 5.7% YoY. The main producers were Carlsberg Kazakhstan and Efes – their combined share amounted to about 75% of total production in the country. In the regional context, Almaty and Almaty region accounted for 62.2% of total production…Details
Prime Minister Volodymyr Groysman says that Ukraine’s economy has been growing for 11 quarters in a row, but the government still needs external support so that to pay off its foreign debt, the government portal reports. “The economy has been growing for 11 quarters in a row, which means the recovery has begun. In general,…Details
As of November 14 there were 17 billion cubic meters of gas in Ukrainian underground storage facilities. Thus, Ukraine has consumed 200 million cubic meters of gas since the start of gas extraction, the press service of NJSC Naftogaz of Ukraine reported. The company noted that current gas stocks were 300 million cubic meters or…Details
The Asian Development Bank (ADB) approved a grant of $35 million to re-connect the electricity system of Tajikistan with the Central Asian Energy System (CAEC). This will help expand regional energy trade and improve energy efficiency between the CAEC countries, according to the ADB press release. The interconnected energy system in Central Asia will benefit…Details