The National Bank of Georgia increased its key rate by 25 base points to 6.75% and announced further “gradual” tightening of the monetary policy in the course of the next two quarters. NBG said in a statement that “the decision is based on macroeconomic forecasts,” according to which, NBG expected that this year’s inflation rate…Details
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On January 24, the government delegation of the Republic of Uzbekistan headed by Foreign Minister Abdulaziz Kamilov held a meeting with senior Advisor to the President of the Islamic Republic of Afghanistan on economic issues Humayun Kayumi, special representative of the President for cooperation with the countries of Central Asia and Russia Mahamad Shokir Korgar.…Details
The State Property Fund of Ukraine (SPF) intends by the end of 2017 to sell 99.967% in PJSC Odessa port-side chemical plant, 75.22% of PJSC Turboatom, 68.0095% in PJSC Zaporizhia Aluminium Combine (ZAlK), as well as state-owned stakes in Zaporizhia Titanium and Magnesium Combine (51%) and PJSC Azovmash (50%). The relevant paragraphs are contained in…Details
Both export and domestic grain prices showed growth last week. Export wheat prices gained $1-2 supported by global trends and seasonal complications in seaports. An announcement of ice campaign usually causes some increase in grain handling costs (although insignificant). Moreover, Ukrainian hryvnia fluctuated and traders continued buying grain actively last week. The prices for 2nd…Details
In 2016 Ukrainian flour milling enterprises produced 1.939 million tons of flour, down by 4.8% YoY, the State Statistics Service declared. In particular, the production volumes in December 2016 totaled 180 thousand tons, up by 1.9% MoM and down by 5% YoY. In 2016 the production volumes of crude sunflower oil in Ukraine totaled 4.401…Details
Naftogaz Ukrainy from February 1, will raise the price of gas sold to industrial customers on a prepayment basis by 22%, or UAH 1,663, to UAH 9,215 per 1,000 cubic meters (including VAT). According to a company press release, this price is relevant for consumers buying gas in the amount of more than 50,000 cubic…Details
Last year, Klaipeda port registered a new record cargo transshipment-wise, becoming the leader among Baltic States, according to data published by the port. In 2016, Klaipeda port secured 40.14 million tons of cargoes, up by 4.2% YoY. Cargo transshipment at Riga port declined by 7.5% last year (37.07 million tons). Ventspils port’s turnover declined by…Details