Ukraine: inflation up in October 2018

Consumer inflation in Ukraine in October accelerated to 9.5% in annual terms, according to the press service of the National Bank of Ukraine (NBU). “In October consumer inflation accelerated to 9.5% YoY (8.9% YoY in September). In the monthly measurement, prices rose by 1.7%,” reads the report. As expected, the fundamental inflationary pressure remained significant,…

Kazakhstan: economy up in January-October 2018

Kazakhstan’s GDP grew by 4.1% YoY in January-October, Minister of National Economy Timur Suleimenov announced. “In January-October the economy of Kazakhstan maintained a positive growth trend. GDP growth in the period under consideration reached 4.1%. The major factors of economic growth were a high investment activity, slowdown in inflation, and a production increase in the…

Ukraine: inflation to slow down in 2019

Inflation in Ukraine will slow down next year to a single-digit figure, for the first time since 2013, according to a Reuters survey. This will happen thanks to a tight monetary and prudent fiscal policy that meets the requirements of the International Monetary Fund, that’s according to the polled experts, Reuters wrote. According to a…

Lithuania: slowdown signs visible

Lithuania’s central banker says it sees no clear signs of an upcoming new economic crisis but warns about slowing growth. Vitas Vasiliauskas, the Bank’s chief, acknowledges that the “income turning to expenses” continues, although differently from ten years ago. According to him, the Bank’s assessment is based on how the 2019 budget numbers. (BNN/Business World…

Estonia: EBRD lowers economic growth forecast

The European Bank for Reconstruction and Development (EBRD) has lowered its forecast for Estonia’s economic growth this year by 0.2%, to 3.6%, citing poor corporate investment. The EBRD highlighted that following the investment-led strong gross domestic product (GDP) growth recovery of 4.9% in 2017, economic growth in Estonia slowed down to 3.5% YoY in the…

Kazakhstan: GDP per capita to increase

Minister of National Economy of Kazakhstan Timur Suleimenov has announced a forecast of the country’s social and economic development for 2019-2023. “The forecast is based on the statistical reporting data on GDP for 2017, the results of economic sectors in seven months of the current year, and the trends on world commodity markets,” said Timur…

Azerbaijan: unemployment rate to drop

By 2030 there are plans to reduce the unemployment rate to 4% in Azerbaijan, as well as to bring the unemployment rate among women and youth to a minimum, according to the Employment Strategy of Azerbaijan for 2019-2030. The unemployment rate in Azerbaijan in 2017 was 5%, the unemployment among women was 5.9%, among young…

Ukraine: Zhytomyr region exports 64% to EU countries

Zhytomyr region sells 64% of its export products to the countries of the European Union, Vice Prime Minister for European and Euro-Atlantic Integration of Ukraine Ivanna Klympush-Tsintsadze said during the regional conference “European Integration: The Power of Opportunity” held in Zhytomyr. “I am glad that 64% of exports from Zhytomyr region are directed to the…

Ukraine: retail trade up in January-September 2018

Ukraine saw a 5.5% rise in retail trade in January-September compared to the same period of 2017. However, the Ukrainian State Statistics Service has not provided statistics in monetary terms yet. Retail turnover increased the most in Ukraine-controlled districts in Luhansk and Donetsk regions, as well as in Poltava, Zakarpattia, and Kyiv regions, namely by…

Lithuania: exports to Japan planned

Lithuania plans to export ready-to-bake food products and pets to Japan, the Agriculture Ministry said. The two countries’ agriculture vice-ministers agreed in Tokyo to immediately begin talks on certification procedures. Lithuania’s potential export products include pizzas, kibinai and similar ready-to-bake products containing poultry and cheese, the ministry said. The countries also expect to agree shortly…

Ukraine: revenues from single social contribution up in January-September 2018

Revenues from single social contribution totaling UAH 163.9 billion were transferred to the Ukrainian budget in January-September, the State Fiscal Service’s press service posted on its Facebook page. “In January-September the State Fiscal Service of Ukraine transferred revenues from single social contribution for compulsory state social insurance in the amount of UAH 163.9 billion,” reads…

Uzbekistan: trade turnover with Qatar to increase

Uzbekistan and Qatar intend to expand trade and economic cooperation and achieve sustainable growth in mutual trade, the Foreign Trade Ministry of Uzbekistan stated. According to the information, Deputy Foreign Trade Minister Sahib Saifnazarov held talks with representatives of Qatar’s business community headed by Chairman of the Barwa Group of Companies Sheikh Mohammed Hamad Al-Thani.…