Georgian external trade turnover amounted to $15.22 billion in January-October, up by 33.5% YoY, the national statistics office revealed on November 14. The value of exports rose by 34% and equaled $4.54 billion in the reported period, while imports also grew by 33.2%, amounting to $10.68 billion. Trade deficit, a measure of the negative balance…
Core inflation in annual terms is expected to accelerate to 21.5% in October, while remaining under the regulator’s control as its current dynamics corresponds to the trajectory laid down by the National Bank in its outlook. That’s according to an NBU report commenting on the State Statistics data on inflation. “The actual rates of price…
Singaporean group Esco Lifesciences announced it was starting the construction of a medical equipment factory worth 15 million euros in Lithuania’s central district of Kaunas. Situated in the Kaunas Free Economic Zone (FEZ), the new production facility will produce laminars and incubators to ensure optimal microclimate for cells. Elijas Civilis, CEO of Investuok Lietuvoje (Invest…
Moldova will receive a loan worth 100 million euros on behalf of the European Bank for Reconstruction and Development (EBRD) for the implementation of the Moldova Roads IV Project. The money will be allocated based on an amendment to the Agreement on Loan between Moldova and EBRD on carrying out of works of construction and…
The European Commission (EC), the EU’s executive arm, has lowered its 2022 GDP growth estimate for Poland to 4.0% from the 5.2% forecast in July. In a report published on November 11 the EC also lowered its 2023 GDP growth forecast for Poland to 0.7% from the 1.5% expected earlier. According to the European Commission,…
A total of GEL 1.8 billion ($0.66 billion) was returned to taxpayers in Georgia in the first 10 months of 2022 as part of the VAT return reform, the country’s revenue service announced. The reform involves returning the surplus generated from VAT payments through a “new and simplified” system upon delivery of VAT declarations. First…
Inflation will peak at around 19% at the start of next year, but will fail to break the 20% barrier, says Adam Glapinski, governor of the National Bank of Poland (NBP). He added that inflation, which rose to 17.9% in October, should start to fall in the second quarter of 2023. Glapinski made the statement…