The National Bank of Ukraine (NBU) has stated it may lower the discount rate to 8%, if the economic situation remains stable in Ukraine. “If the macroeconomic situation does not change dramatically, the discount rate may be 8%. We previously planned to reduce it to this level in 2021. However, we see now the prerequisites…
The World Bank (WB) predicts that the gross domestic product of Ukraine (GDP) will reach 3.7% in 2020, according to a WB report. According to the bank’s forecasts, Ukraine’s GDP will grow up to 3.7% in 2020, and 4.2% in 2021 and 2022. The real GDP of Ukraine in the third quarter of 2019 increased…
Trade continued to decline in 2019, with a fall of 10% in imports and exports YoY in November 2019, according to the state agency Statistics Estonia. Trade contracted in most commodity areas. In November 2019 Estonia’s goods exports totaled EUR 1.2 billion and imports EUR 1.3 billion at current prices. The trade deficit was EUR…
Compared to November 2018, industrial production output fell by 0.2% in November 2019. That was affected by output drop in manufacturing by 0.8% and in mining and quarrying by 16.9%, while in electricity and gas supply there was an increase of 3.9%. Output drop was registered in more than a half of manufacturing sectors, with…
In December 2019 prices in Georgia increased by 0.4%, while the annual inflation rate amounted to 7%, showed the latest inflation data from the National Statistics Office of Georgia (Geostat). Prices for food and non-alcoholic beverages in Georgia increased by 1.4% MoM, contributing 0.44% of the overall monthly inflation. In particular monthly prices increased in…
The minimum wage in Ukraine has increased by UAH 550 from January 1, to UAH 4,723, according to the country’s state budget for 2020. The living wage per person per month was set at UAH 2,027 from January 1, at UAH 2,118 from July 1 and at UAH 2,189 from December 1. The living wage…
The unemployment level decline in Latvia will become slower or even stop this year, according to bank analysts. Swedbank senior economist Agnese Buceniece says under slower economic growth demand for laborers will gradually calm down. The first signals for this came up from business surveys. “Although labor force shortage remains a significant force behind wage…