Belarus: GDP growth projected at 4.1% in 2019

Belarus’ target economic development scenario suggests that GDP growth will be 4.1% in 2019. This is envisaged by the draft projections of the social and economic development of Belarus in 2019, Deputy Economy Minister Alexander Chervyakov said at an expanded-participation session of the Economy, Budget, and Finance Commission of the Council of the Republic of…

Georgia: annual inflation rate up in July 2018

Georgia’s monthly inflation rate amounted to -0.3% in July, while annual inflation from July 2017 to July 2018 amounted to 2.8%, reports the National Statistics Office of Georgia (Geostat). Last month prices of food and non-alcoholic beverages decreased by 1.1%. Prices decreased for: fruit and grapes (-12.6%) and vegetables (-10.7%). In the meantime, the prices…

Estonia: more foreign workers needed

Estonia needs several times more foreign workers than are currently entering the country, Toomas Luman, president of the Estonian Chamber of Commerce and Industry and chairman of the supervisory board of listed construction company Nordecon, declared. “Currently we have problems with unregistered Ukrainian construction workers on construction sites,” Luman said. “We predicted a long time…

Belarus: plans to set up light industry joint ventures discussed with Uzbekistan

Representatives of the Belarusian state light industry concern Bellegprom and the light industry association of Uzbekistan have discussed the establishment of joint ventures, according to the Bellegprom website. A Bellegprom delegation led by the concern’s Chairman Nikolai Yefimchik is in Uzbekistan on a visit. The delegation held negotiations with members of the Cabinet of Ministers…