In January-October the industrial output shrank by 0.6% YoY. According to the National Bureau of Statistics, in October it contracted by 2.2% YoY. In January-October the output decreased by 16.5% in the mining industry and grew by 0.7% in the processing one. The food industry reported the decrease by 0.6% YoY. In particular, the output…
Ukrainian company Sixa, which has developed an application for access to a high-performance virtual computer in the “cloud,” has raised $3.5 million from U.S.-based Tandem Capital fund, as well as the investment companies Horizon Capital and Digital Future. “Sixa is a very valuable company for Digital Future’s portfolio. Fight among investors for the opportunity to…
Foreign direct investment in Georgia increased by 5% YoY in the first nine months of 2016 to $1.29 billion, according to preliminary data released by the State Statistics Office. FDI in the third quarter stood at $463 million, down by 4% YoY and up by 3.8% QoQ. After increasing by about 33% YoY in the…
The European Investment Bank (EIB) will allocate EUR 450 million to Georgia through three loan agreements, the EIB and Georgian Prime Minister’s Office said. EUR 250 million will be allocated to finance new construction and upgrading of priority roads, EUR 100 million for the rehabilitation and upgrading of municipal infrastructure and a EUR 100 million…
The government, entrepreneurs and social partners continue sharp discussions of the future of micro-enterprises and the tax regime to be applied to them in the foreseeable future. One proposal suggests canceling the payment of mandatory minimal social fees and increasing micro-enterprise tax rate from 9% to 15%.This proposal was reviewed week by members of the…
DCH Group of the Kharkiv businessman Oleksandr Yaroslavsky has detailed its plans to create a consortium for the purchase of the Odessa Port-Side Plant. “We intend to involve Rothschild & Co Bank as an advisor for establishing an international consortium to acquire Odessa Port-Side Plant. At the moment, we are discussing its role as an…
In January Belarus’ consumer prices grew by 1.9%, in February – by 2.9%, in March – by 0.8%, in April – by 0.7%, in May – by 0.5%, in June – by 0.4%, in July – by 0.4%, while August saw a 0.1% deflation. In September consumer prices resumed growth at 0.7%, and at 0.8%…