The National Bank of Ukraine (NBU) maintained its preliminary inflation forecast for 2019 -2021 and improved economic growth forecast up to 3.5-4%, the central bank stated in its quarterly inflation report for October, according to the NBU press service. “Inflation will have fallen to 6.3% by the end of the current year and come to…
The Georgian gross domestic product (GDP) increased by 5.2% in September compared to the same period of last year, showed the latest data from the National Statistics Office of Georgia (Geostat). Geostat reported that real GDP grew in January-September 2019 by 5% YoY. In September the estimated real growth compared to the same period of…
Ukrainian Prime Minister Oleksiy Honcharuk says the Cabinet of Ministers has set a goal for Ukraine to get within the next three years into the top-10 of the Doing Business international ranking. “This is a very low spot (64th) for Ukraine. Our state has enormous potential and can even be in the top-10. This is…
Azerbaijan and the UN Conference on Trade and Development (UNCTAD), key body of the UN General Assembly on trade and development issues, have inked an action plan for the procurement and implementation of the Debt Management and Financial Analysis System (DMFAS) program. The action plan was signed by Samir Sharifov, Azerbaijan’s Finance Minister, and Mukhisa…
According to conservative estimates, the gambling revenues in Ukraine may reach UAH 5-9 billion. “According to our conservative estimates, gambling revenues of UAH 5-9 billion are a resource that can be fully mobilized if everything works out,” Finance Minister of Ukraine Oksana Markarova said. Under the gategory of gambling, normally includes online gambling that greatly…
The average monthly salary in Azerbaijan is expected to have increased to 850 manats ($500) by 2024. According to forecasts, the average monthly salary will have amounted to 620.4 manats ($365) by late 2019, 716.7 manats ($421.71) in 2020, 768.6 manats ($452.25) in 2021, 809.2 manats ($476.14) in 2022, and 849.9 manats ($500) in 2023,…
Around one-third of industrial enterprises will find themselves in a vulnerable position due to continued growth in labor costs within the coming three years, Raul Kirsimae, head of the industrial companies unit at Swedbank Estonia, said. Swedbank has analyzed the financial data of some 150 industrial companies operating in Estonia to determine the effect of…