Inflation this year will exceed 3%, but is expected to slow next year as a result of slowing energy price increases as well as the fact that excise duties on alcohol likely won’t increase further, senior analyst at Swedbank, Liis Elmik said. “Energy has been the biggest contributor to rising prices. The price of petrol…
Inflation in Ukraine will slow down next year to a single-digit figure, for the first time since 2013, according to a Reuters survey. This will happen thanks to a tight monetary and prudent fiscal policy that meets the requirements of the International Monetary Fund, that’s according to the polled experts, Reuters wrote. According to a…
Lithuania’s central banker says it sees no clear signs of an upcoming new economic crisis but warns about slowing growth. Vitas Vasiliauskas, the Bank’s chief, acknowledges that the “income turning to expenses” continues, although differently from ten years ago. According to him, the Bank’s assessment is based on how the 2019 budget numbers. (BNN/Business World…
Turkey and Ukraine agreed to have signed the free trade agreement by the year’s end. “At the 7th meeting of the strategic council we decided to have completed the work on signing of the free trade agreement by the year’s end. We believe that we will be able to achieve our goal – balance of…
The European Bank for Reconstruction and Development (EBRD) has lowered its forecast for Estonia’s economic growth this year by 0.2%, to 3.6%, citing poor corporate investment. The EBRD highlighted that following the investment-led strong gross domestic product (GDP) growth recovery of 4.9% in 2017, economic growth in Estonia slowed down to 3.5% YoY in the…
In 2018 the volume of money supply in the economy of Azerbaijan has grown by more than 8%, Elman Rustamov, the Chairman of the Central Bank, said at a meeting with members of the American Chamber of Commerce in Azerbaijan (AMCHAM). Rustamov noted that despite the fairly large liquidity in the banking sector, there were…
Minister of National Economy of Kazakhstan Timur Suleimenov has announced a forecast of the country’s social and economic development for 2019-2023. “The forecast is based on the statistical reporting data on GDP for 2017, the results of economic sectors in seven months of the current year, and the trends on world commodity markets,” said Timur…