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National Bank: Inflation in Ukraine to reach over 30% in 2022

by The Kyiv Independent news desk July 29, 2022 4:13 PM 1 min read
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According to the National Bank of Ukraine, the country's GDP is expected to decrease by a third this year amid a full-scale Russian invasion that is causing major losses to the Ukrainian economy. “Inflation will accelerate by the end of the current year and will start to decline in the first quarter of 2023,” the NBU said.

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1:48 AM

Russia expands visa-free entry for Georgian citizens.

Russian President Vladimir Putin issued a presidential decree on Oct. 10 expanding visa-free entry for Georgian citizens who are working or studying in Russia, as Moscow continues to cozy relations with Tbilisi amid concerns over the country's democratic backsliding.
3:26 PM

EBRD, IFC to provide $435 million to new Ukrainian telecom company.

The European Bank for Reconstruction and Development (EBRD) and International Finance Corporation (IFC) provided $435 million long-term debt for Datagroup-Volia-Lifecell, a recently merged Ukrainian telecom company, to improve telecoms service quality, the EBRD said on Oct. 10.
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