Ukraine: mass shutdown of enterprises to kill economy

The former Minister for Development of Economy, Trade and Agriculture of Ukraine, Tymofiy Mylovanov criticized the proposal of the Government of Ukraine to temporally close all enterprises in the country, in order to stop the further spread of coronavirus. In particular, the ex-minister believes that such measures will have negative consequences for the country’s economy.…

Latvia: shopping centers to be shut down on weekends

To limit the Covid-19 pandemic in Latvia it has been decided to close down gyms. Shopping centers will close their doors on weekends, Prime Minister Krisjanis Karins has announced. This requirement will not apply to pharmacies and food stores, veterinary shops, gardening and construction stores, as well as optician stores. According to Karins, the decision…

Kyrgyzstan: banks to provide all services

The banking and payment systems of Kyrgyzstan operate in a manner that meets the requirements of the state of emergency with the provision of basic types of banking services and conducting payment and transfer operations, the National Bank of the republic has reported. The National Bank of the Kyrgyz Republic will reportedly continue to work…

Ukraine: unemployment rate up in Q4 2019

The unemployment rate in Ukraine in October-December 2019 increased to 8.7% from 7.3% reported in the third quarter of 2019, or 1.6 million citizens in absolute numbers, the State Statistics Service reported. The report says the number of employed citizens aged 15-70 in the fourth quarter of 2019 amounted to 16.5 million. The employment rate…