Ukraine: Azerbaijani construction company to build interchanges

Azerbaijan’s EVRASCON (Euro-Asian Construction Corporation) company has won the construction tender in Kyiv’s road transportation sector. As a result of the tender, EVRASCON will oversee the construction of traffic interchanges on the M-05 Kyiv-Odessa and M-06 Kyiv-Chop roads. The interchanges will be built on three sites. The construction of interchanges will ensure the unloading of…

Armenia: economic activity down in March 2020

Economic activity in Armenia shrank by 4.9% YoY in March, data from the National Statistical Service revealed. Economic activity in the country has contracted as a result of a lockdown imposed in mid-March in a bid to curb the Covid-19 outbreak. In the reporting period, construction and trade declined by 26.2% and by 9.9%, respectively,…

Ukraine: budget deficit up in Q1 2020

Ukraine’s national budget in January-March grew by 25% YoY, from UAH 26.2 billion ($966.8 million) to UAH 32.732 billion ($1.21 billion). The country’s consolidated budget consisting of the national and regional budgets saw a UAH 17.324 billion ($639.3 million) deficit in the first three months of 2020, which was 93% higher than the deficit for…