The decline in Ukraine’s industrial output in July slowed down to 4.2% YoY after sliding by 5.6% in June, the State Statistics Service reported. Taking into account the adjustment for the calendar-day effect, it fell by 4.4%, the stats agency said in its recent report. Compared to the previous month, industrial production in July increased…
The Verkhovna Rada, Ukraine’s parliament, has adopted the law “On the Ratification of the Financial Agreement “European Roads Ukraine III (Trans-European Transport Network Development Project) between Ukraine and the European Investment Bank””. A total of 288 MPs voted for a respective decision at an extraordinary parliament meeting on August 25. The adoption of the law…
Municipal company AS Daugavpils satiksme has a project application in the works for EUR 10-million co-financing from the EU Cohesion Fund in order to build a new tramway line and reconstruction one of the existing lines, as reported by the city’s municipality. The company has received an invitation from the Central Finance and Contracts Agency…
Grid distributor Elering paid out EUR 8 million in renewable energy support and high-efficiency cogeneration support in July to several generators and other companies. Enefit Green, renewable energy subsidiary of state-owned Eesti Energia group, received EUR 440,900 and its subsidiary Enefit Wind got over EUR 1.7 million in renewable energy subsidies over the month of…
Kazakhstan’s real GDP growth is projected at 2.8% in 2021 given the planned measures to bolster the economic sectors are in place. Addressing the government session on August 25, the Kazakh Prime Minister, Askar Mamin, once again emphasized the difficult economic situation the world was facing now due to COVID-19, which also affected Kazakhstan’s economy.…
Governor of the National Bank of Ukraine (NBU) Kyrylo Shevchenko and U.S. Charge d’Affaires a.i. in Ukraine Kristina Kvien discussed reforming corporate governance in state-owned banks, continuing cooperation with international partners, in particular the IMF, as well as strengthening cooperation between Ukraine and the U.S. Shevchenko noted that strengthening corporate governance and reducing the NPL…
In 2021, Ukraine’s economy will resume growth, while inflation will remain moderate. These conclusions were reached during a meeting of representatives of the NBU, the Government and leading Ukrainian economists, the NBU press service reported on Facebook. The panelists agreed that in 2021 the economy would enter a growth trajectory, while inflation would remain moderate.…