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,…
It is planned to build 16 world-class multi-field hospitals in Kazakhstan under the 2020-2025 healthcare development state program, the Healthcare Ministry’s press service reports. The hospitals will be equipped with the up-to-date medical equipment, information system. They will be constructed under PPPs and the long-term contracts. It will let build within 5-6 years a network…
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…
Nova Poshta International (NPI), a member of the Nova Poshta group of companies, has changed its name to Nova Poshta Global (NPG), according to the company. “Such changes have occurred so that the name conveys a deeper meaning of the entire activity and strategy of Nova Poshta Global, the worldview of its employees. We help…
The Georgian wine variety of Ojaleshi Salkhino has been added to the list of protected Georgian appellation wines. Ojaleshi Salkhino is a red dry wine from Martvili municipality in the western Georgian region of Samegrelo. Until now, there have been 20 Georgian appellation wines registered in Georgia: Khvanchkara, Mukuzani, Tsinandali, Akhasheni, Gurjaani, Kindzmarauli, Manavi, Kakheti,…
A EUR 20.6-million deal has just been signed between the Road Administration (Maanteeamet) and private sector firm Nordecon AS, which will see a new viaduct traffic junction constructed at Vao in the eastern Tallinn district of Lasnamae. The work is scheduled for completion by the end of next year, and will include smart systems and…
President Kassym-Jomart Tokayev has assigned to work out an economic growth rehabilitation package by May 11. “The government and National Bank will have elaborated the economic growth rehabilitation package by May 11 to support the worst-hit industries. The country embarks on a brand new stage of its development. We will live in a new reality…