The Estonian Association of the Club of Rome, an organization made up of former and current government leaders, bureaucrats, politicians, business leaders and other experts, says that economic recovery in the aftermath of the coronavirus pandemic will create an opportunity to switch to a predominantly circular economy, meaning a system which focuses on the continual…
JSC Ukrzaliznytsia does not plan to raise ticket prices after quarantine, Infrastructure Minister Vladyslav Kryklii has said. “There have been no plans to raise tariffs for passenger transportation and there are no such plans yet. It is clear that this issue should be raised in the future. However, when? I cannot tell you yet. Moreover,…
Ukraine in January boosted chicken meat supplies to the European Union by 18.7% YoY, to 9,700 tons. At the same time, Ukraine retained its third position among top exporters of chicken meat to the EU, following Thailand (26,400 tons) and Brazil (27,400 tons), according to an April report by the European Commission. However, Ukraine in…
The World Bank projects Georgian economic growth to slow sharply this year, coming close to 0% in 2020 due to the challenging external environment and impacts of the COVID-19 pandemic. However, the COVID-19 impacts on the Georgian economy “will be partly cushioned by a fiscal stimulus of around 2% of GDP, containing acceleration of capital…
Southern regions of Kazakhstan have already started the planting campaign of spring crops, reported the First Vice-Minister of Agriculture of the Republic of Kazakhstan, Aydarbek Saparov. In particular, Jambyl region planted spring crops throughout 249.5 thousand ha, or 67% of the forecast, Turkistan region – 167.5 thousand ha (25.5%), Almaty region – 97.1 thousand ha…
Municipalities in Latvia will have the right to receive state budget loans to increase base capital of municipal companies if their turnover drops more than 50% because of COVID-19 crisis, as provided by amendments supported by the Cabinet of Ministers on April 9. Finance Ministry explains that for municipalities as capital shareholders to support companies…
The National Bank has predicted a rough crisis scenario for Ukraine in case the country fails to seal a new cooperation program with its key lender, the International Monetary Fund. Following a meeting via video link held between the regulator’s leadership and members of the American Chamber of Commerce in Ukraine, the National Bank will…