GDP of the Kyrgyz Republic will fall by 10% in 2020 due to the coronavirus pandemic. The joint socioeconomic assessment “COVID-19 in the Kyrgyz Republic: Socioeconomic and Vulnerability Impact Assessment and Policy Response”, prepared by the Asian Development Bank, the United Nations Development Programme and the Economic Policy Research Institute in the Kyrgyz Republic’s Ministry…
Larger banks in Estonia offer next to nothing in interest on fixed-term deposit accounts, citing a lack of popularity of such accounts, low interest rates in general, as well as unfavorable conditions on the money markets, though some smaller banks have slightly more appealing rates. Fixed-term deposit volumes have nonetheless risen, the Bank of Estonia…
Considering that state support to help reduce the impact of COVID-19 crisis on the economy has already reached 9% of Latvia’s GDP, the Fiscal Discipline Council (FDP) has once again asked the government to limit new economy-stimulating measures and instead start thinking about gradual reduction of the state debt. This much was concluded by FDP…
The Ukrainian Railways Company (Ukrzaliznytsia) will develop intermodal rail shipments inside Ukraine and then in East European and Baltic countries. Within the framework of the project, it is projected to increase the throughput of the railway station Odesa-Port and develop railway infrastructure of the Odesa seaport. A respective memorandum has been signed by Ukrzaliznytsia, Germany’s…
The Ministry of Infrastructure of Ukraine is currently drafting the aviation strategy and plans to complete it until the end of autumn. “Now we are working on aviation strategy. Soon we will start to promote this process very actively with large consulting companies. I think that by the end of autumn we will have the…
More than 58 million GEL (about $18.80 million or EUR 15.97 million) was brought into the state budget by the sale of state property in the seven months of 2020, the National Agency for State Property reported. The agency noted that according to data for the first two quarters of 2020, the privatization plan was…
Consumer spending has returned to the levels it was a year ago, at least with bankcard payments, according to SEB bank, fueled in part by a rise in spending on entertainment and tourism after a hiatus during the peak of the COVID-19 pandemic. However, this does not necessarily mean a return to business as usual…