According to the results of the first half of 2020, Kazakhstan’s GDP has decreased by 1.8%, while the forecast was -1.5%. This is due to the downturn in the service sector, despite the relaxation of quarantine measures and the opening of trade and catering facilities from mid-May. According to the National Bank, such industries, as…
The Hungarian low-cost airline Wizz Air has announced the launch of 14 new routes from Ukrainian airports to Italian cities, the airline’s press service reports. “Wizz Air, Ukraine’s leading low-cost airline and Europe’s most eco-friendly airline, has announced 14 new flights to / from Ukraine. With new flights, Wizz Air is reconnecting Italian destinations with…
Ukraine’s State Food Safety and Consumer Protection Service says the Chinese side has officially opened its market for imports of frozen blueberries and bilberries. 10 Ukrainian companies producing the said fruit have already been registered for the relevant supplies, the Service’s press service has reported. China is in the lead of the top three importers…
Solar power systems have been installed in highland villages that are not linked to the national electricity grid in Georgia’s eastern Akhmeta municipality. With the technical support of the USAID Energy Program 25 solar power systems have been installed for permanent resident families in the municipality, including the iconic mountainous region of Tusheti. Each solar…
The National Bank of Kazakhstan has made an unplanned decision to reduce the base rate to the level of 9% per annum with the expansion of the corridor to +/- 1.5%. Consequently, the rate for the liquidity provision standing facilities is 10.5% and for the liquidity withdrawal standing facilities – 7.5%. The decrease in the…
In June, the producer price index of industrial output increased by 1.7% MoM, but decreased by 2.3% YoY, data from Statistics Estonia showed. Eveli Sokman, leading analyst at Statistics Estonia, said the producer price index was on the rise again after a long time. “In June compared to May, the producer price index was affected…
The construction of a cargo terminal at Boryspil International Airport (Kyiv region) is scheduled to begin this fall, the press service of the European Business Association (EBA) has said, following a meeting of Deputy Infrastructure Minister Oleh Yuschenko and airport representatives. According to the EBA, with reference to the Ministry of Infrastructure, design work is…