Many Finnish companies are currently re-evaluating the internationalization plans due to the COVID-19 pandemic, a source in Finland’s Ministry of Foreign Affairs has reported. The official said that focus areas for Finnish businesses in Kazakhstan were energy, cleantech, digitalization and education. “For instance, in education, the last few years saw an opening of an innovative…
The estimated real gross domestic product (GDP) declined by 16.6% YoY in April, the National Statistics Office of Georgia (Geostat) reported. GDP declined by 3.6% in the first four months of 2020. In April, the estimated real growth compared to the same period of the previous year was posted negative in almost all activities, while…
Ukraine’s international reserves grew by more than $3 billion in June, according to Prime Minister Denys Shmyhal. “Now they amount to more than $28.5 billion. This is the highest level of reserves in the last eight years. Current reserves cover almost five months of imports, and this is one of the key factors of macro-financial…
Ukraine’s gross domestic product (GDP) decreased by 5.9% YoY in January-May, according to the latest Economic Activity Report released by the Ministry for Development of Economy, Trade and Agriculture. In particular, the reduction of ISP (consolidated index of goods and services production by main economic activities) totaled 7.3% (a 6.7% decline in January-April) and respectively…
Due to epidemiological crisis caused by Covid-19, the foreign trade turnover of Latvia amounted to EUR 1.93 billion in May, which at current prices was 24.1% less than a year ago, of which the exports value of goods dropped by 16.8% and imports value of goods – by 29.6%. In May, Latvia exported goods in…
Exports and imports in Estonia both declined by a quarter YoY in May, government agency Statistics Estonia reported. Imports from China did however rise slightly, driven mainly by consignments of personal protective equipment from the country during the coronavirus pandemic. Evelin Puura, leading analyst at Statistics Estonia, said trade decreased the most with EU Member…
The value of trade turnover between Kazakhstan and Russia amounted to $5.2 billion over the first four months of 2020 compared to $5.7 billion during the same period of 2019, the Statistics Committee reported. The share of Russia in total value of Kazakhstan’s trade turnover was 18.7% during the reporting period of 2020 compared to…