Ukraine: unemployment rate growing rapidly

Ukraine is not the only country that has faced rising unemployment. As of June 1, over 510,000 unemployed have been officially registered in Ukraine, according to the State Service. However, the actual number of unemployed in May was about 2.5-2.8 million. Moreover, the number of officially unemployed has doubled since quarantine start. Europe is also…

Georgia: lari to continue appreciating

Experts expect the Georgian lari to continue appreciating at least until the end of the year, if some unexpected event does not occur. This opinion is based on the opening of the economy after the coronavirus breakout. “The Georgian lari has appreciated by 10%, which is rare in the recent history of Georgia. I expect…

Estonia: foreign trade down in April 2020

Imports fell by 22% YoY in April, with exports falling by 17%, Statistics Estonia reported. The larger fall in imports offset the balance of trade, the agency said. Estonia’s exports of goods amounted to EUR 1.02 billion and imports to EUR 1.09 billion at current prices. The trade deficit stood at EUR 61 million, down…

Ukraine: Fitch rates Mykolaiv at B

Fitch Ratings has assigned Mykolaiv long-term foreign- and local-currency issuer default ratings (IDRs) of B. “Fitch Ratings has assigned the Ukrainian City of Mykolaiv Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) of B with Stable Outlook,” the statement reads. As noted, the ratings reflect Mykolaiv’s Standalone Credit Profile (SCP) of b+ resulting from a…