The National Bank of Ukraine (NBU) has left its forecast for the growth of the country’s real gross domestic product (GDP) in 2021-2023 unchanged at about 4%, NBU Governor Kyrylo Shevchenko has said. “Steady consumer demand and favorable conditions for foreign trade compensate for Ukraine’s economic losses caused by tightened quarantine last winter and spring.…
In Q1 2021, Latvia’s state budget deficit ratio to GDP was larger than the average in the European Union, according to the data published by Eurostat for 22 EU member states. According to this data, Latvia’s budget deficit in January-March was 8.6% of GDP. In Q1, budget deficit was observed in nearly all EU member…
The effects of the pandemic have made their effects known within the construction sector and related industries, though not always in ways envisaged. Prices internationally of materials like timber have tripled since May, for instance, though in the US they have started to fall again. At the same time, construction projects are ongoing, leading to…
Trade turnover between Kyrgyzstan and Iran increased 4-fold between 2015 and 2019, president of the Kyrgyz Union of Industrialists and Entrepreneurs Danil Ibraev announced at the Kyrgyz-Iranian Business Forum. “Export increased 4.3-fold and import – 3.8-fold. Unfortunately, trade decreased and amounted to $19,600,000 last year due to the coronavirus pandemic,” he said. According to Danil…
The Parliament of Georgia has approved an updated state budget of Georgia, which is now planned with a 7.7% economic growth forecast instead of 3.4%. In addition, the deficit has been lowered from 7.6% to 6.9% and the government’s debt has been lowered to 54.6%. “The government raises taxes by 1.11 billion GEL and boosts…
Kyrgyz-Iranian Business Forum started its work in Bishkek. More than 140 companies and representatives of economic departments of both republics take part in it. The delegation of Iran intends to discuss issues of Kyrgyz-Iranian cooperation, possible investment projects, determine commodity items for mutual trade, creation of joint ventures, in particular the opening of a plastic…
The Cabinet of Ministers of Ukraine will allocate UAH 106 million from the reserve fund of the state budget for the restoration of aircraft used in emergencies and other civil defense tasks. The relevant decision was initiated by the Ministry of Economy. “The Government is constantly taking measures to prevent threats to the lives of…