The World Bank left the forecast for Ukraine’s GDP growth in 2021 at 3.8% but improved it for the next two years. This is stated in the World Bank’s report “Competition and Firm Recovery Post-Covid-19. Europe and Central Asia Economic Update. Fall 2021”. According to the organization’s forecasts, Ukraine’s GDP will grow by 3.5% in…
Lithuania: Belarusian electricity no longer arriving Electricity produced at Belarus’ Astravyets nuclear power plant is no longer entering the Lithuanian market, Energy Minister Dainius Kreivys said on October 7. “I am 110% sure of this,” the minister said at the Seimas Energy and Sustainable Development Commission’s meeting. Lithuanian officials maintain that the Astravyets NPP, built…
The Asian Development Bank (ADB) has approved a $100-million loan for Uzbekistan, the press service of the bank has reported. The loan is aimed at supporting reforms in the fields of politics, legislation and institutions necessary to create a favorable and competitive environment in the financial markets of Uzbekistan. “As Uzbekistan accelerates its transition toward…
Businessman and president of the Estonian Olympic Committee Urmas Soorumaa said that the current economic growth was deceptive, as it was not based on traditional models. “It is sort of deceptive. Yes, the so-called economy is growing since stock markets are growing, there is more money coming in and the amount of money in peoples’…
There were fierce debates during the discussion of the new version of the Tax Code, Gulnara Uskenbaeva, head of the Association of Suppliers, said at a press conference. According to her, the state is confident that the new version is a good Tax Code. Businesses have different opinions on certain provisions, but it should be…
The Ukrainian Agribusiness Club Association (UCAB) forecasts that this year’s sunflower harvest will reach 15.1 million tons, which is 15% more than last year, according to the association’s press service. “In the 2020-2021 marketing year, the harvest of sunflowers is expected at the level of 15.1 million tons. This figure is 15% higher than last…