The Ministry of Energy and Industry of Kyrgyzstan abandoned the idea of increasing tariffs for the population. This is the recommendation given by the President of the country: the situation in the energy sector is still difficult, but the financial situation of people should also be taken into account. The low-water period continues to complicate…
The National Bank of Ukraine (NBU) expects further progress to be made in negotiations between Ukraine and the IMF, NBU Governor Kyrylo Shevchenko has said. “The main assumption of the macroeconomic forecast taken into account by the NBU Board is continued cooperation with the IMF. The NBU expects further progress to be made in negotiations…
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…