President of the European Business Association (EBA), CEO of Dragon Capital Tomas Fiala says Ukraine’s economy may accelerate to 4% in 2020 with inflation at 5.2%. “We expect GDP growth at 4% this year, and at 3.7% next year, while inflation at 5.2% this year and at 6.1% in 2021,” he said at an EBA…
The National Bank of Ukraine (NBU) said Ukrainian labor migrants transferred about $12 billion to the country in 2019. “The favorable situation in the forex market for most of 2019 was determined by good export performance, which was supported by a relatively good pricing environment in foreign markets; record agricultural productivity; moderate growth in goods…
Investments made in Azerbaijan’s regions exceeded 8 billion manats ($4.7 billion) in 2019, Economy Minister Mikayil Jabbarov said, while summing up the results of the first year of implementation of “The State Program on socio-economic development of the regions of Azerbaijan in 2019-2023”. “In 2019, 7.2 billion manats were allocated for the implementation of “The…
Tbilisi City Hall has announced it will launch a rehabilitation effort for two of the capital city’s cultural heritage monuments, with 19th century-built National Palace and Cadet Corps venues to be safeguarded this year. Located along the central Shota Rustaveli Avenue, the two buildings will go under a two-year, 25-million GEL (about $8.7 million or…
Swedbank has been experiencing some issues with its banking services, and is working to resolve the problems, the bank says. The bank has also said it is conducting scheduled overnight work, which could cause additional disruption. Ede Raagmets, Head of Swedbank’s Customer Services Division, said on February 5 that various banking services had been hit…
Ukraine’s Windrose Airlines will launch direct flights between Kyiv and Zagreb (Croatia) from June 2, Ambassador of Ukraine to Croatia Vasyl Kyrylych has said. “Croatia and Ukraine are closely connected by the past and the present. This connection will be strengthened by direct flights from Kyiv to Zagreb from June 2 by Windrose Airlines,” the…
Lviv Danylo Halytskyi International Airport in January boosted its passenger flow by 28.6% YoY, to 163,400 people. The airport over the period under review serviced 143,400 passengers flying on international routes and 20,000 people on domestic ones, the airport’s press service wrote on Facebook. The number of outbound and inbound flights rose by 6%, to…