Turkmenistan: flights to China suspended

Turkmenistan Airlines suspended flights to Beijing (China) with the aim of carrying out preventive measures to hinder the spread of the 2019-nCoV coronavirus on February 1. The Turkmen flag carrier notes that the safety of passengers and crew is a priority. Information about the resumption of flights will be announced in advance. According to Turkmen…

Ukraine: Oschadbank and PrivatBank join state program on affordable loans

The Entrepreneurship Development Fund has signed agreements with JSC Oschadbank and PJSC CB PrivatBank on the implementation of the state program “Affordable Loans at 5-7-9%”, according to the Finance Ministry. “On January 31, Oschadbank signed an agreement with the Entrepreneurship Development Fund to participate in the state program ‘Affordable Loans at 5-7-9%,” reads the report.…

Latvia: gross domestic product up in Q4 2019

Compared to Q4 2018, the gross domestic product (GDP) value increased by 1.1% in Q4 2019, according to seasonally and calendar non-adjusted data. Main upward pressure on the GDP was exerted by the volume increase in services sectors (according to preliminary estimates – of 0.9%), including a rise of 1.7% in retail trade. Manufacturing shows…

Georgia: economy up in December 2019

Georgian gross domestic product (GDP) grew by 3.8% YoY in December 2019, showed the latest data from the National Statistics Office of Georgia (Geostat). In December 2019 the estimated real growth compared to the same period of the previous year occurred in the following sectors: manufacturing, transport and storage, wholesale and retail trade; repair of…

Armenia: economic activity index up in 2019

The economic activity index of Armenia grew by 7,8% in 2019 compared to the previous year, the Statistics Committee said in a report. During the reporting period the volume of industrial output grew by 9%, the gross agricultural production dropped by 4.2%, construction increased by 4,6% and trade turnover by 8.9%. Volume of services grew…