The decision by the National Bank of Ukraine (NBU) on reducing the key policy rate by 1%, to 15.5%, is based on the main assumption of an updated macroeconomic outlook for successful cooperation with the International Monetary Fund (IMF), the press service of the central bank reported this with a reference to the summary of…
DTEK has launched the Pokrovsk Solar Power Plant (240 MW), the second largest solar farm in Europe by installed capacity, according to the company’s press service. “The Pokrovsk SPP will generate annually 400 million kWh of green electricity, which is enough to supply 200 thousand private households. The solar farm helps reduce CO2 emissions into…
Over the past 15 years, gross domestic product in Azerbaijan has grown about 3-fold, industrial production 2.6-fold, export volumes 4.7-fold and foreign exchange reserves 24-fold, according to the statistics on macroeconomic indicators for the reporting period. During the same period, infrastructure projects were implemented in Azerbaijan, mainly in the regions. Thus, over the past 15…
The general agreement on minimal wage in the construction sector states that the minimum gross wage is to reach EUR 780 and hourly rate – EUR 4.67 – in the entire industry in Latvia. The agreement also outlines to option to receive 5% bonus if the employed person has appropriate education, which guarantees a wage…
Indian low-cost airline IndiGo (InterGlobe Aviation Limited) is entering the Georgian aviation market on March 5, 2020, announces the Georgian Civil Aviation Agency (GCAA). It will offer direct flights on the route Delhi-Tbilisi-Delhi every day. Flights will be carried out by Airbus A320 and A321 type aircrafts. IndiGo was granted permission to operate in Georgia…
The National Bank of Ukraine (NBU) maintained its preliminary inflation forecast for 2019 -2021 and improved economic growth forecast up to 3.5-4%, the central bank stated in its quarterly inflation report for October, according to the NBU press service. “Inflation will have fallen to 6.3% by the end of the current year and come to…
In the three quarters of 2019 Ukrainian banks received UAH 48.35 billion in net profit compared to UAH 10.9 billion over the same period last year. UAH 27.4 billion – over half of this financial result – accounts for PrivatBank, the press service of the National Bank of Ukraine reports. In general, the bank revenues…