The share of Ukraine’s shadow economy totaled 32% of GDP in the first half of 2018, down by 3% YoY, the press service of the Economic Development Ministry reports. According to the ministry, the shadow economy in Ukraine declined due to maintaining macroeconomic stability, creating favorable conditions for doing business in Ukraine and preserving the…
Ukraine’s large and medium-sized crushers produced 17.5 thousand tons of margarine in October, down by 9.8% MoM (19.4 thousand tons) and by 23% YoY (22.7 thousand tons). Margarine production in January-October8 was down by 3.4% YoY against a 0.6% delay reported a month earlier. The seasonal rise in output indicators is observed this year, but…
Georgia’s economic performance remains strong, but downside risks to the outlook have increased, reads the third review of the International Monetary Fund (IMF) of Georgia’s performance under the 3-year Extended Fund Facility (EFF). The executive board of the IMF completed the third review on December 19. The completion of the review will release about $41.6…
According to a press release by SEB, purchases made on the websites of Estonian online retailers increased by almost 70% in volume over the first three quarters of 2018. Thrown in together, purchases made using cards as well as online increased in volume by some 30% this year as well. The trend is in line…
The freight traffic in January-November made 542,366 ton-kilometer, up by 7.9% YoY, the Statistics Committee of the National Economy Ministry reports. In particular, rail freight turnover grew by 8.7% in the accounting period. Flow of traffic rose by 5.2% in January-November settling at 3,703 billion tons. The passenger turnover hit 257,181 billion passenger-kilometers in the…
In 2018, Ukrainian farmers gathered a record grain harvest totaling 70.1 million tons, which would allow them to export 47-50 million tons of grain, Acting Agrarian Policy and Food Minister of Ukraine Maksym Martyniuk said. “70.1 million tons of grains is a record harvest in the entire history of observations. And, respectively, it gives a…
The National Bank of Ukraine on December 18 made a decision to terminate the banking license of Kyiv’s VTB Bank, a subsidiary of the eponymous Russian lender, the press service of the Individuals’ Deposit Guarantee Fund reported. “The Deposit Guarantee Fund made the corresponding decision based on the National Bank decision on December 18 on…