Armenia: economic activity down in April 2020

Economic activity in Armenia shrank by 17.2% YoY in April, data from the National Statistical Service revealed. Economic activity has contracted as a result of a lockdown imposed in mid-March in a bid to curb the Covid-19 outbreak. Though the state of emergency has been extended, most restrictions have been removed. In the reporting period,…

Ukraine: sales of services down in Q1 2020

Services worth UAH 227 billion were sold in Ukraine in January-March, down by 1.7% YoY, according to the State Statistics Service. “In the first quarter of 2020, the volume of services provided by enterprises in the field of consumer services amounted to UAH 227 billion, or 98.3% of the volume provided in the relevant quarter…

Ukraine: unemployment up in May 2020

State Employment Service said the number of unemployed in Ukraine grew by 64% YoY as of May 20, to 501,000 people. At the same time, the number of vacancies is 51,000. This is almost 55% fewer than last year, the report said. The average wage for existing vacancies is UAH 7,000 ($262). Today there is…

Georgia: banks’ net profit up in April 2020

Net profit of 15 commercial banks of Georgia amounted to 80.29 million lari ($25.1 million) in April, up by 16.10 million lari ($5.04 million) YoY, the National Bank of Georgia (NBG) reported. Revenues received by commercial banks from fines / penalties amounted to 308,000 lari ($96,515); the net profit / loss from conversion operations, i.e.…

Kazakhstan: flights with Turkey to be resumed in third decade of June 2020

A telephone conversation was held between the Minister of Industry and Infrastructure Development of the Republic of Kazakhstan Beibut Atamkulov and the Minister of Transport and Infrastructure of Turkey Adil Karaismailoglu. According to the Telegram channel of the Kazakh Ministry’s press service, the parties have summed up the results of cooperation within the first quarter…