Georgia: economy down in 2020

The nominal gross domestic product (GDP) amounted to 49.40 billion GEL in 2020, up by 0.3% YoY, while the real growth of GDP reduced by 6.2%, preliminary data from the National Statistics Office of Georgia showed. The largest shares of GDP by activity were held by: wholesale and retail trade; repair of motor vehicles and…

Ukraine: Germany invests over $1.67 billion in economy

The issue of energy cooperation with Germany becomes increasingly important, Vice Prime Minister of Ukraine for European and Euro-Atlantic Integration, co-chair of the Ukrainian-German high-level group for economic cooperation Olha Stefanishyna has declared. According to her, the energy partnership was concluded between the countries last autumn, but Germany had been Ukraine’s strategic energy partner for…