President of Ukraine Volodymyr Zelensky has approved a strategy for the development of the defense-industrial complex of Ukraine, according to his press service. The head of state signed decree No. 372/2021 “On the decision of the National Security and Defense Council of Ukraine dated June 18, 2021 “On the Strategy for the Development of the…
The leading investment bank in Georgia Galt and Taggart revised 2021 growth upwards to 8.6% in Georgia. “The recovery has gained impressive traction since April,” says the recent report pointing at figures. The real GDP growth came in at 29.8% YoY in Q2 after shrinking by 4.5% in Q1. As a result, the economy expanded…
Latvia is not prepared for the way the economy will be changed by climate neutrality requirements. Mostly businesses in Latvia think only about cost reduction, not new ways of earning in the context of climate requirements, said the governor of the Bank of Latvia Martins Kazaks. “I don’t think the private sector or state administration…
R-Kiosk retail chain has reported 2020 losses of EUR 4.1 million. Taken with previous accounting periods, the company had accumulated losses of EUR 5.8 million as of the end of the 2020 accounting year. In 2019, the company lost EUR 2.2 million and EUR 1.6 million in the previous year. Sales revenue fell by 18.1%,…
“We predict that the country’s economy will recover to its pre-pandemic level until 2023 only,” the President of Kyrgyzstan Sadyr Japarov said at a meeting with the Heads of Government of the Eurasian Economic Union. According to him, real GDP growth in Kyrgyzstan will amount to 3.8% in 2021, as economic activity recovers. GDP growth…
Based on the results of an unscheduled inspection, the National Bank of Ukraine (NBU) decided to apply a measure of influence to FC Fincom Credit LLC in the form of revoking the license for conducting financial services. According to the NBU’s press service, the relevant decision was approved by the Committee on Supervision and Regulation…
The use of an inflation targeting policy over the past six years has proved that the focus of the National Bank of Ukraine (NBU) on low and stable inflation is more effective, rather than the focus on a fixed exchange rate, NBU Governor Kyrylo Shevchenko has written on Facebook. Shevchenko reminded that on August 18,…