The Government of Georgia has made a decision to suspend direct flights with Iran amid the recent coronavirus outbreak. The Foreign Ministry announced that this aimed to prevent the possibility of the spread of the China-born virus to Georgia and to protect its citizens. “The government of Georgia is in constant communication with the Iranian…
19,137 foreign nationals are working in Kazakhstan to date, according to the Ministry of Labor and Social Protection, Kazinform reports. 753 of them (4%) are the first category workers (senior executives and their deputies); 4,363 (23%) are working as second category employees (heads of structural divisions); 9,613 (50%) are the third category employees (specialists); 1,749…
The import of electricity from Turkmenistan to Uzbekistan has been fully restored, the press service of the Uzbekistan National Power Networks JSC has reported. According to the press service, the malfunction of the power lines that arose as a result of the accident in Turkmenistan on the morning of February 21 between the Mary and…
Ukraine’s largest state-owned PrivatBank said Ukrainians in 2019 received $1.16 billion from abroad via money remittance systems through the banks’ services. In particular, major money transfers to Ukraine via PrivatBank arrived from the United States ($194 million), Israel ($169 million), Italy ($107 million), Russia ($97 million) and Poland ($73 million), the bank’s press service reported.…
Ukrainian Minister for Development of Economy, Trade and Agriculture Tymofiy Mylovanov believes that in the current conditions the National Bank of Ukraine (NBU) has every reason to reduce its key policy rate to 7% before the middle of 2020, rather than at the end of the year the regulator projected earlier. “According to the National…
Turkmenistan’s electricity exports to Uzbekistan decreased 13-fold on February 21, Uzbekistan National Power Networks LLC reported. On February 21, an accident occurred in the power system of Turkmenistan between the substations “Mary” and “Serdar”. As a result, electricity supplies from Turkmenistan fell from 780 megawatts to 60 megawatts. Due to the malfunction of the power…
The exceptionally warm winter this year has had a negative effect on economic growth, says a senior economist from Swedbank. The fall in logging activity and energy generation, which the mild conditions have brought, have not been mitigated by any improvements in construction or agriculture, Liis Elmik, Swedbank senior economist, has said. “While predicting the…