Troubled state-owned airline Nordica may have to be privatized in the years to come, due to European Commission rules requiring the repayment of state aid. Management board chair Erki Urva says that European Commission rules require state aid, which amounts in the case of Nordica to EUR 30 million and was issued after the peak…
To provide the population with the main types of banking services, commercial banks and non-bank financial and credit institutions were recommended to resume their activities from October 8, the National Bank of Kyrgyzstan reported. However, they will work in limited mode. To create conditions for timely receipt of salaries, pensions, benefits, as well as providing…
Ukraine’s gross domestic product will decline by about 6% in 2020, according to preliminary forecasts of the National Bank of Ukraine (NBU), NBU Governor Kyrylo Shevchenko has said. “We estimate that the economy will shrink by about 6% until the end of the year,” Shevchenko said. According to him, there are several forecasts for GDP…
Prime Minister of Ukraine Denys Shmyhal and representatives of the German Committee on Eastern European Economic Relations discussed ways to improve the investment and business climate between Ukraine and Germany, infrastructure projects, energy efficiency initiatives and digitalization, according to the Ukrainian government’s press service. “We appreciate the contribution of German business to the development of…
President Kassym-Jomart Tokayev commended the Government’s work on preparations for a possible second wave of the coronavirus infection in Kazakhstan. At the session for the preparations for a possible second wave of the coronavirus infection, the Head of State emphasized that Kazakhstan, as many other countries, was going through an unprecedented crisis. President Tokayev noted…
The Georgian economy is projected to contract by 6% in 2020, while in 2021 economic growth is forecast to reach 4%, says the latest edition of the World Bank’s Economic Update for the region. “In Georgia, the sharp contraction of economic output is showing signs of easing on the back of fiscal support, sustained credit…
The change of the consumer price index in September was -0.3% compared to August and -1.1% compared to September 2019, data from Statistics Estonia showed. Year on year, goods were 0.7% and services 1.7% cheaper. Leading analyst at Statistics Estonia Viktoria Trasanov said compared to September 2019, the consumer price index was affected the most…