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…
The European Investment Bank (EIB) will provide a EUR 30-million loan to JSC Ukrposhta, Ukraine’s national postal operator, to continue the modernization and digitalization of the country’s postal services. The loan will allow Ukrposhta to start modernizing its logistics network with three new sorting hubs, 20 postal depots and IT infrastructure. The loan agreement was…
Ukraine’s Windrose Airlines has started selling tickets for direct flights on the Kyiv-Kherson route, according to Kherson Regional State Administration. “Windrose has opened the sale of tickets for direct flights from Kyiv to Kherson. Flights will be operated five times a week until the end of October. The schedule will allow Kherson residents to make…