The prices of clothing and footwear and healthcare have increased in Georgia, according to the latest inflation data from the National Statistics Office of Georgia (Geostat). The prices in the group of clothing and footwear increased by 5.6% in June. The prices went up for both clothing (+2.8%) and footwear (+11%). Health-related costs went up…
Prices for industrial products fell by 18.1% over the past six months of current year in Kazakhstan, the Statistics Committee reported. While the mining sector has seen prices falling by 34%, the manufacturing sector reported an increase of 0.5% in its products’ prices. Industrial products lost their value by 20.3%, whereas industrial services went up…
The Business Activity Outlook Index (BAOI) calculated by the National Bank of Ukraine (NBU) grew by 9.6 points in June, to 45.5 points. This is lower than the neutral index reading of about 50 and means that pessimistic expectations of business prevail, the regulator said on its website. “Ukrainian business is gradually recovering from the…
Motor Sich Airlines has announced it cancels flights between Zaporizhzhia and Minsk from July 17 till July 31 due to the difficult epidemiological situation. “Due to the continuing complicated epidemiological situation caused by the spread of acute respiratory disease COVID 19/SARS-CoV-2 coronavirus, Motor Sich Airlines changed the flights schedule. Flights between Zaporizhzhia and Minsk were…
Latvia’s gross domestic product (GDP) will decline by 7.3% this year. Next year the country’s economy will grow by 4.7%, according to international ratings agency Moody’s Investors Service, Inc. (Moody’s). According to Moody’s estimates, Latvia’s credit rating, which is at A3 level, is supported by three main factors – flexible and relatively varied economy, the…
From July 1, Wizz Air will fly between Tallinn and Kyiv, Ukraine despite government restrictions still being in place for passengers flying from high-risk countries with coronavirus. Passengers may be denied entry without a permit. Eero Pargmae, Commercial Director of Tallinn Airport, said the order restricting air traffic came from the Ministry of Economic Affairs…
A total of 69% of Ukrainians have experienced the economic impact of the coronavirus COVID-19 pandemic. “Almost a third of respondents reported losing their jobs, while over half spent their savings and cut their expenses on food. People from rural areas, industrial workers and households with unemployed members suffered the most,” according to a survey…