Experts expect the Georgian lari to continue appreciating at least until the end of the year, if some unexpected event does not occur. This opinion is based on the opening of the economy after the coronavirus breakout. “The Georgian lari has appreciated by 10%, which is rare in the recent history of Georgia. I expect…
Imports fell by 22% YoY in April, with exports falling by 17%, Statistics Estonia reported. The larger fall in imports offset the balance of trade, the agency said. Estonia’s exports of goods amounted to EUR 1.02 billion and imports to EUR 1.09 billion at current prices. The trade deficit stood at EUR 61 million, down…
In January-May, industrial production increased by 4.8% YoY, said Beibut Atamkulov, Minister of Industry and Infrastructure Development, during a Government meeting. “Speaking about the mining sector, the production of non-ferrous ores has increased by 3.3% due to ore production increase at Kazakhmys Corporation LLP, Kazchrome TNC and Aluminum of Kazakhstan JSC. The increase in iron…
Fitch Ratings has assigned Mykolaiv long-term foreign- and local-currency issuer default ratings (IDRs) of B. “Fitch Ratings has assigned the Ukrainian City of Mykolaiv Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) of B with Stable Outlook,” the statement reads. As noted, the ratings reflect Mykolaiv’s Standalone Credit Profile (SCP) of b+ resulting from a…
The volume of services rendered by Ukrainian enterprises in January-March amounted to UAH 226.97 billion, up by 5.5% YoY in comparable prices, the State Statistics Service reported. According to the report, the volume of services sold to the population accounted for 23.1% of the total volume of services sold. The State Statistics Service recalled that…
At the end of May the level of registered unemployment reached 8.4% of the economically active population, up by 0.4% MoM, according to data from the State Employment Agency (NVA). At the end of May the number of unemployed persons registered with NVA was 76,440, up by 3,523 people. The most rapid increase of the…
Travel by railway will resume in Georgia on June 15, Georgian Railways has announced, noting the company is ready to ensure the safe transportation of passengers and to implement the regulations imposed by the Ministry of Health. Georgian Railway said that the Ministry of Health had already inspected train wagons and concluded that Georgian Railways…