The COVID-19 pandemic and the slump in commodity prices will affect the inflow of remittances to Georgia, as some of the key remittance-sending countries such as Italy, Russia and the United States, have been strongly impacted, says the World Bank. “Remittances are an important source of income for households in Georgia and the COVID-19 shock…
An international airport in Turkestan is being constructed near the village of Shaga, 35 km from Turkestan. The construction is carried out by an investor – Turkistan International Airport LLP. The contractor is the Turkish company YDA Group. Currently, 341 people and 106 pieces of equipment are involved in the process of construction. 90% of…
Inflation will remain low in Ukraine in April, as there is no increased demand in the commodity and foreign exchange markets, according to preliminary data provided by the National Bank of Ukraine (NBU). “Inflation will remain low in April, according to preliminary data from the NBU online monitoring. Increased demand for essential goods and stir…
InCo home, one of the leading investment companies in construction and real estate industry, said the primary real estate market in Ukraine in January-March lost 15% of sales. “In January-March, sales with regard to 20 new residential complexes, where the company invested, reached a total of 15,000 square meters. Last year, it was 17,500 square…
Armenia is still among countries having a low burden of foreign debt, but in the current coronavirus-related conditions an increase of the debt is unavoidable, Finance Minister Atom Janjughazyan has said while commenting on the bill to amend the budget. “The proposed scenario implies a 324-billion dram deficit. To fund this deficit we are considering…
Amid the shrinking of cultural exchange between countries due to the coronavirus outbreak, Georgian cuisine is still managing to reach new taste buds as far as Japan. While direct visits between the two countries are on hold, a variety of khachapuri cheese bread from Georgia can now be tasted at stores in select locations. In…
Approximately 90,000 people, double the current number, may be unemployed in Estonia by the end of summer, according to CEO of the Unemployment Insurance Fund Meelis Paavel. “The number could double compared with the one present,” Paavel said. “The forecasts have been made so that we would be able to take into consideration such a…