Trade turnover between Georgia and Azerbaijan from January through July amounted to $586.89 million, up by 9.17% or by $49.34 million YoY, the National Statistical Office of Georgia reported. During this period, Georgia’s imports from Azerbaijan amounted to $291.55 million, down by 1.8%. The share of Azerbaijan in the total Georgian import amounted to 5.6%.…
Ukraine has received 1.9 billion Special Drawing Rights (SDRs), equivalent to about $2.7 billion, from the International Monetary Fund, First Deputy Governor of the National Bank of Ukraine (NBU) Kateryna Rozhkova has announced on Facebook. “Today, 1.9 billion SDRs came to Ukraine’s account from the IMF! A great gift ahead of Independence Day! Glory to…
President of Ukraine Volodymyr Zelensky has approved a strategy for the development of the defense-industrial complex of Ukraine, according to his press service. The head of state signed decree No. 372/2021 “On the decision of the National Security and Defense Council of Ukraine dated June 18, 2021 “On the Strategy for the Development of the…
The leading investment bank in Georgia Galt and Taggart revised 2021 growth upwards to 8.6% in Georgia. “The recovery has gained impressive traction since April,” says the recent report pointing at figures. The real GDP growth came in at 29.8% YoY in Q2 after shrinking by 4.5% in Q1. As a result, the economy expanded…
Latvia is not prepared for the way the economy will be changed by climate neutrality requirements. Mostly businesses in Latvia think only about cost reduction, not new ways of earning in the context of climate requirements, said the governor of the Bank of Latvia Martins Kazaks. “I don’t think the private sector or state administration…
R-Kiosk retail chain has reported 2020 losses of EUR 4.1 million. Taken with previous accounting periods, the company had accumulated losses of EUR 5.8 million as of the end of the 2020 accounting year. In 2019, the company lost EUR 2.2 million and EUR 1.6 million in the previous year. Sales revenue fell by 18.1%,…
“We predict that the country’s economy will recover to its pre-pandemic level until 2023 only,” the President of Kyrgyzstan Sadyr Japarov said at a meeting with the Heads of Government of the Eurasian Economic Union. According to him, real GDP growth in Kyrgyzstan will amount to 3.8% in 2021, as economic activity recovers. GDP growth…