Georgia: economy starting to reopen

Economy Minister Natia Turnava said the economy was starting to reopen, as the government was successfully containing the spread of the coronavirus. Visiting a factory of electric heaters in Georgia’s western city of Kutaisi, Minister Turnava said particular attention was now being paid to companies, which had been established by foreign investors. Atlantic Georgia –…

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Georgia: economy down in April 2020

Estimated real gross domestic product (GDP) declined by 16.6% YoY in April and by 3.6% in the first four months of 2020, showed the latest data from the National Statistics Office of Georgia (Geostat). In April estimated real growth compared to the same period of the previous year was negative in almost all activities. Growth…

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Estonia: GDP down in Q1 2020

Gross domestic product (GDP) fell by 0.7% YoY in the first quarter of 2020, figures released by state agency Statistics Estonia showed. GDP at current prices stood at EUR 6.5 billion. Value added grew by 2%, Statistics Estonia reported, driven primarily by information and communication and construction. Economic growth was hindered mainly by the energy…

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Ukraine: average salary up in April 2020

In April, the average nominal salary in Ukraine amounted to UAH 10,430, up by 1.6% YoY, according to the State Statistics Service. “The average nominal salary of a full-time employee of enterprises, institutions and organizations made up UAH 10,430 in April, up 2.2-fold from the minimum wage (UAH 4,723). The average nominal salary decreased by…

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