Renewable energy companies in Ukraine said they had written to the International Monetary Fund stating that the government’s plan to lower energy tariffs would complicate the country’s cooperation with the IMF. The IMF is expected on June 5 to approve a $5-billion loan package for Ukraine, which has been hit hard by the coronavirus crisis,…Details
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Latvian government is actively looking for a way to start construction of Liepaja Prison a year sooner than previously expected, Prime Minister Krisjanis Karins has announced. The prime minister reminded that when compiling this year’s budget an agreement was reached to commence the aforementioned project in 2022. “As far as I know, we are looking…Details
The Lithuanian government’s revenue is stabilizing after taking a hit from the coronavirus crisis, the finance minister said, even though it fell by 30% below target in May. “The situation is starting to stabilize here. By comparison, revenue collection in April was more than 32% lower than projected,” Vilius Sapoka reported. In May, the central…Details
“As part of the Employment Roadmap and other state programs, exclusive of Yenbek productive employment and mass entrepreneurship development state program, Kazakhstan created 196,400 workplaces,” Labor and Social Protection Minister Birzhan Nurymbetov told the Government meeting. According to him, 5,313 projects are being realized under the Employment Roadmap, 103,000 jobs have been created. 41,300 workplaces…Details
Ukraine’s national budget in January-May received UAH 381.75 billion ($14.2 billion) of revenues, down by UAH 50.256 billion ($1.88 billion) or 11.6% from the target, according to the website of the State Treasury Service of Ukraine. Revenues received for the specified period are 2.4% lower YoY. In May, the state budget received UAH 66.903 billion…Details
Infrastructure Minister Vladyslav Kryklii says Ukraine will resume international and domestic flights from June 15. “Domestic flights may be relaunched even sooner. We are also working on this now,” he said. The most popular tourist destinations, namely Turkey, Greece, Cyprus and Georgia, will be relaunched first. Flights with Italy and Spain are definitely not to…Details
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 –…Details