Compared to Q4 2018, the gross domestic product (GDP) value increased by 1.1% in Q4 2019, according to seasonally and calendar non-adjusted data. Main upward pressure on the GDP was exerted by the volume increase in services sectors (according to preliminary estimates – of 0.9%), including a rise of 1.7% in retail trade. Manufacturing shows…Details
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Georgian gross domestic product (GDP) grew by 3.8% YoY in December 2019, showed the latest data from the National Statistics Office of Georgia (Geostat). In December 2019 the estimated real growth compared to the same period of the previous year occurred in the following sectors: manufacturing, transport and storage, wholesale and retail trade; repair of…Details
The economic activity index of Armenia grew by 7,8% in 2019 compared to the previous year, the Statistics Committee said in a report. During the reporting period the volume of industrial output grew by 9%, the gross agricultural production dropped by 4.2%, construction increased by 4,6% and trade turnover by 8.9%. Volume of services grew…Details
Ukraine International Airlines (UIA) has announced the launch of daily flights on the Kyiv-Cairo route from March 3,. “UIA announces the launch of flights from Kyiv to Cairo on a daily basis. Flights are now operated four times a week at night. Departure time from Boryspil International Airport is 20:00, and arrival time in the…Details
PJSC Myronivsky Hliboproduct (MHP) increased chicken meat exports by 25% YoY in 2019, to 357,400 tons, the company’s press service has reported. “Despite the challenges presented by the temporary ban on exports to the KSA market, chicken meat exports in Q4 2019 increased by 20%, to 87,651 tons, and in 2019 by 25%, to 357,433…Details
The European Investment Bank (EIB) is allocating EUR 5,750,000 to finance road safety in Georgia, the Roads Department of Georgia has announced. The grant will be used to improve the quality and safety of Georgian transportation. Specifically, EUR 150,000 will be used for environmental and social studies, while EUR 600,000 will be spent on identifying…Details
This year’s biggest challenges for retailers will include the decline of numbers of residents and buyer, as well as growing labor force costs, says Swedbank economist Agnese Buceniece. “The change of buyers’ habits and e-commerce remain notable challenges and impressive opportunities at the same time,” says the expert. “International observations show that e-commerce development is…Details