Ukraine: Motor Sich cancels Zaporizhzhia-Minsk flights

Motor Sich Airlines has announced it cancels flights between Zaporizhzhia and Minsk from July 17 till July 31 due to the difficult epidemiological situation. “Due to the continuing complicated epidemiological situation caused by the spread of acute respiratory disease COVID 19/SARS-CoV-2 coronavirus, Motor Sich Airlines changed the flights schedule. Flights between Zaporizhzhia and Minsk were…

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Latvia: GDP to decline in 2020

Latvia’s gross domestic product (GDP) will decline by 7.3% this year. Next year the country’s economy will grow by 4.7%, according to international ratings agency Moody’s Investors Service, Inc. (Moody’s). According to Moody’s estimates, Latvia’s credit rating, which is at A3 level, is supported by three main factors – flexible and relatively varied economy, the…

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Estonia: direct flights resumed between Tallinn and Ukraine despite restrictions

From July 1, Wizz Air will fly between Tallinn and Kyiv, Ukraine despite government restrictions still being in place for passengers flying from high-risk countries with coronavirus. Passengers may be denied entry without a permit. Eero Pargmae, Commercial Director of Tallinn Airport, said the order restricting air traffic came from the Ministry of Economic Affairs…

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Ukraine: shadow economy down in 2019

Ministry for Development of Economy, Trade and Agriculture says the share of the shadow economy in 2019 fell by 3% against 2018, from 31% to 28% of the country’s official GDP. The figures are mentioned in the report titled “General Trends of the Shadow Economy in Ukraine”, which was posted on the ministry’s website. The…

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Ukraine: average salary up in May 2020

In May, the average nominal salary in Ukraine amounted to UAH 10,542, up by 3% YoY, according to the State Statistics Service. “The average nominal salary of a full-time employee of enterprises, institutions and organizations made up UAH 10,542 in May, up 2.2-fold from the minimum wage (UAH 4,723). The average nominal salary increased by…

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