The National Bank has predicted a rough crisis scenario for Ukraine in case the country fails to seal a new cooperation program with its key lender, the International Monetary Fund. Following a meeting via video link held between the regulator’s leadership and members of the American Chamber of Commerce in Ukraine, the National Bank will…Details
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In January-March, local budgets of Ivano-Frankivsk region received UAH 1.5 million in tourist tax revenues. Compared with the relevant period last year, the growth in revenues made up 38%, Vitaliy Perederko, the head of the tourism department of the international cooperation, eurointegration, tourism and investments department at the Ivano-Frankivsk Regional State Administration wrote on his…Details
About 50 factories and businesses will undergo inspections in Georgia to check whether they are properly implementing the recommendations as regards the health and safety of employees amid the coronavirus outbreak, announces the Economy Minister of Georgia Natia Turnava. The government of Georgia suspended several economic activities in the country several days ago when it…Details
Minister of Rural Affairs Arvo Aller (EKRE) says that Estonia requires a small amount of foreign labor, but that the workforce in the sector could be boosted from among Estonians themselves, during the current coronavirus pandemic and its economic fallout. Aller noted that in the current situation, where unemployment was rising at a rate of…Details
Kazakhstan plans to build 28 new water reservoirs, the Minister of Ecology, Geology and Natural Resources Magzum Mirzagaliyev has announced. “In his Address to the people of Kazakhstan in September last year Head of State ordered to increase the area of irrigated land to 3 million hectares. In this regard it is necessary to create…Details
Ukraine’s National Energy and Utilities Regulatory Commission (NEURC) has approved rules for restriction management and regulations for the distribution of interstate intersection capacity. The rules that govern the distribution of interstate section capacity for exports and imports of electricity provide for the operation of an auction office, whose functions will be performed by the state-owned…Details
A gradual economic recovery in Ukraine is expected in the second half of 2020, but economic activity will remain lower than before the crisis and real GDP may drop by 5.9% this year, Ukraine’s Institute for Economic Research and Policy Consulting has said in a survey for April entitled “Ukraine’s Macroeconomic Forecast – Corona Crisis”.…Details