Ukraine: unemployment rate declining

In the fourth quarter of 2018, the number of registered unemployed in Ukraine decreased by 100 thousand people compared with the fourth quarter of 2017, and the unemployment rate shrank by 0.6%, the State Statistics Service of Ukraine reported. “According to the results of a sample survey of the population (households) on economic activity, the…

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Ukraine: chocolate exports to EU up in 2018

Ukrainian producers in 2018 boosted chocolate exports to the European Union by 22.6% YoY, to EUR 41.2 million. Romania was a major buyer of Ukrainian chocolate products (4,900 tons of chocolate and cocoa products), the Pro-Consulting company’s press service said. Also, the largest buyers of Ukrainian chocolate were Hungary (2,600 tons) and Bulgaria (2,500 tons).…

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Ukraine: economy constantly growing

Ukrainian economy has been growing for the longest continuous period of nine years, First Deputy Prime Minister – Minister of Economic Development and Trade of Ukraine Stepan Kubiv stated at a meeting of the Regional Development Council in Chernivtsi region. “They, the Russian authorities, hate only one person who is the commander-in-chief and who opposes…

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Ukraine: seven solar power plants to be built in Zhytomyr region

Investors will build seven solar power plants in different districts of Zhytomyr region, the press service of Zhytomyr Regional State Administration has reported. “After signing memorandums of cooperation with Head of Zhytomyr Regional State Administration Ihor Hundych, investors are launching seven projects to create alternative energy sources,” the report says. In particular, industrial solar power…

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Ukraine: UAH 440 million allocated for road reconstruction in Luhansk region

Almost UAH 440 million in budget funds will be used for the construction, reconstruction, repairs and maintenance of roads in Lugansk region in 2019, according to the Luhansk Regional State Administration. “According to the budget program “State budget subvention to the local budgets for the financial support of the construction, reconstruction, repairs and maintenance of…

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Georgia: export to Japan to increase

Georgian Prime Minister Mamuka Bakhtadze has summed up his visit to Japan, saying it has been very successful. Bakhtadze said that it was important to receive more foreign direct investments from Japan in high technology. “We have all opportunities to increase our exports to Japan 10-fold over the next five years”, he said. He said…

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Kazakhstan: trade with Malaysia up in 2018

The volume of bilateral trade between Kazakhstan and Malaysia increased almost 4-fold compared YoY and amounted to $478 million in 2018, the Ministry of Foreign Affairs of Kazakhstan reported. Exports from Kazakhstan reached $351.7 million, while imports from Malaysia reached $126.1 million. In 1996, Kazakhstan and Malaysia opened their embassies in Kuala Lumpur and Almaty,…

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Latvia: too many banks for small market

It is clear there are too many banks for Latvia’s domestic market, said chairman of Finance and Capital Market Commission Peteris Putnins. He admitted that not a single bank present in Latvia worked with just one clientele segment. However, the country’s market is not big enough for them to work as widely as Scandinavian banks,…

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