Lockdown measures to battle the coronavirus pandemic will cause Ukraine’s economy to shrink by 1% in the first quarter of 2020 and by 10.9% in the second quarter, a Reuters monthly poll of analysts said. The government has forecast that the country’s gross domestic product will shrink by about 5% overall this year and the…Details
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The construction works of the third Armenia-Iran power transmission line are expected to be completed in 2020, minister of territorial administration and infrastructures Suren Papikyan, who also serves as the chairman of the Armenia-Iran joint inter-governmental commission, said during a Q&A session in the Parliament. Touching upon the ongoing projects between Armenia and Iran, the…Details
The European Commission predicts that Lithuania’s gross domestic product (GDP) will contract by 7.9% this year due to the Covid-19 pandemic. However, the country’s economy should rebound and grow by 7.4% next year, the Commission said in its Spring 2020 Economic Forecast. According to the Commission, the heaviest blow to Lithuania’s economy will be dealt…Details
Kazakhstan’s KTZ Express railways operator has sent 60 covered wagons to Kyrgyzstan and 69 covered wagons to Tajikistan loaded with first grade flour. The company said that the shipment was carried out within the framework of the implementation of Kazakhstan’s president’s decision to provide official humanitarian assistance to Kyrgyzstan and Tajikistan. Trains are loaded at…Details
The outflow of term hryvnia deposits and foreign currency funds of the population stopped at the end of April, the press service of the National Bank of Ukraine (NBU) reported on Facebook. “The banking sector is normal. The outflow of time hryvnia deposits and foreign currency funds at the end of April stopped. On the…Details
The volume of construction work decreased by 12.8% in Ukraine in March compared to March 2019, whereas in February – by 3.8%. The State Statistics Service said that the volume of construction work had reached UAH 26.1 billion since the beginning of 2020. In general, that indicator decreased by 5.5% in the first quarter. The…Details
Budget Hungarian airline Wizzair is opening a new route between Tallinn and Vienna, Austria, the company has announced. “Wizz Air plans to start flying three times a week on the Tallinn-Vienna route from July 2,” said Jane Gridassov, communications specialist at Tallinn Airport. The flights will be on Tuesdays, Thursdays and Saturdays, it is reported.…Details