The International Monetary Fund predicts that after a 4% decline in the gross domestic product in 2020, Ukraine will see a 4% growth in 2021, followed by a slowdown to 3.4% in 2022. According to the Fund’s World Economic Outlook (WEO), average annual inflation in Ukraine, after dropping to 2.7% in 2020, will go up…Details
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According to the updated World Economic Outlook published by the International Monetary Fund (IMF) on April 6, Uzbekistan’s economy is expected to grow by 5% in 2021 and by 5.3% in 2022. Inflation as of the end of this year is set to comprise 10.3% and 11.2% in 2022, which is slightly higher than the…Details
April 7 was the day when all shops, except for the ones in shopping malls, were permitted to once again open up for customers. Nevertheless, because of the pandemic they are still expected to adhere to strict epidemiological safety requirements, as noted by the Ministry of Economics of the Republic of Latvia. Experts say that…Details
In February, Estonian accommodation establishments served nearly 100,000 tourists who spent 187,000 nights in total, data from Statistics Estonia showed. The number of visitors dropped by 57% compared to February 2020. Analyst at Statistics Estonia Helga Laurmaa said most of the accommodated guests were domestic tourists and only 13% were foreign tourists. “Year on year,…Details
As a Belarusian delegation visited Tajikistan, Agriculture and Food Minister Ivan Krupko met with Deputy Prime Minister of Tajikistan Gulmakhmadzoda Davlatshoh Kurbonali. The parties discussed manufacturing cooperation and the development of trade and economic cooperation, the Agriculture and Food Ministry press service reported. Belarus and Tajikistan have signed over 60 bilateral agreements. Regular sessions of…Details
The International Monetary Fund has updated its outlook for the hryvnia to the dollar exchange rate for the period up to 2026. The forecast has been improved compared to the data released in October last year. According to IMF calculations, the hryvnia to dollar exchange rate will be as follows: 2021 – UAH 27.98 (UAH…Details
Finance Ministry says Ukrainian banks have issued 12,539 loans worth UAH 30.8 billion ($1.1 billion) since the launch of the state-run “Affordable Loans: 5%-7%-9%” program. Some 833 new loans totaling UAH 1.9 billion ($68 million) were provided last week alone, the ministry’s press service said on its website. In particular, transactions on refinancing of already…Details