Gross domestic product (GDP) fell by 0.7% YoY in the first quarter of 2020, figures released by state agency Statistics Estonia showed. GDP at current prices stood at EUR 6.5 billion. Value added grew by 2%, Statistics Estonia reported, driven primarily by information and communication and construction. Economic growth was hindered mainly by the energy…Details
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In April, the average nominal salary in Ukraine amounted to UAH 10,430, up by 1.6% YoY, according to the State Statistics Service. “The average nominal salary of a full-time employee of enterprises, institutions and organizations made up UAH 10,430 in April, up 2.2-fold from the minimum wage (UAH 4,723). The average nominal salary decreased by…Details
In the first quarter of 2020, investments in Ukraine’s economy decreased by 29% and in the agriculture sector – by 35.3%, Oleksandr Zakharchuk, Head of the Investment, Material and Technical Resources Department at the National Research Center “Institute of Agrarian Economics” (IAE), stated referring to data released by the State Statistics Service. “In January-March, total…Details
Akim of Zhambyl region Berdibek Saparbayev spoke about the construction and repair work in Kordai district. “During an emergency situation in the region, 39 residential buildings and 20 commercial facilities in the villages of Masanchi, Bular Batyr and Auhatti were completely damaged. The President instructed to provide assistance to the residents of the area in…Details
Ukraine’s state budget did not receive UAH 45 billion in planned revenues to the general fund in the first quarter of 2020, including UAH 27 billion as customs and tax payments, Chairman of the Accounting Chamber Valeriy Patskan said on Facebook. “In January-March, the budget did not receive 14% of planned revenues to the general…Details
Ukraine’s economy could contract by 6-7% in 2020, Deputy Governor of the National Bank of Ukraine (NBU) Dmytro Sologub has said. “Based on the data on the decline in the first quarter, industrial production and transport in April, I think the decline may be more severe than expected. Accordingly, if we transfer the dynamics to…Details
Construction of a new international terminal at Almaty Airport with passenger flow traffic up to 6 million will begin on July 1. Construction works will be completed on July 1, 2022. As earlier reported, Turkey’s TAV Airports Holding bought the Almaty International Airport for $415 million. (Kazinform/Business World Magazine)Details