Ukraine: GDP to decline by 6% in 2020

Ukraine’s gross domestic product will decline by about 6% in 2020, according to preliminary forecasts of the National Bank of Ukraine (NBU), NBU Governor Kyrylo Shevchenko has said. “We estimate that the economy will shrink by about 6% until the end of the year,” Shevchenko said. According to him, there are several forecasts for GDP…

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Ukraine: about 2,500 German companies operating in the country

Prime Minister of Ukraine Denys Shmyhal and representatives of the German Committee on Eastern European Economic Relations discussed ways to improve the investment and business climate between Ukraine and Germany, infrastructure projects, energy efficiency initiatives and digitalization, according to the Ukrainian government’s press service. “We appreciate the contribution of German business to the development of…

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Kazakhstan: government’s efforts help avoid dramatic economic downturn

President Kassym-Jomart Tokayev commended the Government’s work on preparations for a possible second wave of the coronavirus infection in Kazakhstan. At the session for the preparations for a possible second wave of the coronavirus infection, the Head of State emphasized that Kazakhstan, as many other countries, was going through an unprecedented crisis. President Tokayev noted…

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