Fitch Ratings in its latest outlook expects Ukrainian economy to grow by 3.5% in 2020 from 3.2% in 2019. In 2021, it could grow by 3.8%, supported by private consumption and investment. Fitch considers that growth and investment prospects depend on the adequate and timely implementation of reforms to address constrains such as the rule…Details
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Production decreased by 11% in January compared to the previous year and in most areas of industry, data released by Statistics Estonia showed. Electricity and heat production saw the largest declines. Compared to January 2019, the production of electricity decreased by 59% and the production of heat by 25%. Compared to January 2019, the total…Details
At the end of February the level of registered unemployment in Latvia was 6.3% of economically active population, down by 0.1% MoM, as reported by the State Employment Agency (NVA). At the end of February a total of 58,247 unemployed people were registered with NVA, down by 585 people. The lowest registered unemployment level at…Details
15 million of housing or 150,000 dwellings will be built this year through all the sources of financing in Kazakhstan. 1.3 million of housing or 23,000 apartments will be built through public investments in 2020, the Industry and Infrastructure Development Ministry’s press service reports. The Nurly Zher housing and utility program has been realized in…Details
Analyst with the Alpari investment company, Maksym Parkhomenko, warns that the hryvnia, Ukraine’s national currency, may considerably weaken against the U.S. dollar by this weekend. The expert says that, if panic worsens on the market, Ukrainians will be buying dollars at UAH 26. At the same time, Parkhomenko emphasized that the hryvnia should not tumble…Details
Ukraine’s international reserves grew by $0.3 billion in February, to $26.6 billion, the press service of the National Bank of Ukraine (NBU) reported. “As of March 1, Ukraine’s international reserves, according to tentative data, amounted to $26.623 billion (in equivalent). In February, they increased by 1.3%. An increase in international reserves in February was caused,…Details
The budget airline Wizz Air announced it was suspending flight between Vilnius and Milan after the Italian government put Lombardy and 14 other central and northern provinces under quarantine in order to bring the coronavirus outbreak under control. Flights from the Lithuanian capital to Milan’s Malpensa Airport will be suspended until April 3, the company…Details