Uzbekistan’s foreign trade turnover amounted to $18 billion in January-June, up by 13.6% YoY. The country’s statistical committee said that the number was still below the pre-pandemic figure of $19.6 billion. Exports exceeded $7 billion, expanding by 12.3%. Imports increased by 14.3%, to $10.9 billion. The negative balance of foreign trade turnover amounted to $3.9…Details
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Ukraine has slightly reduced its own agricultural exports to the European Union, but retained the fourth place among the top five largest exporters to European countries. The European Commission published the relevant data in its report “Monitoring EU Agri-Food Trade: Developments January-April 2021”. “The top origins for EU agri-food imports in the first four months…Details
The development of financial intermediation is an important element in stimulating economic growth. That’s according to First Deputy Prime Minister, Minister for Economy of Ukraine Oleksiy Liubchenko who penned an op-ed entitled “Key tasks for Ukraine’s economic growth”. “The banking system, as an institution of financial intermediation, should qualitatively improve the efficiency of its activities,…Details
In about 10 years construction of all highways will be completed in Georgia, households across the country will have unfettered access to water supply, all municipal landfills will be replaced by modern regional centers, regions will be socially and economically developed, municipalities will be strengthened and their capacities will increase, Infrastructure Minister Irakli Karseladze has…Details
The number of people employed in the Estonian startup sector grew by 130% in five years, whereas the sum total of labor taxes paid by the sector’s companies more than tripled during the same period, Startup Estonia reported. In 2016, when systematized data on the sector began to be collected, a total of 2,625 people…Details
The Ministry of Energy and Industry of Kyrgyzstan abandoned the idea of increasing tariffs for the population. This is the recommendation given by the President of the country: the situation in the energy sector is still difficult, but the financial situation of people should also be taken into account. The low-water period continues to complicate…Details
The National Bank of Ukraine (NBU) expects further progress to be made in negotiations between Ukraine and the IMF, NBU Governor Kyrylo Shevchenko has said. “The main assumption of the macroeconomic forecast taken into account by the NBU Board is continued cooperation with the IMF. The NBU expects further progress to be made in negotiations…Details