In June, Ukraine’s international reserves grew by 2%, to $28.358 billion (in equivalent), according to the press service of the National Bank of Ukraine (NBU). “As of July 1, Ukraine’s international reserves amounted to $28,357.7 million (in equivalent) according to preliminary data. In June, Ukraine’s reserves grew by 2% due to foreign exchange earnings in…
Economy Minister Natia Turnava has presented a 10-year economic development strategy, which covers 12 major areas, ranging from small business empowerment and investment attraction to specific development policies and quantitative indicators in each key area that the country should achieve until 2025 and 2030. “Our main task in the near and medium-term will be to…
In Latvia, the government coalition has expressed support to holding lotteries of money prizes to people vaccinated against Covid-19 with the aim of motivating people to vaccinate. Health Minister Daniels Pavluts (For Development/For) announced the idea on July 5. “Lotteries or social motivation programs with the elements of a game and positive motivation are carried…
Lithuanian employers complain that they cannot fill vacancies, putting the blame on unemployment benefits introduced during the pandemic. Meanwhile, worker representatives say employers are simply unwilling to offer attractive work conditions and pay. The Lithuanian government has introduced the monthly “jobseeker’s allowance” of 212 euros to help the unemployed survive the quarantine. The government has…
Analysts of the Eurasian Development Bank (EDB) have assessed the consequences of Uzbekistan’s possible accession to the Eurasian Economic Union (EAEU). According to their forecast, this would allow Tashkent significantly increasing the inflow of infrastructure investments and money transfers, expanding exports and strengthening industrial cooperation. The EAEU itself would also benefit from the expansion. They…
In January-May, local budgets of Kherson region received UAH 542,000 in tourist tax payments, up by 18% YoY, Kherson Regional State Administration reported with reference to information released during the conference call. “The increase in revenues is due to the collection of tourist tax on the territory of local councils, where the number of accommodation…
From 2013 to 2019, Ukraine decreased exports of goods to the Russian Federation by 78% and increased exports to the European Union by 24%, President of the Kyiv School of Economics, Adviser to the Head of the President’s Office Tymofiy Mylovanov said this at the All-Ukrainian Forum “Ukraine 30. International Relations”. “Between 2013 and 2019,…