Ukraine: retail trade turnover up in February 2021

In February, the growth of Ukraine’s retail trade turnover was 5.6% compared with 3.5% in January, according to the press service of the Ministry of Economy, Trade and Agriculture Development. In January-February, Ukraine’s retail trade turnover increased by 4.6%. “The positive dynamics of the industry, first of all, shows the resumption of activity in most…

Ukraine: State Tax Service to ensure effective cooperation with Bureau of Economic Security

The State Tax Service of Ukraine will ensure effective cooperation with the newly established Bureau of Economic Security so that to reduce the shadow economy and eliminate unfair competition, Head of the State Tax Service Oleksiy Liubchenko has stated. “We constantly hear from business about insecurity from the willfulness of various state law enforcement agencies.…

Georgia: economy down in 2020

The nominal gross domestic product (GDP) amounted to 49.40 billion GEL in 2020, up by 0.3% YoY, while the real growth of GDP reduced by 6.2%, preliminary data from the National Statistics Office of Georgia showed. The largest shares of GDP by activity were held by: wholesale and retail trade; repair of motor vehicles and…

Ukraine: Germany invests over $1.67 billion in economy

The issue of energy cooperation with Germany becomes increasingly important, Vice Prime Minister of Ukraine for European and Euro-Atlantic Integration, co-chair of the Ukrainian-German high-level group for economic cooperation Olha Stefanishyna has declared. According to her, the energy partnership was concluded between the countries last autumn, but Germany had been Ukraine’s strategic energy partner for…