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…
In February, the producer price index of industrial output increased by 1% MoMy and by 4.1% YoY. Electricity had the biggest impact. Eveli Sokman, leading analyst at Statistics Estonia, said compared to January, the producer price index was affected the most by increased prices in electricity production and in the manufacture of wood and wood…
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…
Joint initiatives in mechanical engineering and light industry fields will help to increase the volume of bilateral trade between Uzbekistan and Ukraine, the Ministry of Economy of Ukraine reports, commenting on the measures taken to increase bilateral trade between Uzbekistan and Ukraine. According to the ministry, a meeting was held in February in Kyiv at…
Minister of Health and Labor Tanel Kiik (Center) proposed an additional targeted tax during the March 18 cabinet meeting, which would be used to finance the budget of the Estonian Health Insurance Fund. Kiik said that mainly financing healthcare from the social taxes of working people was unsustainable, as the number of people who worked…
Turkish cafe Taksim – Bir Tuugandar closed down in Bishkek. Owner of the cafe, Ali Iflazoglu, posted about it in social networks. According to him, he opened the food outlet 14 years ago. “Perhaps, this is the last video I shoot in Kyrgyzstan. I appeal to the President of Turkey Recep Tayyip Erdogan. At a…
In February, actual unemployment rate comprised 9.1%, up by 0.3% MoM. Unemployment rate registered by the State Employment Agency (SEA) accounted for 8.2%, up by 0.2%. Unemployment rate increase may be observed when comparing the data to the February of the previous year – of 1.5% in actual unemployment rate and 1.9% in registered unemployment…