Since 2004, the total amount of financial resources provided by the European Investment Bank (EIB) in Ukraine, both in the public and private sectors, has exceeded EUR 7.5 billion. The press service of the Finance Ministry informed this following an online review of the European Investment Bank’s project portfolio on May 18. The EIB’s project…
In April, actual unemployment rate comprised 8%, down by 0.1% MoM. The unemployment rate among women remained at 7.5% in April, whereas among men it decreased by 0.1%, to 8.5%, according to data of the Labour Force Survey (LFS) conducted by the Central Statistical Bureau (CSB). Unemployment rate registered by the State Employment Agency (NVA)…
Food and Agriculture Organization of the UN has launched a $3.4-million 4-year project “Smart Farming for the Future Generation”. Organized with the financial support of the Republic of Korea, the project is also underway in Vietnam. Three demonstration sites are to be created in Uzbekistan to build capacity, develop agribusiness opportunities and receive technical support.…
Bankruptcies rose by 26% YoY to 2020, which was also the first year the bankruptcy rate had increased since the last economic downturn. While the situation is not as bleak as it had been in the last downturn over 10 years ago, the pandemic has brought about a situation where start-ups without significant assets are…
As part of the XIII International Forum “Polish-Ukrainian Business Days”, two memoranda of cooperation were signed in Warsaw on May 20. The Memorandum of Understanding was signed between the Exporters and Investors Council under the Ministry of Foreign Affairs of Ukraine and the Ukrainian Business Association in Poland. It was signed by Ambassador of Ukraine…
The Chevrolet brand has topped the list of the best-selling car models in Kazakhstan. The Association of Kazakhstan Automobile Business said that demand for these cars had surged by almost 5000%. According to the source, in just the first four months of this year, sales of Uzbek cars in Kazakhstan soared by 4697% compared to…
The European Commission has approved EUR 173.2 million in additional support for Estonia via its cohesion policy funding. The extra funding results from changes to the Recovery Assistance for Cohesion and the Territories of Europe (REACT-EU) funding, which aims to revitalize the economy, mitigate the effects of the COVID-19 crisis and support transition to a…