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…
Finance Minister of Ukraine Serhiy Marchenko and Minister of Economy and Finance of France Bruno Le Maire have discussed bilateral economic relations between the two countries. “Recently, we have worked hard to implement joint Ukrainian-French projects and localize French production in Ukraine. The signing of four intergovernmental agreements worth more than EUR 1.3 billion is…
Uzbekistan is planning to increase the volume of services 2-fold until 2023. The government is intending to create an automated online information system “Business Indicator”, which, from July 1, will publish the rating of the level of development of the service sector in terms of regions of the country. It also plans to evaluate the…
President of Kyrgyzstan Sadyr Japarov received the head of the Union of Chambers and Commodity Exchanges of Turkey Mustafa Rifat Hisarciklioglu. The Turkish delegation also included the heads of the largest companies in the field of agriculture, textile and food industries, energy, tourism, mining and construction. Welcoming the guests, Sadyr Japarov stressed that, as the…