Uzbekistan forbade importing certain goods to the country. The list includes 529 items of foreign goods and services, which are manufactured by two or more national producers. The move aims at supporting domestic producers and expanding their participation in the public procurement system. The list includes: – Food products – chocolate, waffles, cookies, sunflower oil,…
Total industrial enterprises’ production fell by 5% in 2020, compared with the previous year, state agency Statistics Estonia reported. Production decreased in all three main industrial sectors: by 19% in energy production, by 13% in mining and by 4% in manufacturing. Statistics Estonia analyst Helle Bunder said that manufacturing production also fell in 2020, by…
“Risks of economic downfall remain high, given the increase in the number of new cases of the virus abroad and uncertainty about the timing of vaccination,” Aigul Berdigulova, a Senior Analyst at the Eurasian Development Bank (EDB), has declared. According to her, worsening dynamics in the industry and construction sector led to acceleration of the…
Compared to Q4 2019, gross domestic product (GDP) decreased by 1.4%, according to seasonally and calendar non-adjusted data in Q4 2020. According to provisional estimations, the GDP was affected by output rise in producing sectors of 3.7%. In services sectors there was a drop of 3.2%, according to the flash estimate from the Central Statistical…
Prime Minister Denys Shmyhal has said that the Ukrainian government aims to raise the average salary in Ukraine to the level of Poland or Slovakia until 2030. “In December 2020, real salaries increased by 10% YoY and amounted to UAH 14,200. The most important task set by the Government is to raise average salaries until…
Ukrainian exporters, interested in entering the Egyptian markets, will benefit significantly from the establishment of joint ventures with localization of production in this country. “The establishment of joint ventures and the organization of production in the territory of Egypt can provide Ukrainian companies with access to a market of 1.3 billion consumers with a total…
New excise duty rates for ethyl alcohol and certain types of alcoholic beverages have been established in Kyrgyzstan, the State Tax Service reports. It was done to harmonize excise duty rates with the countries of the Eurasian Economic Union. Excise taxes on vodka and alcoholic beverages, strong drinks were increased from 100 soms to 120…