Business Ombudsman of Kyrgyzstan signed a Memorandum of Cooperation with the Ministry of Economy, press service of the Business Ombudsman reported. The purpose of the memorandum is interaction, establishment of effective cooperation to ensure transparent activities of public authorities. “Within the framework of the agreement, it is planned to form directions for business development, implement…
Ukraine’s Regional Development Agencies (RDAs) will receive UAH 58.8 million worth of state support for the implementation of nine projects within the sectoral budget program of the Ministry of Communities and Territories Development. “For the first time in the history of Ukraine, 11 Regional Development Agencies will receive UAH 58.8 million from the state budget…
According to a study by Oxford Research Baltics, the losses the aviation industry suffered in 2020 compose 19.4% of the total expected GDP decline in Latvia. However, the total influence, including indirect and induced effect, reaches 43% of the total GDP decline, as reported by Latvian Aviation Association. Estimates form Oxford Research Baltics showed that…
Despite the Covid-19 pandemic, film industry in Lithuania reported record-setting investments in 2020, the Lithuanian Film Centre said. Swedish TV series were among the biggest productions. International film producers spent almost 27 million euros in Lithuania last year, up from 15 million euros in 2019. Meanwhile Lithuanian producers raised 11.3 million euros from local companies…
In 2020, Ukrainian exports to the Socialist Republic of Vietnam (SRV) increased by 92%, to $184.5 million. The countries agreed to resume work on a free trade agreement (FTA), Deputy Minister of Economic Development, Trade and Agriculture – Trade Representative of Ukraine Taras Kachka wrote on his Facebook page following a meeting of the Ukrainian-Vietnamese…
On January 25, Japanese credit rating agency R&I maintained Latvia’s credit rating at A-level with a stable future outlook, the State Treasury reported. In spite of the negative effect from Covid-19 pandemic, which caused a massive decline for Latvia’s economy in 2020, the agency claims the framework of economic growth is not affected and it…
The Ukrainian economy will begin to recover in 2021 due to positive trends in foreign markets and monetary policy of the National Bank of Ukraine (NBU). Such forecasts were made by Ukrainian presidential advisor on economic issues Oleh Ustenko, the press service of the President’s Office reported. “If we talk about 2021 in general, we…