While the consumer price index (CPI) rose by 0.1% MoM in November, it fell by 1.1% YoY, state agency Statistics Estonia reported. Falling fuel prices in part resulted from diesel excise duty cuts earlier in the year. A fall in electricity prices also made its effects known. Goods cost 1.2% less in November then in…
The Ukrainian government’s investment promotion office UkraineInvest will hold an online international conference for investors on December 11. “On December 11, the first annual international conference ‘Ukraine: Investment Harbor in the Time of Change’ will be held, organized by the government’s investment promotion office UkraineInvest,” reads a report posted on the Government portal. The event…
The State Forestry Committee of Uzbekistan plans to attract carbon credits to finance the creation of forest plantations, National expert on drought in Uzbekistan Sobirjon Umarov has said, commenting on the development of the forestry industry in Uzbekistan. A carbon credit is a permit that allows the company that holds it to emit a certain…
While the newest set of restrictions established by the government are lighter than what the scientific council recommended, they could have strong effects on restaurants and bars. The government’s decision on December 3 means all companies and establishments can remain open for now. Based on that, the government does not consider it necessary to implement…
If the Ukrainian government introduces a full lockdown across the country, the drop in GDP in the fourth quarter of 2020 will amount to 3.7%, not 7% as predicted. Thus, stricter quarantine’s blow on the economy will not be too devastating, economist with the Ukraine Economic Outlook, Mykhailo Kukhar, has declared. The fall in GDP…
The minimum wage in Ukraine will rise to UAH 6,000 from January 1, 2021 and to UAH 6,500 from December 1, 2021, Ukrainian Prime Minister Denys Shmyhal said at a government meeting on December 2. “The minimum wage, as promised, will rise to UAH 6,000 from January 1. The increase in the minimum wage to…
Kazakh Primer Askar Mamin has outlined the tasks facing the agricultural sector of Kazakhstan at a government session on December 2. Among the tasks facing the agricultural sector of Kazakhstan Mamin outlined a 2.5-fold rise in labor productivity as well as a doubling of export of agricultural products, 70% of which needed to be processed.…