The information technology and communications sector was the least hit by the first wave of the coronavirus in spring, while accommodation providers, caterers and travel agents found themselves in the most difficult situation. This means Estonia is entering the second wave in a vulnerable position, a report by the Riigikogu Foresight Center concludes. The center’s…
The Ukrainian IT industry lost $199 million in revenue in the second and third quarters of 2020 as it had been hit by the COVID-19 pandemic and quarantine-related curbs. This is seen from findings of a study conducted by the Better Regulation Delivery Office (BRDO). The main factors include: reduced demand for services due to…
In the third quarter, there were 54,300 unemployed persons in Estonia, up by 4,900 QoQ, data from Statistics Estonia showed. The labor force participation rate was 71.8%, the employment rate was 66.3% and the unemployment rate was 7.7%. Leading analyst at Statistics Estonia Eveli Voolens said the unemployment rate was 3.8% higher than in the…
Ukraine’s Ambassador to the State of Qatar Andrii Kuzmenko has held a meeting with H.E. Mohammed Bin Ahmed Towar Al Kuwari, Vice-President of Qatar Chamber of Commerce and Industry (QCCI). During the meeting, the parties discussed the state of bilateral trade and economic cooperation and prospects for its expansion. They also outlined possible joint actions…
Changes have been made to the state program of “Produce in Georgia” that will benefit local event companies and farmers, Economy Minister Natia Turnava has announced. Following the changes, event companies will also be involved in a credit guarantee mechanism that will enable them to get subsidized bank loans for 12 months. Turnava said this…
Consumer inflation in Ukraine accelerated to 2.6% in annual terms in October (from 2.3% in September). Prices rose by 1.0% in monthly terms, according to the press service of the National Bank of Ukraine (NBU). “Actual consumer inflation corresponded to the trajectory of the forecast published in the October Inflation Report. The weakening of the…
Since 1993, US Agency for International Development (USAID) has partnered with the people and government of Uzbekistan to diversify the country’s economy, increase regional trade, address serious health threats, improve learning opportunities for students and build the government’s capacity to respond to the population’s needs, Information Officer of US Embassy in Tashkent Susannah Wood reports.…