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.…
Uzbekistan will receive observer status in the Eurasian Economic Union (EAEU) in December, the Head of Department of the Ministry of Industry and Trade of Russia Mikhail Anisimov has said at the online conference “Industrial Dialogue Russia-Uzbekistan: New Projects and Partnerships”. In November, the Deputy Chairman of the Senate of the Oliy Majlis (parliament) of…
The Ukrainian government is working to open 33 new markets for a range of Ukrainian products. That’s according to a statement by the State Food and Consumer Service. “In the near future, the opening of the following markets is expected: Canada – poultry meat; the People’s Republic of China – fish and fish products, feed,…
On December 1, the Organization for Economic Cooperation and Development (OECD) published an outlook for Latvia’s GDP decline, reducing it to 4.3%. In its June outlook OECD expected Latvia’s economic decline to be at 8.1%. Economic growth outlook for 2021 is reduced from 6.3% to 2.4%. In 2022, OECD expects Latvia’s economy to grow by…