Georgian gross domestic product (GDP) grew by 3.8% YoY in December 2019, showed the latest data from the National Statistics Office of Georgia (Geostat). In December 2019 the estimated real growth compared to the same period of the previous year occurred in the following sectors: manufacturing, transport and storage, wholesale and retail trade; repair of…
The economic activity index of Armenia grew by 7,8% in 2019 compared to the previous year, the Statistics Committee said in a report. During the reporting period the volume of industrial output grew by 9%, the gross agricultural production dropped by 4.2%, construction increased by 4,6% and trade turnover by 8.9%. Volume of services grew…
This year’s biggest challenges for retailers will include the decline of numbers of residents and buyer, as well as growing labor force costs, says Swedbank economist Agnese Buceniece. “The change of buyers’ habits and e-commerce remain notable challenges and impressive opportunities at the same time,” says the expert. “International observations show that e-commerce development is…
As of January 1, 2020, the arrears of wages of the employees of economically active enterprises decreased by 10% compared to December 1, 2019. Minister of Economic Development, Trade and Agriculture Tymofiy Mylovanov announced the relevant data at a briefing on the results of the Government’s actions. “To date, the wage arrears at the economically…
Ukrainian citizens have filed more than 638,000 asset declarations since the beginning of 2010, having declared UAH 101.8 billion as income received in 2018, up by 39% YoY, the press office of the State Tax Service has reported. Accordingly, the amount of declared personal income tax has increased. It reached over UAH 3.4 billion, up…
The average nominal wage of a full-time employee grew by 14.8% in Ukraine in December 2019 against November 2019, while rising by 16% YoY, to UAH 12,264, or $496. Real wages in Ukraine in December 2019 increased by 0.5% MoM and by 11.3% YoY, the State Statistics Service reported. The average nominal rate of a…
The state budget of Ukraine in 2019 was implemented with a deficit of UAH 78.050 billion ($3.14 billion), up by 32% YoY, the State Treasury Service of Ukraine reported on its website. The consolidated budget saw a deficit of UAH 84 billion ($3.41 billion), the report said, up by 24%. The 2019 state budget provided…