In April-June, unemployment rate comprised 8.6%. Compared to the previous quarter, rate of unemployment has risen by 1.2%, but during a year – by 2.2%. In the result of Covid-19 crisis, the number of unemployed increased. In Q2, the number of unemployed persons aged 15-74 comprised 83.5 thousand, up by 22 thousand YoY and by…
Foreign direct investments (FDI) in Georgia amounted to $1.31 billion in 2019, up by 0.3% YoY, showed the latest adjusted data of the National Statistics Office of Georgia (Geostat). The top three countries that invested the most in Georgia in 2019 were the United Kingdom (18%), Turkey (13.4%) and Ireland (10.2%). The share of the…
In January-July, Ukraine’s trade turnover with countries of the world amounted to $55.48 billion. According to data provided by the State Customs Service, Ukraine imported goods worth $28.8 billion, down by 13% YoY. Exports of goods amounted to $26.6 billion, down by 7%. Accordingly, the foreign trade balance of Ukraine in January-July was negative and…
Despite the global coronavirus crisis, Estonian startups generated EUR 364.5 million in turnover in the first six months of 2020, up by 40% YoY, Startup Estonia reported. Among Estonian startups, the biggest turnovers were generated in the six-month period by Bolt (EUR 132.7 million), Pipedrive (EUR 30.6 million), Adcash (EUR 16.5 million), Starship Technologies (EUR…
The National Bank of Kyrgyzstan has allocated over 6 billion soms to support the domestic economy and the real sector, Chairman of the National Bank, Tolkunbek Abdygulov, has announced during an online meeting with the President. According to the Chairman of the National Bank, more than 3 billion soms have been provided to commercial banks…
GDP of the Kyrgyz Republic will fall by 10% in 2020 due to the coronavirus pandemic. The joint socioeconomic assessment “COVID-19 in the Kyrgyz Republic: Socioeconomic and Vulnerability Impact Assessment and Policy Response”, prepared by the Asian Development Bank, the United Nations Development Programme and the Economic Policy Research Institute in the Kyrgyz Republic’s Ministry…
Considering that state support to help reduce the impact of COVID-19 crisis on the economy has already reached 9% of Latvia’s GDP, the Fiscal Discipline Council (FDP) has once again asked the government to limit new economy-stimulating measures and instead start thinking about gradual reduction of the state debt. This much was concluded by FDP…