Economy Minister Ruslan Dalenov spoke about the results of the country’s socioeconomic development for January-April. Production of goods grew by 5.8%, while the production of services fell by 4%. As a result the GDP decreased by 0.2%. Production of services fell due to restrictions imposed amid the coronavirus spread fears. The annual inflation made 6.8%.…
The National Bank of Ukraine (NBU) says the country’s international reserves as of May 1 totaled $25.695 billion, up by 3.1% MoM. “As of May 1, Ukraine had an equivalent of $25,695.0 million in international reserves, according to preliminary data. In April, they increased by 3.1%. The increase was primarily driven by the NBU’s reserves…
In March the foreign trade turnover of Latvia amounted to EUR 2.42 billion, which at current prices was 5.1% less than a year ago, of which the exports value of goods dropped by 0.7%, but imports value of goods – by 8.4%. In March, Latvia exported goods in the amount of EUR 1.1 billion, but…
Lockdown measures to battle the coronavirus pandemic will cause Ukraine’s economy to shrink by 1% in the first quarter of 2020 and by 10.9% in the second quarter, a Reuters monthly poll of analysts said. The government has forecast that the country’s gross domestic product will shrink by about 5% overall this year and the…
The European Commission predicts that Lithuania’s gross domestic product (GDP) will contract by 7.9% this year due to the Covid-19 pandemic. However, the country’s economy should rebound and grow by 7.4% next year, the Commission said in its Spring 2020 Economic Forecast. According to the Commission, the heaviest blow to Lithuania’s economy will be dealt…
The situation in Ukraine’s economy is extremely difficult due to lockdown measures aimed at combating the spread of coronavirus disease (COVID-19), Prime Minister Denys Shmyhal has said. He said that lockdown measures had the greatest impact on micro, small and medium-sized businesses. “We do not underestimate the situation regarding how many people lost their jobs…
The Armenian Central Bank on April 28 cut its key refinancing rate by 0.25%, to 5%. In March, the country’s consumer price index rose by 0.5% MoM, but was down by 0.1% YoY, the bank said. The central bank will hold its next meeting on rates on October 29. The central bank also said that…