The Finance Ministry expects that a decline in the Ukrainian economy will be less than earlier predicted by the International Monetary Fund (IMF), Finance Minister Serhiy Marchenko has stated. “We rely on the forecast of the Ministry for Development of Economy, Trade and Agriculture. A decline is projected at 4.8% of GDP. There is every…
According to the results of the first half of 2020, Kazakhstan’s GDP has decreased by 1.8%, while the forecast was -1.5%. This is due to the downturn in the service sector, despite the relaxation of quarantine measures and the opening of trade and catering facilities from mid-May. According to the National Bank, such industries, as…
The National Bank of Kazakhstan has made an unplanned decision to reduce the base rate to the level of 9% per annum with the expansion of the corridor to +/- 1.5%. Consequently, the rate for the liquidity provision standing facilities is 10.5% and for the liquidity withdrawal standing facilities – 7.5%. The decrease in the…
In June, the producer price index of industrial output increased by 1.7% MoM, but decreased by 2.3% YoY, data from Statistics Estonia showed. Eveli Sokman, leading analyst at Statistics Estonia, said the producer price index was on the rise again after a long time. “In June compared to May, the producer price index was affected…
In June, actual unemployment rate comprised 9.8%, up by 0.2% MoM. Unemployment rate registered by the State Employment Agency (SEA) accounted for 8.6%, and, compared to May, rose by 0.2%. Unemployment rate increase may be observed also when comparing the data to the June of the previous year – of 3.5% in actual unemployment rate…
Ukrainian citizens declared UAH 94.5 billion as income received in 2019, up by UAH 11 billion YoY, the press service of the State Tax Service reported. Some 505,000 declarations of income and property were submitted, according to the report. The largest amounts of revenues for the last year were declared in Kyiv City – UAH…
The Pension Fund of Ukraine has approved the average wage for May in the amount of 9,546 hryvnias and 32 kopecks. “The indicator of the average salary for May that, in accordance with the law of Ukraine on compulsory state pension insurance, is taken into account for calculating pensions, has been approved as 9,546 hryvnias…