The decline in Ukraine’s industrial output in July slowed down to 4.2% YoY after sliding by 5.6% in June, the State Statistics Service reported. Taking into account the adjustment for the calendar-day effect, it fell by 4.4%, the stats agency said in its recent report. Compared to the previous month, industrial production in July increased…
Kazakhstan’s real GDP growth is projected at 2.8% in 2021 given the planned measures to bolster the economic sectors are in place. Addressing the government session on August 25, the Kazakh Prime Minister, Askar Mamin, once again emphasized the difficult economic situation the world was facing now due to COVID-19, which also affected Kazakhstan’s economy.…
In 2021, Ukraine’s economy will resume growth, while inflation will remain moderate. These conclusions were reached during a meeting of representatives of the NBU, the Government and leading Ukrainian economists, the NBU press service reported on Facebook. The panelists agreed that in 2021 the economy would enter a growth trajectory, while inflation would remain moderate.…
Ratings agency Standard and Poor’s (S&P) has affirmed its long-term rating on Estonia at the current high level of AA-, while revising the outlook to stable from positive on COVID-19 related risks, the Ministry of Finance has said. The short-term rating was affirmed at A-1+. “Like all European economies, Estonia is severely affected by the…
North Kazakhstan formed a pool of 50 investment projects worth of KZT 287 billion. “Since the beginning of the year, KZT 119 billion has been attracted into the economy of the region, up by 18.8% YoY. The bulk of investments, more than 75%, falls on private investments. The volume of foreign investments made KZT 8.5…
Lithuania could lose a significant share of foreign tourists and cargo going through the port of Klaipeda if unrest continues in Belarus, which is the country’s seventh largest export partner. “Any disturbance in Belarus can affect the economy. Belarus is an important partner of Lithuanian Railways and Klaipeda port,” Prime Minister Saulius Skvernelis said. But…
The Kazakh Trade Minister, Bakhyt Sultanov, emphasized the importance of development of e-commerce, especially during the pandemic. Addressing the reporting meeting with the population, Sultanov noted that Kazakhstan’s e-commerce market’s value approached 700 billion tenge last year. It is said to stand at 432 billion tenge following the results of the first half of 2020.…