The economy will not be restored to its pre-coronavirus crisis state, the Ministry of Economic Affairs and Communications’ deputy secretary general for economic development Viljar Lubi has declared. “On the one hand, this is impossible because it is unsustainable and no country is even trying to do that. At the same time, there is a…
The Finance Ministry attracted UAH 8.3 billion to the state budget following auctions on the placement of domestic government bonds on July 14, the ministry’s press service has reported on Facebook. “At auctions on the placement of domestic government bonds, the Finance Ministry offered investors three issues of hryvnia securities with a maturity of three…
The United States has increased COVID-19 related funding for Ukraine by $1.8 billion. “Earlier this month, the United States announced an increase in COVID-19 related funding for Ukraine, from $15.5 million to nearly $17.3 million. The newest funding of nearly $1.8 million will support the International Organization for Migration’s activities in eastern Ukraine, supporting internally…
Over half of the enterprises that make up Georgia’s packaging value chain lost more than 50% of their income to lockdown and 83% considered the pandemic a significant threat to their continued operation, said a new study of the European Union and the United Nations Development Programme (UNDP) based on interviews with over 500 companies.…
The volume of non-cash payments in May grew to 55.5% of all operations from 50.3% in January, and their number increased to 87% from 82.4%, the press service of the National Bank of Ukraine (NBU) reported on its Facebook page. “During the quarantine, non-cash payments proved their safety and convenience. Therefore, the choice of Ukrainians…
Many Finnish companies are currently re-evaluating the internationalization plans due to the COVID-19 pandemic, a source in Finland’s Ministry of Foreign Affairs has reported. The official said that focus areas for Finnish businesses in Kazakhstan were energy, cleantech, digitalization and education. “For instance, in education, the last few years saw an opening of an innovative…
The estimated real gross domestic product (GDP) declined by 16.6% YoY in April, the National Statistics Office of Georgia (Geostat) reported. GDP declined by 3.6% in the first four months of 2020. In April, the estimated real growth compared to the same period of the previous year was posted negative in almost all activities, while…