A total of 69% of Ukrainians have experienced the economic impact of the coronavirus COVID-19 pandemic. “Almost a third of respondents reported losing their jobs, while over half spent their savings and cut their expenses on food. People from rural areas, industrial workers and households with unemployed members suffered the most,” according to a survey…
Ministry for Development of Economy, Trade and Agriculture says the share of the shadow economy in 2019 fell by 3% against 2018, from 31% to 28% of the country’s official GDP. The figures are mentioned in the report titled “General Trends of the Shadow Economy in Ukraine”, which was posted on the ministry’s website. The…
As of June 19, the annual inflation rate fell to 6.1% after it reached the level of 8.6% in April, the National Bank of Kyrgyzstan reported. Weakening of domestic demand determines the downward dynamics of inflation in the country. The National Bank noted that the slowdown in inflation occurred mainly due to a decline in…
In May, the average nominal salary in Ukraine amounted to UAH 10,542, up by 3% YoY, according to the State Statistics Service. “The average nominal salary of a full-time employee of enterprises, institutions and organizations made up UAH 10,542 in May, up 2.2-fold from the minimum wage (UAH 4,723). The average nominal salary increased by…
JSC Ukrposhta, Ukraine’s state-owned postal operator, paid UAH 202.7 million in dividends for 2019, or 50% of the net profit of the joint-stock company for last year, according to Ukrposhta’s press service. The company stresses that this is the largest amount of contributions paid to the state budget since Ukrposhta’s establishment. “For the first time…
At the beginning of June total tax debts in Latvia, including active, halted and extended debts, reached EUR 989.207 million, up by 3.6% MoM, according to data from the State Revenue Service (VID). The most rapid increase was observed for social insurance fee debts. Nevertheless, the growth rate has reduced in comparison with the previous…
The Board of the National Bank of Kyrgyzstan kept the discount rate (key rate) at 5%, website of the National Bank of the Kyrgyz Republic reported. The economy of Kyrgyzstan remains exposed to changes in the global and regional economies as the COVID-19 pandemic continues. Despite some signs of economic recovery in individual countries after…