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…
Georgia intends to begin indexing pensions to inflation and economic growth, says Georgian Finance Minister Ivane Matchavariani. “An increase in pensions for people less than 70 years old will be adjusted based on the inflation rate, while an increase of pensions for people above 70 will be adjusted based on 80% of economic growth as…
Economic activity in Armenia shrank by 4.9% YoY in March, data from the National Statistical Service revealed. Economic activity in the country has contracted as a result of a lockdown imposed in mid-March in a bid to curb the Covid-19 outbreak. In the reporting period, construction and trade declined by 26.2% and by 9.9%, respectively,…