Ukraine’s national budget in January-March grew by 25% YoY, from UAH 26.2 billion ($966.8 million) to UAH 32.732 billion ($1.21 billion). The country’s consolidated budget consisting of the national and regional budgets saw a UAH 17.324 billion ($639.3 million) deficit in the first three months of 2020, which was 93% higher than the deficit for…
President Kassym-Jomart Tokayev has assigned to work out an economic growth rehabilitation package by May 11. “The government and National Bank will have elaborated the economic growth rehabilitation package by May 11 to support the worst-hit industries. The country embarks on a brand new stage of its development. We will live in a new reality…
The COVID-19 pandemic and the slump in commodity prices will affect the inflow of remittances to Georgia, as some of the key remittance-sending countries such as Italy, Russia and the United States, have been strongly impacted, says the World Bank. “Remittances are an important source of income for households in Georgia and the COVID-19 shock…
Inflation will remain low in Ukraine in April, as there is no increased demand in the commodity and foreign exchange markets, according to preliminary data provided by the National Bank of Ukraine (NBU). “Inflation will remain low in April, according to preliminary data from the NBU online monitoring. Increased demand for essential goods and stir…
Armenia is still among countries having a low burden of foreign debt, but in the current coronavirus-related conditions an increase of the debt is unavoidable, Finance Minister Atom Janjughazyan has said while commenting on the bill to amend the budget. “The proposed scenario implies a 324-billion dram deficit. To fund this deficit we are considering…
Approximately 90,000 people, double the current number, may be unemployed in Estonia by the end of summer, according to CEO of the Unemployment Insurance Fund Meelis Paavel. “The number could double compared with the one present,” Paavel said. “The forecasts have been made so that we would be able to take into consideration such a…
Large- and medium-sized enterprises in Ukraine received UAH 422.235 billion, or $15.5 billion, in profit before tax in 2019, up by 26% YoY. Financial performance of Ukraine’s profitable enterprises grew by 10%, to UAH 596.284 billion ($21.9 billion), while that of loss-making companies shrank by 15%, to minus UAH 174.050 billion ($6.4 billion), according to…