The government of Georgia will subsidize the 2020 grape harvest, especially grape varieties of Rkatsiteli and Kakhuri Mtsvane in order to support farmers completely sell their produce, Prime Minister Giorgi Gakharia has announced. Gakharia said that the price of Rkatsiteli and Kakhuri Mtsvane would not be less than 80 tetri. He added that in case…
According to Aliya Moldabekova, deputy chair of the National Bank of Kazakhstan, the country’s national reserves have jumped to $32.9 billion. Moldabekova said there had been a 13.5% or a $3.9-billion rise in international reserves of the country. As of June, international reserves have amounted to $32.9 billion, increasing by $1.3 billion last month. According…
The Cabinet of Ministers has channeled almost UAH 1.7 billion in subventions from the state budget into the socio-economic development of the regions. “The government endorsed a decision to allocate almost UAH 1.7 billion within the program of socio-economic development of the regions. These funds will be allocated to meet the needs of the people,…
The prices of disinfection products and their availability have stabilized. Supply of facemasks and respirators is limited in multiple categories, but their prices remain stable, as concluded in a price monitoring study performed by the Consumer Rights Protection Centre (PTAC). On March 9, PTAC commenced price monitoring for items of first necessity in four biggest…
Ukraine’s budget deficit of 7.5% is not a problem, according to the Prime Minister Denys Shmyhal. He said this during a virtual roundtable meeting entitled “Ukraine Reforms: What Next?” organized by Chatham House. “This is a much smaller deficit than in many European countries, where the deficit can fluctuate at 10%. That is, 7.5% is…
There was a net outflow of foreign direct investment (FDI) from Ukraine in the first quarter of this year of $1,451 million, reversing the trend of inflows of the last several years, according to data from State Statistics Agency. Ukraine has been attracting foreign investment but at disappointingly low levels. New FDI in 2019 was…
The Hungarian low cost airline Wizz Air has opened the second base in Ukraine at Lviv International Airport. According to the press service of the Infrastructure Ministry of Ukraine, in July the company will operate five new flights from western Ukraine, in particular, from Lviv to Billund (Denmark), Tallinn (Estonia), Lisbon (Portugal), Hamburg (Germany) and…