Due to the coronavirus pandemic and quarantine restrictions, remittances from Ukrainian migrant workers are expected to amount to $10 billion in 2020, which is $2 billion less than last year, according to the National Bank of Ukraine (NBU). “Labor migration is a difficult topic. About 3 million Ukrainians work abroad. Some of them are seasonal…
In 2019, local budgets received UAH 4.9 billion in revenues from real estate taxes, up by UAH 1.2 billion YoY, according to the Finance Ministry. “Local budgets received UAH 4.9 billion from the payment of real estate taxes in 2019 and UAH 3.7 billion in 2018,” the statement reads. Failure to pay taxes on real…
The directors of departments of the economy ministries of Ukraine and Poland, Oleksiy Rozhkov and Jan Pawelec, discussed the dynamics of bilateral economic cooperation in the first quarter during a videoconference, Ukraine’s Embassy in Poland reported on Facebook. “The directors of departments of the economy ministries of Ukraine and Poland, Oleksiy Rozhkov and Jan Pawelec,…
Ukraine’s Social Policy Ministry predicts poverty in Ukraine will have grown to 45% by late 2020, up by 6.5% YoY. According to M.V. Ptukha Institute for Demography and Social Studies of the National Academy of Sciences of Ukraine, poverty in 2019 was 38.5%, down by 4.7%. “Thus, media reports about a “sharp increase in poverty…
28,500 people have been hired in Kazakhstan so far in May under the Yenbek state program. 14,800 received job under the Employment Roadmap, the human resources development center reports. During the period starting from March 16 till the end of April when the country imposed coronavirus restrictions, the number of jobs posted on job board…
Small and medium-sized enterprises should be given the same opportunities to enter the international market as a large business has. President of Ukraine Volodymyr Zelensky made a corresponding statement at a meeting on accelerating export growth and attracting investment to Ukraine as a guarantee of economic stability, the press service of the Head of State…
Georgia’s external trade turnover amounted to $3.46 billion in January-April, down by 11.8% YoY, showed preliminary data from the National Statistics Office of Georgia (Geostat). The value of exports decreased by 11.9% and reached $778.2 million, while imports decreased by 11.8%, to $2.46 billion. The trade deficit of Georgia in January-April amounted to $1.46 billion,…