Default is possible in Ukraine without external support from international financial institutions, but the government is doing its best to keep the country financially stable, Ukrainian Prime Minister Denys Shmyhal has said. “First of all, we have to spend money on protecting the life and health of our citizens, rather than repaying foreign debt. Therefore,…
The National Bank of Ukraine (NBU) expects that the economic recovery in Ukraine will begin at the end of the third quarter, First Deputy NBU Governor Kateryna Rozhkova has said. “We expect, based on the forecasts we hear, that from the end of the third quarter, the economy will recover and customers and banks will…
As of December 2019, the external debt of Georgia amounted to $18.6 billion, which was 105.1% of the gross domestic product of the year, said the National Bank of Georgia. During the fourth quarter of 2019, the gross external debt of Georgia increased by $729 million. Out of that, a $529.5-million increase was due to…
In the first two months of the Covid-19 pandemic its effect on the state budget has not yet been felt, as reported by the Finance Ministry. In the first two months of 2020 the general budget revenue was 0.6% higher when compared to the same period of 2019. Expenditures, on the other hand, increased by…
The former Minister for Development of Economy, Trade and Agriculture of Ukraine, Tymofiy Mylovanov criticized the proposal of the Government of Ukraine to temporally close all enterprises in the country, in order to stop the further spread of coronavirus. In particular, the ex-minister believes that such measures will have negative consequences for the country’s economy.…
To limit the Covid-19 pandemic in Latvia it has been decided to close down gyms. Shopping centers will close their doors on weekends, Prime Minister Krisjanis Karins has announced. This requirement will not apply to pharmacies and food stores, veterinary shops, gardening and construction stores, as well as optician stores. According to Karins, the decision…
The unemployment rate in Ukraine in October-December 2019 increased to 8.7% from 7.3% reported in the third quarter of 2019, or 1.6 million citizens in absolute numbers, the State Statistics Service reported. The report says the number of employed citizens aged 15-70 in the fourth quarter of 2019 amounted to 16.5 million. The employment rate…