The Ministry of Economy spoke about economic consequences of coronavirus for Kyrgyzstan. There will be a reduction in external supply and demand, worsening of trade terms with the countries that are the main trading partners of the republic, and a reduction in domestic demand due to a slowdown in economic activity caused by a reduction…
Prime Minister of Ukraine Denys Shmyhal argues that the government is considering options for weakening restrictive measures set up to flatten the curve of coronavirus spread to restart the economy. At the same time, he admitted this would depend on the dynamics of the spread. “We’re very well aware that many people, the majority of…
Georgian gross domestic product (GDP) grew by 2.2% YoY in February, showed the latest data from the National Statistics Office of Georgia (Geostat). In February, the estimated real growth compared to the same period of the previous year occurred in the following sectors: wholesale and retail trade; repair of motor vehicles and motorcycles, information and…
The lifting of restrictions implemented for the duration of the emergency situation will be based not on economic but rather health-based logic, and as there is currently no certainty regarding how the coronavirus will continue to spread, no strategy exists for exiting the standstill either, said Ministry of Economic Affairs and Infrastructure Deputy Secretary General…
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…