Economic activity in Armenia shrank by 17.2% YoY in April, data from the National Statistical Service revealed. Economic activity has contracted as a result of a lockdown imposed in mid-March in a bid to curb the Covid-19 outbreak. Though the state of emergency has been extended, most restrictions have been removed. In the reporting period,…
Services worth UAH 227 billion were sold in Ukraine in January-March, down by 1.7% YoY, according to the State Statistics Service. “In the first quarter of 2020, the volume of services provided by enterprises in the field of consumer services amounted to UAH 227 billion, or 98.3% of the volume provided in the relevant quarter…
State Employment Service said the number of unemployed in Ukraine grew by 64% YoY as of May 20, to 501,000 people. At the same time, the number of vacancies is 51,000. This is almost 55% fewer than last year, the report said. The average wage for existing vacancies is UAH 7,000 ($262). Today there is…
In April actual unemployment rate comprised 9.2%, up by 1.3% MoM. Unemployment rate registered by the State Employment Agency (NVA) accounted for 8% and, compared to March, it had risen by 1.2%. Unemployment rate increase may be observed also when comparing the data to the April of the previous year – of 2.7% in actual…
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,…