The exceptionally warm winter this year has had a negative effect on economic growth, says a senior economist from Swedbank. The fall in logging activity and energy generation, which the mild conditions have brought, have not been mitigated by any improvements in construction or agriculture, Liis Elmik, Swedbank senior economist, has said. “While predicting the…
$10 billion in direct investment in the Ukrainian villages by 2024 will contribute to the creation of high well-being standards and comfortable living conditions for rural residents. Minister of Economic Development, Trade and Agriculture Tymofiy Mylovanov said this at the meeting of the Verkhovna Rada Agrarian Committee during the presentation of the report on progress…
The average salary in Ukraine in 2019 was UAH 9,205, the State Property Fund reported on its Facebook page. “The average salary for 2019 is UAH 9,205.19,” the report reads. The State Property Fund approved the average wage for December 2019, which, according to the law of Ukraine on compulsory state pension insurance, was taken…
An additional one million legal jobs will be created in Ukraine in the next five years, Minister of Economic Development, Trade and Agriculture of Ukraine Tymofiy Mylovanov has said. “The government is ready to legalize labor in Ukraine. We look at neighboring countries, where each industry has its own rules, for example, official hourly wages.…
The Presidents of Kazakhstan and Uzbekistan called the year of 2018 the year of breakthrough in development of the commercial and economic cooperation between the countries. Thus, the countries demonstrated a significant increase in trade turnover – from $3 billion in 2018 to the expected level of $5 billion in the current year, reported the…
In 2020, the Government of Ukraine plans to sell more than 300 entities within small-scale privatization and five large enterprises. This is stated in the government’s “Economic Strategy: Growth through Investment”, the press service of the Ministry of Economic Development, Trade and Agriculture of Ukraine reports. “The next area of private investment attraction is the…
When compared to the same period of the previous year, Latvia had a lower GDP than the average in the European Union in Q4 2019, according to data published by Eurostat for 20 of the union’s countries. According to seasonally adjusted data, Latvia’s GDP increased by 1% in Q4 2019. A more rapid economic growth…