In April, the average nominal salary in Ukraine amounted to UAH 10,430, up by 1.6% YoY, according to the State Statistics Service. “The average nominal salary of a full-time employee of enterprises, institutions and organizations made up UAH 10,430 in April, up 2.2-fold from the minimum wage (UAH 4,723). The average nominal salary decreased by…
In the first quarter of 2020, investments in Ukraine’s economy decreased by 29% and in the agriculture sector – by 35.3%, Oleksandr Zakharchuk, Head of the Investment, Material and Technical Resources Department at the National Research Center “Institute of Agrarian Economics” (IAE), stated referring to data released by the State Statistics Service. “In January-March, total…
Ukraine’s state budget did not receive UAH 45 billion in planned revenues to the general fund in the first quarter of 2020, including UAH 27 billion as customs and tax payments, Chairman of the Accounting Chamber Valeriy Patskan said on Facebook. “In January-March, the budget did not receive 14% of planned revenues to the general…
Ukraine’s economy could contract by 6-7% in 2020, Deputy Governor of the National Bank of Ukraine (NBU) Dmytro Sologub has said. “Based on the data on the decline in the first quarter, industrial production and transport in April, I think the decline may be more severe than expected. Accordingly, if we transfer the dynamics to…
As of May 15, the annual inflation rate reached 7.5% after rising to 8.6% in April, the Chairman of the National Bank of Kyrgyzstan Tolkunbek Abdygulov reported. According to forecasts of the National Bank, inflationary processes will slow down in the second half of the year. It is planned that the National Bank will work…
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…