Armenia will have at least a 7.5% economic growth based on the annual results of 2019, Minister of Economy Tigran Khachatryan has declared. “We have started a very good year as it is built on the good base of 2019. Based on the results of the 11 months of the past year we have a…
The previous year was profitable for the State Treasury as the state budget revenues grew by 15.5%. Over eleven months of 2019, the state budget’s revenues have equaled KZT11.5 trillion, up by 15.5% YoY (KZT10 trillion). In turn, the amount of revenues amounted to KZT8.5 trillion excluding transfers. Thus, over the year it has grown…
The maximum permissible number of foreign workforce allowed for attraction by Kazakhstan in 2020 is 29,292 or 0.32% against the total number of workforce. As the Ministry of Labor and Social Protection informed, the quota was cut by 40% compared to 2019 (48,700). Aktobe, West Kazakhstan, Kyzylorda and North Kazakhstan regions fully abandoned the attraction…
In 2019 the gross international reserves of Kyrgyzstan grew by $55.54 million, the National Bank reported. Based on the results of 2019, the gross international reserves of Kyrgyzstan reached $2,424.11 billion. This is the highest figure since 2002, when the National Bank first began to publish data on the level of the reserves. Over the…
The National Bank of Ukraine (NBU) has stated it may lower the discount rate to 8%, if the economic situation remains stable in Ukraine. “If the macroeconomic situation does not change dramatically, the discount rate may be 8%. We previously planned to reduce it to this level in 2021. However, we see now the prerequisites…
The World Bank (WB) predicts that the gross domestic product of Ukraine (GDP) will reach 3.7% in 2020, according to a WB report. According to the bank’s forecasts, Ukraine’s GDP will grow up to 3.7% in 2020, and 4.2% in 2021 and 2022. The real GDP of Ukraine in the third quarter of 2019 increased…
Trade continued to decline in 2019, with a fall of 10% in imports and exports YoY in November 2019, according to the state agency Statistics Estonia. Trade contracted in most commodity areas. In November 2019 Estonia’s goods exports totaled EUR 1.2 billion and imports EUR 1.3 billion at current prices. The trade deficit was EUR…