Small and medium-sized enterprises should be given the same opportunities to enter the international market as a large business has. President of Ukraine Volodymyr Zelensky made a corresponding statement at a meeting on accelerating export growth and attracting investment to Ukraine as a guarantee of economic stability, the press service of the Head of State…
Georgia’s external trade turnover amounted to $3.46 billion in January-April, down by 11.8% YoY, showed preliminary data from the National Statistics Office of Georgia (Geostat). The value of exports decreased by 11.9% and reached $778.2 million, while imports decreased by 11.8%, to $2.46 billion. The trade deficit of Georgia in January-April amounted to $1.46 billion,…
PM Askar Mamin summed up the Government meeting that focused on the economic growth rehabilitation package plan until the end of 2020. As the PM noted, the plan presented consisted of system-based and economic branch-wise measures addressed to foster business, support employment and increase people’s earnings. The document was discussed in detail and approved by…
In January-March, the amount of private money transfers through traditional and unofficial channels to Ukraine made up more than $2.9 billion, and from Ukraine – almost $154 million, according to data published by the National Bank of Ukraine (NBU) on Facebook. In particular, $106 million in equivalent was sent from Ukraine through money transfer systems.…
Georgia: unemployment down in 2019 The unemployment rate in Georgia decreased by 1.1% YoY, to 11.6% in 2019, saids the National Statistics Office of Georgia (Geostat). Last year the economically active population constituted 62.9% of the working age population (population aged 15 and older). “In comparison to the previous year, the economic activity rate decreased…
In March migrants transferred $144 million to Kyrgyzstan, down by 13% MoM, the National Bank reported. Compared to March 2019, the figure decreased by $51.8 million, or by 26%. Compared with the data for December 2019, the decrease will amount to $70.9 million, or 33%. In total, $457.6 million were transferred to the republic in…
President Gitanas Nauseda proposed temporary income tax cuts and one-off payments to families with children to stimulate the country’s economy. The president presented the additional package worth 500 million euros after signing the Seimas-adopted law on one-off payments of 200 euros to pensioners and other social benefit recipients. Nauseda proposed to cut income tax from…