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…
The government has already begun to assess the impact of the coronavirus epidemic on the Ukrainian economy, Prime Minister Oleksiy Honcharuk has said. “Speaking about the coronavirus, I am quite sure that this factor must be assessed, and we are already doing it. The question is different: no one in the world can say how…
The shortcomings of macroeconomic forecasting, in particular regarding the hryvnia exchange rate, led the state budget falling short of UAH 2.3 billion ($94 million) in January, said head of the Accounts Chamber of Ukraine, Valeriy Patskan. “The actual hryvnia exchange rate in January on average amounted to UAH 24.1 to the dollar, while budget revenue…
Georgia’s external trade turnover amounted to $882.4 million in January, up by 5.7% YoY, showed data from the National Statistics Office of Georgia (Geostat). The value of exports increased by 10% and reached $262.6 million, while imports increased by 3.9%, amounting to $619.7 million. The trade deficit of Georgia in January amounted to $357.1 million,…