The World Bank has left its forecast for Ukraine’s gross domestic product growth in 2021 at 3.8%, according to a World Bank report “Global Economic Prospects” for June. According to the organization’s projections, Ukraine’s GDP will grow by 3.1% each in 2022 and 2023. According to the World Bank, the global economy is expected to…
In April, the total production of industrial enterprises increased by 17% YoY, data from Statistics Estonia showed. Production increased by 17% in the energy sector and by 18% in manufacturing, but decreased by 1% in mining. Industry is the largest sector of the Estonian economy and an important driver of economic growth. The index of…
Uzbekistan and Tajikistan have agreed to increase bilateral trade to $1 billion in the coming years, as Uzbekistan Deputy Prime Minister and Minister of Investments and Foreign Trade Sardor Umurzakov met his Tajik counterparts in Dushanbe on June 5. The parties have agreed to increase exports, and launch joint ventures in the free economic zones…
The World Bank’s Board of Executive Directors has approved a $100-million loan to Ukraine’s state-owned Ukreximbank to be used for the special-purpose medium- and long-term lending to export-oriented small and medium-sized enterprises. The current Access to Long-Term Financing project for a total of $150 million has been implemented since June 2018 and already provided a…
Ukraine’s international reserves in May shrank by 0.6%, to $27.840 billion in the equivalent as of June 1. The reduction was due to the repayment of external and internal debts by the state, which were partially offset by foreign exchange (FX) earnings in favor of the government, the press service of the National Bank of…
During the last year income of more than one fifth (21%) of Latvian households reduced, of 66 % – did not change, but of 13% – increased. In turn, in the following 12 months majority of households (78%) expect that their total income will not change, 15% – expect that their income will increase and…
In May, the consumer price index increased by 0.9% MoM and by 3.6% YoY. Rising prices of motor fuel and electricity were behind the increase. Goods were 2.9% and services 4.4% more expensive than in May last year. Viktoria Trasanov, lead analyst at Statistics Estonia, said, compared to May 2020, the consumer price index was…