A regulation for procurements could help standardize and centralize them using ministries involved, for example, said Latvian Economy Minister Ralfs Nemiro. The minister described his idea using the purchase of a school bus as an example. It is not the same as a municipality purchasing one of two buses. Instead the procurement is performed by…
The state budget of Kyrgyzstan for 2018 was executed with a deficit of 6,453 billion soms with a planned deficit of 12,606 billion soms, department of the Committee on Budget and Finances of the Parliament of Kyrgyzstan reports. At least 23 billion soms have been spent on servicing external and internal debts. Securities for 9…
Unemployment rate dropped in Armenia by 2.6% in the second quarter of 2019, compared to the same period of 2018, amounting to 17.7%, the Statistical Committee reported. The number of unemployed people comprised 207.2 thousand in the second quarter of 2019, against the 236.4 thousand people in the second quarter of 2018. The unemployment rate…
Inflation in September ran at 2.2% YoY, according to the government agency Statistics Estonia. The sectors exerting the most impact were food and clothing, though there was a slight fall of -0.2% MoM. Consumer price index for services saw a 3.5% rise, and goods saw a 1.4% rise. Regulated prices of goods and services fell…
Prime Minister Oleksiy Honcharuk has stated that the goal of the Cabinet of Ministers to reach economic growth of 40% is quite possible. “Every day during the previous week we, together with my colleagues and other ministers, explained to people across the country the goals of the Government’s Action Program. People should know in detail…
According to Azerbaijani President Ilham Aliyev’s instruction, an innovation strategy is being developed in the country and coordination in the field of innovative development is being increased through the involvement of reputable international consultants, Executive Director of the Azerbaijani Center for Analysis of Economic Reforms and Communications Vusal Gasimli has said. Gasimli made the remarks…
Ukraine’s public and publicly guaranteed debt amounted to UAH 2.067 trillion or $81.92 billion as of August 31, the Ukrainian Finance Ministry reported. According to the report, public and publicly guaranteed foreign debt amounted to UAH 1.251 trillion, or $49.57 billion, whereas public and publicly guaranteed domestic debt stood at UAH 816.26 billion, or $32.35…