The Kyrgyz economy is expected to resume growth in 2021, but the degree of uncertainty remains high, the final statement of the staff of the International Monetary Fund following consultations with the authorities says. In case of absence of a new wave of the pandemic, the economy is projected to grow by 3.8% in 2021…
The number of lasting unemployed people or residents who are unable to find a job for 12 months or more is on a rise in Latvia, the State Employment Agency’s Customers Services Management and Development Office senior expert Andris Maskalovs has said. “An increase is observed for the total number. This tendency is expected to…
The Uzbek government is intending to decrease the number of SOE’s by 75% until 2025. According to a new strategy, unveiled by the Cabinet of Ministers on March 31, at least 20 companies are set to conduct IPO and SPO. The number of independent members on the supervisory boards of enterprises with state shares is…
The Pension Fund of Ukraine is raising retirement age for women from April, as well as changing the requirements for length of service with regard to all retirees. Therefore, certain groups of Ukrainians will retire later than expected. The new changes are regulated by the Article 26 of the Law No. 1058 “On Compulsory State…
In 2020, expenditures of the state budget amounted to UAH 1.29 billion, up by 19.8% YoY, according to the Finance Ministry of Ukraine. “The Cabinet of Ministers has approved the report on the implementation of the State Budget of Ukraine for 2020. Thus, due to the effective mobilization of resources, the government was able to…
Compared to 2019, price index of agricultural output decreased by 2% in 2020, which was mainly due to a 4.1% drop in prices of livestock products. Price index of crop products has decreased by 0.6%. The average purchase price of meat has decreased by 4.3%. In 2020, the largest decrease in the purchase price was…
Uzbekistan is to invest $2 million into the opening of the garment factory in Kyrgyzstan, Uztekstilprom association reports. The announcement is seen as a result of negotiations between business circles of the two states that took place as part of Kyrgyz president Sadyr Japarov’s state visit in Uzbekistan on March 11. The Director of Nil-Granit,…