Trade between Ukraine and the EU has increased by 60% in the past three years, President of Ukraine Petro Poroshenko said during his speech at the panel discussion “Security in Eastern Europe” within the framework of the Munich Security Conference. The president noted that Ukraine’s external trade with EU countries accounted for 43%. “Europe for…
Real GDP of Ukraine increased by 3.4% in the fourth quarter of 2018 compared to the same period in 2017, the State Statistics Service of Ukraine has reported. Real GDP in the fourth quarter of 2018 increased by 1.1% QoQ (taking into account a seasonal factor), and by 3.4% compared to the fourth quarter of…
The free trade deal signed between Georgia and Hong Kong has come into effect. The deal was signed back on June 28, 2018, within the framework of the Belt and Road summit in Hong Kong, the Georgian Ministry of Economy and Sustainable Development reports. It will enable Georgian entrepreneurs to provide their produce to Hong…
Finance Ministry in 2018 borrowed UAH 286.5 billion, or $10.6 billion, to finance the deficit of the national budget. In particular, foreign loans were estimated at UAH 112.3 billion ($4.2 billion), while domestic borrowings totaled UAH 174.2 billion ($6.4 billion), according to the ministry’s website. The Finance Ministry also informed about the structure of last…
The rate of long term unemployment in Estonia in 2018 was the lowest for 20 years, according to government agency Statistics Estonia, with the labor force also increasing in size. The average unemployment rate for the whole year was 5.4% in 2018, the agency says, with the labor force participation rate 71.9%, and the employment…
Last year, the growth of capital investment in Ukraine was almost 20%. “Inflation slowed down to a single digit level, and the growth of capital investments was almost 20%. Last year, 957 industrial and production facilities were repaired and reconstructed, giving new products and new jobs,” Ukrainian Prime Minister Volodymyr Groysman said at the Cabinet’s…
Kazakhstan’s foreign trade turnover in 2018 comprised $93.5 billion, up by 19.7% YoY, the Statistics Committee of the National Economy Ministry reported. The volume of export in the reporting period made $67 billion (+25.7%) and import was $32.5 billion (+9.9%). (Kazinform/Business World Magazine)