The Lithuanian Finance Ministry has revised its economic growth forecast for this year downward to 2.6%, from 2.8% previously. It also downgraded its growth projection for 2020 to 2.4% and that for 2021 to 2.3%, from the previous estimate of 2.5% for both years. In light of certain risks, the ministry forecasts that the country’s…
Ukrainian economy has been growing for the longest continuous period of nine years, First Deputy Prime Minister – Minister of Economic Development and Trade of Ukraine Stepan Kubiv stated at a meeting of the Regional Development Council in Chernivtsi region. “They, the Russian authorities, hate only one person who is the commander-in-chief and who opposes…
Georgian Prime Minister Mamuka Bakhtadze has summed up his visit to Japan, saying it has been very successful. Bakhtadze said that it was important to receive more foreign direct investments from Japan in high technology. “We have all opportunities to increase our exports to Japan 10-fold over the next five years”, he said. He said…
Looking at the amount of taxes companies pay, 55.6% of businessmen and CEOs said they were too high, 36.5% said taxes were a bit too high, whereas 7.2% said taxes were as high as they needed to be, according to data from Turiba University’s Business Index. Compared to answers provided in 2018, it can be…
Retail trade turnover in the city of Kyiv in 2018 grew by 3.4% YoY, according to the Kyiv City State Administration. “Commodity exports increased by 5.2%, the volume of direct foreign investments into the economy of Kyiv city grew by 3.5%, and capital investments – by 30.6%,” Natalia Melnyk, the director of the Administration’s Economic…
The Bishkek City Council has approved budget of the capital for 2019. The draft budget of Bishkek for 2019 provides for total expenses in the amount of 8,430,022.5 billion soms. At least 807,090 million soms are provided for capital investments. These funds will be spent on the construction of social facilities, completion of the engineering…
The volume of bilateral trade between Kazakhstan and Malaysia increased almost 4-fold compared YoY and amounted to $478 million in 2018, the Ministry of Foreign Affairs of Kazakhstan reported. Exports from Kazakhstan reached $351.7 million, while imports from Malaysia reached $126.1 million. In 1996, Kazakhstan and Malaysia opened their embassies in Kuala Lumpur and Almaty,…