Large and medium-sized enterprises of Ukraine received UAH 353 billion of profit in 2018, according to the Economic Development and Trade Ministry. “Large and medium-sized enterprises in Ukraine improved their financial results in 2018 compared to 2017. Well done, as profitability grew by 4.1%, they earned UAH 580 billion, while losses decreased by 16.4%, to…
S&P Global Ratings predicts the hryvnia, Ukraine’s national currency, will have weakened against the U.S. dollar to UAH 28.6 by the end of 2019. The hryvnia is expected to drop to UAH 29.5 per dollar in 2020, to UAH 30 in 2021, and to UAH 30.5 in 2022, according to the agency’s press release. Ukraine’s…
In Ukraine, business needs macroeconomic stability, the rule of law, the eradication of corruption and the protection of investments and property, President of the American Chamber of Commerce in Ukraine Andy Hunder said at a meeting with business representatives, held with the participation of President Petro Poroshenko. “Business wants to see economic stability. Reforms should…
Uzbekistan and Kazakhstan are planning to increase the volume of mutual trade to $4 billion. Nowadays, Kazakhstan and Uzbekistan carry out joint projects and cooperation programs in such areas as mechanical engineering, electrical engineering, food industry, tourism, transport and logistics. Recently, the volume of trade between the two countries has grown at a high rate.…
The volume of remittances through digital services and PrivatBank offices in 2018 grew by 25% YoY, to $2.6 billion. Over 60% of remittances were received exclusively via digital services, according to the bank’s press service. Referring to the statistics of the National Bank of Ukraine on $5.67 billion of money transfers through official channels, PrivatBank…
In 2019, real GDP growth is expected to be around 3.7% in Kyrgyzstan, report of the National Bank says. Excluding the enterprises developing Kumtor mine, the growth will be about 3.8%. Production at Kumtor in 2019 is expected to be equal to the production level of 2018. In 2020, real GDP growth is forecast at…
In 2018, the proceeds from the tourism industry into the state budget of Ukraine increased by 250%, to UAH 4.2 billion. “The local authorities have significantly increased spending on tourism development owing to the decentralization reform. Kyiv had only UAH 300,000 in 2014, and today it has more than UAH 12 million; Odesa had 0,…