The Union of Entrepreneurs and Employers of Poland believes that the possible outflow of Ukrainian workers to Germany could inflict serious damage to the Polish economy. On December 9, the German government approved a bill that provided for the abolition from 2020 of priority conditions in employment of own citizens and those of other EU…
The government of Kyrgyzstan has approved an Export Development Program for 2019-2022, the Information Support Department of the Cabinet of Ministers reported. The decision was made to increase the export potential of the country and the competitiveness of domestic products on the world market. The program is aimed at increasing the export of products of…
The share of Ukraine’s shadow economy totaled 32% of GDP in the first half of 2018, down by 3% YoY, the press service of the Economic Development Ministry reports. According to the ministry, the shadow economy in Ukraine declined due to maintaining macroeconomic stability, creating favorable conditions for doing business in Ukraine and preserving the…
Georgia’s economic performance remains strong, but downside risks to the outlook have increased, reads the third review of the International Monetary Fund (IMF) of Georgia’s performance under the 3-year Extended Fund Facility (EFF). The executive board of the IMF completed the third review on December 19. The completion of the review will release about $41.6…
According to a press release by SEB, purchases made on the websites of Estonian online retailers increased by almost 70% in volume over the first three quarters of 2018. Thrown in together, purchases made using cards as well as online increased in volume by some 30% this year as well. The trend is in line…
Inflation in Estonia was registered at 3.2% in November, placing it among the three EU member states with the highest inflation last month. The annual inflation rate of the euro area was down by 0.3%, to 1.9% in November, while inflation among EU member states was down by 0.2%, to 2%. The annual rate of…
Azerbaijan’s GDP volume reached almost 72.4 billion manats in January-November, up by 1% YoY, the State Statistics Committee reported. The volume of GDP per capita stood at 7,378.5 manats. In January-November, the volume of GDP produced in the Azerbaijani non-oil sector increased by 1.3%, while in the oil and gas sector there was an increase…