Ukrainian exports showed sufficient resilience to crisis developments in 2020, in contrast to previous crises, in particular due to an increase in the share of food products in its structure. The National Bank of Ukraine (NBU said this in its quarterly Inflation Report for October 2020. Unlike previous crises, Ukrainian exports in 2020 showed sufficient…
In September, the average nominal salary in Ukraine amounted to UAH 11,998, up by 12.3% YoY, according to the State Statistics Service. The average nominal salary of Ukrainians in September was 2.4 times higher than the minimum wage (UAH 5,000). Compared with August, the average nominal wage rose by 4.8%. The highest average nominal salaries…
Latvia’s gross domestic product may have declined by 4-4.7% in Q3 compared to the same period of 2019, according to bank analysts. Swedbank chief economist in Latvia Liva Zorgenfreija predicts Latvia’s GDP in Q3 may have declined by 4% YoY in Q3. At the same time, she mentioned that compared to Q2 Latvia’s economy might…
Kazakhstan’s exports and imports are expected to drop by 21.7% and by 15.5%, respectively in 2020, Akylzhan Baimagambetov, Deputy Chairman of the National Bank of Kazakhstan, has said during the Senate session on revisions to the 2020-2022 national budget. Addressing the Senate session on revisions to the 2020-2022 national budget, Baimagambetov noted that the projections…
Chernihiv Regional Council of the eighth convocation has adopted a target program for the development of tourism in the region for 2021-2027 worth UAH 23.6 million. “The program activities will be funded by the regional budget allocations provided for in the estimates of the authorized executors of the program, as well as by local budgets…
Uzbekistan exported goods worth $16 million to Germany over January-September, the State Customs Committee reported. The country’s foreign exchange earnings from exports to Germany increased by $1.5 million (10%). In particular, Uzbekistan exported to Germany fruits and vegetables for $4.8 million, textiles for $4.4 million, natural resources for $2.3 million, technological equipment for $1.2 million,…
In January-September, with reduced economic activity, general tax revenue was EUR 573.7 million or 8% short of the plan, as reported by Finance Ministry. In the first nine months of 2020, consolidated budget revenue was EUR 22.7 million or 0.3% lower when compared to the same period of 2019, reaching EUR 8,418,400. General budget revenue…