Speaking about the results of 2018, the Prime Minister of Kyrgyzstan Mukhammedkaly Abylgaziev noted a reduction in the budget deficit, investment in the Affordable Housing program and the capitalization of Aiyl Bank. According to him, last year, the budget deficit amounted to 6.6 billion soms, or 1.2% of GDP, down by 10.7 billion soms YoY.…
As of January 1, wage arrears in Ukraine amounted to UAH 2,645.1 million, up by 11.7% YoY, the State Statistics Service of Ukraine has reported. Among the leaders in terms of wage arrears were Luhansk region (UAH 505.9 million), Donetsk region (UAH 467.3 million) and Sumy region (UAH 275.3 million). The lowest salary debts as…
Ukrainian First Deputy Prime Minister and Minister of Economic Development and Trade Stepan Kubiv said that the country’s gross domestic product grew by 3.4% YoY in 2018. “Statistics, which will be announced in February, will show stabilization, and growth of the Ukrainian economy by 3.4%,” he said at a meeting of the Ukrainian parliament’s faction…
Azerbaijan is preparing rules for switching to electronic cash registers, a source close to the project reported. All work in this direction will be coordinated by the ministry of the country. “After the rules have been prepared and criteria determined, it will become clear when and how the transition to electronic cash registers will be…
In 2018, the trade turnover between Azerbaijan and Germany increased by 61% YoY, Azerbaijani Deputy Economy Minister Rufat Mammadov said at the eighth meeting of the Azerbaijani-German high-level working group in Baku. The deputy minister noted that relations between the two countries were developing positively. Mammadov noted that Azerbaijan’s share among Germany’s partners in the…
Ukraine’s national budget in 2018 saw a deficit of UAH 59.248 billion, or $1.865 billion, up by 23.7% YoY (UAH 47.882 billion, or $1.507 billion). The country’s consolidated budget over the period under review saw a deficit of UAH 68 billion ($2.14 billion), up 1.6-fold, according to Ukraine’s Treasury Service. (UNIAN/Business World Magazine)
The size of non-observed (hidden and informal) economy in the sphere of production in 2017 amounted to 125.2 billion soms, or 23.6% of Kyrgyzstan’s GDP, the National Statistical Committee of Kyrgyzstan says. According to it, the decline in the share of the non-observed economy to GDP was recorded in the wholesale and retail trade and…