“Risks of economic downfall remain high, given the increase in the number of new cases of the virus abroad and uncertainty about the timing of vaccination,” Aigul Berdigulova, a Senior Analyst at the Eurasian Development Bank (EDB), has declared. According to her, worsening dynamics in the industry and construction sector led to acceleration of the…
Compared to Q4 2019, gross domestic product (GDP) decreased by 1.4%, according to seasonally and calendar non-adjusted data in Q4 2020. According to provisional estimations, the GDP was affected by output rise in producing sectors of 3.7%. In services sectors there was a drop of 3.2%, according to the flash estimate from the Central Statistical…
Prime Minister Denys Shmyhal has said that the Ukrainian government aims to raise the average salary in Ukraine to the level of Poland or Slovakia until 2030. “In December 2020, real salaries increased by 10% YoY and amounted to UAH 14,200. The most important task set by the Government is to raise average salaries until…
Ukrainian exporters, interested in entering the Egyptian markets, will benefit significantly from the establishment of joint ventures with localization of production in this country. “The establishment of joint ventures and the organization of production in the territory of Egypt can provide Ukrainian companies with access to a market of 1.3 billion consumers with a total…
New excise duty rates for ethyl alcohol and certain types of alcoholic beverages have been established in Kyrgyzstan, the State Tax Service reports. It was done to harmonize excise duty rates with the countries of the Eurasian Economic Union. Excise taxes on vodka and alcoholic beverages, strong drinks were increased from 100 soms to 120…
Teachers, assistant teachers and nannies of pre-school education institutions and special education institutions will be paid single-time benefit for work performed during Covid-19 pandemic, as reported by the Education and Science Ministry. The government has allocated EUR 6.3 million from the state budget program for emergencies. The total size of the single-time benefit per hourly…
Bank of Estonia governor Madis Muller said Estonia invested less in innovation and digital solutions than the European Union average, which endangered the country’s competitiveness in the long run. Speaking at a joint investment seminar of the Bank of Estonia and the European Investment Bank (EIB), Muller emphasized that in order to maintain Estonia’s competitiveness,…