The United States has increased COVID-19 related funding for Ukraine by $1.8 billion. “Earlier this month, the United States announced an increase in COVID-19 related funding for Ukraine, from $15.5 million to nearly $17.3 million. The newest funding of nearly $1.8 million will support the International Organization for Migration’s activities in eastern Ukraine, supporting internally…
Over half of the enterprises that make up Georgia’s packaging value chain lost more than 50% of their income to lockdown and 83% considered the pandemic a significant threat to their continued operation, said a new study of the European Union and the United Nations Development Programme (UNDP) based on interviews with over 500 companies.…
The volume of non-cash payments in May grew to 55.5% of all operations from 50.3% in January, and their number increased to 87% from 82.4%, the press service of the National Bank of Ukraine (NBU) reported on its Facebook page. “During the quarantine, non-cash payments proved their safety and convenience. Therefore, the choice of Ukrainians…
Many Finnish companies are currently re-evaluating the internationalization plans due to the COVID-19 pandemic, a source in Finland’s Ministry of Foreign Affairs has reported. The official said that focus areas for Finnish businesses in Kazakhstan were energy, cleantech, digitalization and education. “For instance, in education, the last few years saw an opening of an innovative…
The estimated real gross domestic product (GDP) declined by 16.6% YoY in April, the National Statistics Office of Georgia (Geostat) reported. GDP declined by 3.6% in the first four months of 2020. In April, the estimated real growth compared to the same period of the previous year was posted negative in almost all activities, while…
Ukraine’s international reserves grew by more than $3 billion in June, according to Prime Minister Denys Shmyhal. “Now they amount to more than $28.5 billion. This is the highest level of reserves in the last eight years. Current reserves cover almost five months of imports, and this is one of the key factors of macro-financial…
Ukraine’s gross domestic product (GDP) decreased by 5.9% YoY in January-May, according to the latest Economic Activity Report released by the Ministry for Development of Economy, Trade and Agriculture. In particular, the reduction of ISP (consolidated index of goods and services production by main economic activities) totaled 7.3% (a 6.7% decline in January-April) and respectively…