Prices for industrial products fell by 18.1% over the past six months of current year in Kazakhstan, the Statistics Committee reported. While the mining sector has seen prices falling by 34%, the manufacturing sector reported an increase of 0.5% in its products’ prices. Industrial products lost their value by 20.3%, whereas industrial services went up…
The Business Activity Outlook Index (BAOI) calculated by the National Bank of Ukraine (NBU) grew by 9.6 points in June, to 45.5 points. This is lower than the neutral index reading of about 50 and means that pessimistic expectations of business prevail, the regulator said on its website. “Ukrainian business is gradually recovering from the…
Latvia’s gross domestic product (GDP) will decline by 7.3% this year. Next year the country’s economy will grow by 4.7%, according to international ratings agency Moody’s Investors Service, Inc. (Moody’s). According to Moody’s estimates, Latvia’s credit rating, which is at A3 level, is supported by three main factors – flexible and relatively varied economy, the…
A total of 69% of Ukrainians have experienced the economic impact of the coronavirus COVID-19 pandemic. “Almost a third of respondents reported losing their jobs, while over half spent their savings and cut their expenses on food. People from rural areas, industrial workers and households with unemployed members suffered the most,” according to a survey…
Ministry for Development of Economy, Trade and Agriculture says the share of the shadow economy in 2019 fell by 3% against 2018, from 31% to 28% of the country’s official GDP. The figures are mentioned in the report titled “General Trends of the Shadow Economy in Ukraine”, which was posted on the ministry’s website. The…
As of June 19, the annual inflation rate fell to 6.1% after it reached the level of 8.6% in April, the National Bank of Kyrgyzstan reported. Weakening of domestic demand determines the downward dynamics of inflation in the country. The National Bank noted that the slowdown in inflation occurred mainly due to a decline in…
In May, the average nominal salary in Ukraine amounted to UAH 10,542, up by 3% YoY, according to the State Statistics Service. “The average nominal salary of a full-time employee of enterprises, institutions and organizations made up UAH 10,542 in May, up 2.2-fold from the minimum wage (UAH 4,723). The average nominal salary increased by…