The National Bank of Georgia has sold $20 million to stabilzse the Georgian lari amid its depreciation. As of now, $1 costs 3.0404, while 1 EUR costs 3.4177 GEL. In 2020, the National Bank of Georgia carried out seven foreign exchange interventions in total selling $209.65 million. Back in January the cost of $1 was…
Under influence from COVID-19 crisis the number of employed people in Latvia may decline by 7.5% or by 69,000, whereas the unemployment level in 2020 may increase to 11%, according to the report from Economy Ministry on the medium and long-term outlooks for the labour market. The ministry notes that along with the rapid spread…
A total of 56,000 enterprises have taken the opportunity of partial unemployment benefits and 131,000 employees have already received financial assistance from the state, according to Economy, Trade and Agriculture Development Minister Ihor Petrashko. “Some 56,000 companies have benefited from the partial unemployment program: 131,000 people receive assistance,” Petrashko said at a briefing. According to…
About 202 million GEL ($66.12 million or EUR 58.37 million) will be spent on 67 water and sewerage infrastructure projects throughout Georgia in 2020 that will benefit about 779,625 people, the United Water Supply Company of Georgia has announced. “Currently, the United Water Supply Company of Georgia is implementing 34 large-scale infrastructure projects, and 33…
The Cabinet of Ministers, Ukraine’s government, plans to introduce a funded pension system in Ukraine from 2021 and stimulate the development of a private pension system. The Cabinet also intends to adapt to the EU laws Ukrainian legislation on private pension funds to enhance protection of property rights and interests of pensioners, according to the…
Director of Expert Assessments Institute Viacheslav Butko has said the official forex rate of the hryvnia, Ukraine’s national currency, will remain stable in summer thanks to financial assistance from the International Monetary Fund (IMF) and the European Union. “Since we have received an IMF loan and we have received financial assistance from the EU, we…
The first meeting of the public council on the development of ecotourism of the Ile-Alatau National Park was held in Almaty. The public council consists of 19 members including representatives of tourism organizations, scientists, athletes, businessmen, eco-activists and public figures. The meeting was opened by Yerlan Nysanbayev, Deputy Minister for Ecology, Geology and Natural Resources.…