Armenia is still among countries having a low burden of foreign debt, but in the current coronavirus-related conditions an increase of the debt is unavoidable, Finance Minister Atom Janjughazyan has said while commenting on the bill to amend the budget. “The proposed scenario implies a 324-billion dram deficit. To fund this deficit we are considering…
Approximately 90,000 people, double the current number, may be unemployed in Estonia by the end of summer, according to CEO of the Unemployment Insurance Fund Meelis Paavel. “The number could double compared with the one present,” Paavel said. “The forecasts have been made so that we would be able to take into consideration such a…
Large- and medium-sized enterprises in Ukraine received UAH 422.235 billion, or $15.5 billion, in profit before tax in 2019, up by 26% YoY. Financial performance of Ukraine’s profitable enterprises grew by 10%, to UAH 596.284 billion ($21.9 billion), while that of loss-making companies shrank by 15%, to minus UAH 174.050 billion ($6.4 billion), according to…
Unemployed aid benefit may be paid to Latvian residents for a period of four months and its maximum amount will be set at EUR 130, as confirmed by Latvian Welfare Minister’s advisor for communication affairs Janis Zarins. As previously reported, finance minister’s work group for support of entrepreneurs discussed the option of adopting such a…
Minister of Foreign Affairs of Ukraine Dmytro Kuleba and Minister of Foreign Affairs and International Cooperation of the United Arab Emirates His Highness Sheikh Abdullah bin Zayed Al Nahyan agreed on the implementation of joint investment projects in priority areas. A telephone conversation between the two ministers took place on April 16, the press service…
Georgia’s external trade turnover amounted to $2.77 billion in January-March, up by 2.7% YoY, showed preliminary data from the National Statistics Office of Georgia (Geostat). The value of exports decreased by 5.9% and reached $778.2 million, while imports decreased by 1.4%, amounting to $1.99 billion. The trade deficit of Georgia in January-March amounted to $1.23…
The Estonian Association of the Club of Rome, an organization made up of former and current government leaders, bureaucrats, politicians, business leaders and other experts, says that economic recovery in the aftermath of the coronavirus pandemic will create an opportunity to switch to a predominantly circular economy, meaning a system which focuses on the continual…