According to information released by Statistics Estonia, GDP grew by 4.5% YoY in the first quarter of 2019. The seasonally and working day adjusted GDP grew by 0.5% compared with the previous quarter and by 4.6% compared with the first quarter of 2018. Economic growth was driven by manufacturing. The last time that manufacturing had…
Declaring default will stop Ukraine’s economic growth and trigger uncontrolled inflation. “Over the past week, many different statements have been made, including on declaring default. What does default mean? It means zeroing the incomes of Ukrainians, uncontrolled inflation, cessation of economic growth, unclear exchange rate of the national currency. I want to say: this is…
Ukraine’s debt repayments in May-December are estimated at $6.3 billion, including $3.5 billion in foreign debt and $2.8 billion in government bonds denominated in foreign currency. “One of the strongest challenges will be the repayment of state debt in foreign currency,” Chairman of the Council of the National Bank of Ukraine Bohdan Danylyshyn wrote on…
About 20.1% of Georgia’s population is under the absolute poverty line, shows the latest data of 2018 poverty indicators published by the National Statistics Office of Georgia (Geostat). Georgia’s population has slightly decreased, reaching 3,723,500 people as of January 1, says another data from Geostat. Most people under absolute poverty line live in the country’s…
In January-March at least 74,900 unemployed people were officially registered in Kyrgyzstan, the National Statistical Committee reports. About 99,500 people are registered with the State Employment Service as searching for a job. Compared with 2018, the figure increased by 19.2%, while the number of unemployed increased by 28.3%. Most of the unemployed live in Jalal-Abad…
Ukraine must pay off foreign and domestic debts in the amount of over $5 billion, that’s why the cooperation with the International Monetary Fund (IMF) is extremely important, Governor of the National Bank of Ukraine (NBU) Yakiv Smolii stated at the meeting of President of Ukraine Volodymyr Zelensky with IMF Mmission Chief for Ukraine Ron…
During the first quarter of 2019, the average gross monthly wage in Estonia stood at EUR 1,341, up by 7.9% YoY, according to Statistics Estonia, though down by 3.2% QoQ. Average Q1 2019 monthly gross wages/salaries by month were: January – EUR 1,309, February – EUR 1,317 and March – EUR 1,396. As well as…