The State Statistics Service of Ukraine has lowered the estimate of real GDP growth in the third quarter to 4.1% in annual terms from 4.2% announced earlier. The estimate of growth compared with the previous quarter, taking into account the seasonal factor, has deteriorated to 0.6% from 0.7%, according to the report. The agency says…
The areas allocated for cotton cultivation will amount to 105,000 hectares in 2020, Azerbaijan’s Agriculture Minister Inam Karimov said. According to the new subsidization mechanism, that will come into force in 2020, some 220 manats ($129) will be issued to farmers for every hectare of sown cotton, and 100 manats ($58) for each ton of…
Compared to October, the level of producer prices in Latvian industry dropped by 0.1% in November. The level of prices of products sold on the domestic market dropped by 0.5%, however prices of exported products increased by 0.3%. The level of prices both of products exported to euro area countries and of products exported to…
On December 20 the National Bank of Ukraine (NBU) put into circulation new UAH 50 banknotes, as well as UAH 5 coins that would gradually replace the relevant paper banknotes, the press service of the central bank wrote on its official Facebook page. “First of all, the National Bank intends to put into circulation 5…
Since the beginning of 2019 the budget of Zaporizhzhia city has received over UAH 2 million in revenues from tourist tax, the Tourist Information Center of the city has reported. “Over the eleven months of 2019 we have UAH 2.330 million in revenues from tourist tax,” reads the report. The tourist center noted that this…
Ukrainian Prime Minister Oleksiy Honcharuk says his government’s goal is to drastically reduce the share of the shadow economy in the near-term outlook. “The share of the shadow economy for me personally is a measure of the effectiveness of our work,” he said. “Now, according to various estimates, it makes almost half of the entire…
A recent Organisation for Economic Co-operation and Development (OECD) survey found Estonia’s economy continued to perform well, however, there were problems arising from income inequality, the private sector’s lack of technical adaptability, and the low productivity and carbon intensity of the energy sector. The report pointed out positively Estonia’s expertise in IT and digitized government…