Newsletter #Ukraine

www.german-economic-team.com/en/newslette...

On the other hand, the IT sector generates significant export revenues. IT service exports accounted for 39% (!) of total service exports in 2022.
#Ukraine

However, this employment stability comes with costs: As subcontracting individual entrepreneurs are subject to tax preferences, the overall tax revenue from the IT sector has been lower in 2022 than its size and activities would otherwise suggest. #Ukraine

#Ukraine's IT sector has developed strongly between 2016 and 2022 and also showed resilience in face of the war. An increasing number of individual entrepreneurs fully covered the loss in regular employment.

#Ukraine #Newsletter

A detailed review of the #Belarusian economy can be found in our Economic Monitor.
www.german-economic-team.com/en/economic-...

On December 4th, #Minsk Forum wil take place in #Berlin. In the economics panel, the impact of sanctions on #Belarus, as well as state and future of the economy will be explored

Reorientation of #export destinations to non-#Western markets can offset the decline in trade with European and other Western partners. However, it also leads to a high dependence on the #Russian market.

#Inflation had been tamed a little during the course of the first half of 2023, however, it will likely accelerate again and be at 7.5% yoy at the end of the current year.
#Belarus

However, this recovery comes with a caveat: Growth is concentrated in traditional, largely low #innovative sectors, whereas future-oriented segments of the economy, such as #ICT, showed an abysmal performance.
#Belarus

#Belarus is showing strong signs of #economic recovery after the deep recession in 2022 in wake of the sanctions.

www.german-economic-team.com/en/newslette...

Out now at the Journal of European Integration:
"EU trade liberalisation, sectoral coalitions and development: insights from Moldova and Georgia" by Julia Langbein (ZOiS), Denis Cenusa, and Irina Guruli.
www.tandfonline.com/doi/full/10....