In January-September 2016 the level of the shadow economy in Ukraine totaled 35% of official GDP, down by 5 YoY. This is stated in a report developed by the Ministry of Economic Development and Trade. According to the ministry, the process of de-shadowing became possible due to certain factors: relative macroeconomic stability; business climate improvement…
The main task of the Ukrainian government for 2017 is to accelerate economic growth so that people can feel the improvement in the quality of their lives, Prime Minister of Ukraine Volodymyr Groysman stated. “Our task for 2017 is to continue accelerating economic growth. And so the plan for 2017 – a budget we’ve approved…
The refinancing rate of the National Bank of the Republic of Belarus (NBRB) was reduced from 17% to 16% per annum on February 15, the NBRB Information and PR Office reported. Apart from that, the interest rate on standing and bilateral operations designed to keep up the current liquidity of Belarusian banks was reduced from…
Closed Joint-Stock Company Tajprombank (Tajik Joint-Stock Commercial Industrial Bank for Reconstruction and Development), one of Tajikistan’s distressed commercial banks, does not hurry up to pay out savings to its customers. The customers complain that they cannot take their money from the bank, although it received 450 million somoni from the government at the beginning of…
President Emomali Rahmon held a meeting with senior representatives of the Dushanbe administration. The meeting took place at the Kokhi Borbad State Complex and members of the government, parliamentarians, heads of financial institutions as well as representatives of the public and journalists also attended the meeting. The meeting focused on issues related to seeking solution…
At least 44.2 million kilowatt-hours of electricity or 11.6% was saved in Bishkek in January, press service of Severelectro JSC reported. According to it, in January, all consumers of Severelectro saved 81.8 million kilowatt-hours of electricity, or 10.1% of the plan. They totally consumed 722.8 million kilowatt-hours. However, it is still 56 million kilowatt-hours more…
S&P Global Rating (S&P) has assessed the banking system of Ukraine as highest-risk system under its Banking Industry Country Risk Assessment (BICRA), S&P has said in its report. “The economic risk in the Ukrainian banking system remains one of the highest in a global comparison, as reflected in our score of ’10’ (the highest-risk systems),…