The Board of the Central Bank of Uzbekistan has decided to raise the refinancing rate to 14% from 9%, the press service of the bank said in a message. “This decision was made due to the acceleration of inflation for the past period and the need to limit the increased inflationary risks,” the message said.…
Practical steps taken within the framework of the monetary reform of Turkmenistan made it possible to increase confidence in the national currency, the Turkmen manat, the country’s President Gurbanguly Berdimuhamedov said. He made the remarks at a meeting with representatives of the financial and banking sphere in Turkmenistan. The increased confidence in the Turkmen national…
First Ukrainian International Bank (FUIB) presented the annual report on the results of the bank’s work in 2016. “We abandoned the format that is traditional for banks annual results and used a creative approach to the preparation of the annual report. In addition to information on the bank’s activities, we also analyzed the main figures…
In May Ukrainian flour production amounted to 139.26 KMT that is somewhat more than at the same time last year (up by 3.7%). Nevertheless, Ukraine’s flour output for the five months of the current year decreased by 1.5% YoY, to 762.97 KMT. Still, the drop in production of wheat and wheat-rye flour was not so…
In relation to the possibility of purchasing a new home, Latvian residents view EUR 100,000 as the “pain threshold”. The critical border for new project apartments is 1,300 EUR/square meter. For standard apartments it is 1,000 EUR/square meter. For private homes it is 1,600 EUR/square meter, according to results of a study by PrivatBank. Lately…
Belarus, Sudan and Egypt are considering the possibility of using mechanisms of non-monetary discharge of foreign trade obligations in mutual trade, the State Property Committee reported. Representatives of the National Bank of Belarus, Belarusbank, and GO Belresursy held talks in Khartoum and Cairo. The parties agreed that non-monetary discharge of obligations in the export of…
Pharmacy sales in Ukraine in January-May increased by 18% in monetary terms compared to the same period in 2016, to UAH 26.573 billion. Pharmacy sales in physical terms grew by 11%, to 620.2 million packages, the Business Credit company reported. In particular, retail sales of medicines increased by 17% in monetary terms, to UAH 21.659…