Ukrainian banks will open new accounts to their customers, using international bank account numbers (IBAN) from August 5. Banks will change existing numbers of accounts, preserving the existing number of analytical accounting, the National Bank of Ukraine said on its website. From November 1 the use of IBANs will be mandatory for customers of all…
The average interest rate on housing loans in Estonia was 2.6% and the average rate for corporate loans 2.9% in June, which might indicate reduced competition in some segments of the loan market, Bank of Estonia economist Raido Kraavik said in the central bank’s statement on June banking sector statistics. The average rate of 2.6%…
Informal employment makes up more than 60% of the labor market in Kyrgyzstan. The International Labor Organization provides such data. Informal employment is the so-called black labor market, not covered by government regulation. It involves non-recognition of the rights of workers, their vulnerability, poverty, and lack of development prospects. Informal employment reaches 29.6% in Kazakhstan,…
In June the trade turnover between Turkey and Azerbaijan increased by $644.300 million YoY and amounted to $789.259 million, a source in the Ministry of Commerce of Turkey reported. “In June Turkey’s exports to Azerbaijan amounted to $598.551 million, and imports from Azerbaijan – to $190.708 million,” the ministry said. The ministry noted that the…
Wage arrears worth UAH 54.8 million have been repaid to employees of the state-owned Mykolaiv Shipbuilding Plant, the Ukrainian presidential press service has reported. During his working visit to Mykolaiv region on July 17 President Volodymyr Zelensky was informed about wage arrears to employees of the enterprise. The head of state instructed Director General of…