The banking sector of Ukraine is currently high earning and profitable and, therefore, sufficiently resilient to any macroeconomic surprises. “The banking system is much better today than during the 2008 or the 2014 crises, and it is now more prepared for macroeconomic surprises,” Olena Korobkova, Executive Director of the Independent Association of the Banks of…
Imports of goods rose by 9% YoY, in January, whereas exports fell by 1%, according to new figures from government agency Statistics Estonia. While overall exports declined, there was an increase in the exports of agricultural products and food preparations, and in particular, cereals, Statistics Estonia said. Estonia’s exports of goods amounted to EUR 1.14…
Interconnectedness of markets through trade and financial operations determines the impact of volatility in the main partner countries on financial indicators in Kyrgyzstan, the National Bank of the country has reported. Under the current conditions, the measures of the National Bank are aimed at mitigating the negative impact of external shocks on the economy of…
SCAT airline company is suspending flights to Mongolia amid coronavirus outbreak. “By decision of the National Emergency Management Agency of Mongolia, the country is suspending transport connections with other countries,” the company said. The company explained that the flights on the Nur-Sultan – Ulaanbaatar were suspended from March 11 till April 30. On March 10,…
In February, consumer prices in Ukraine decreased by 0.3% MoM, according to the State Statistics Service. “Consumer prices in February decreased by 0.3% compared to January and by 0.1% since the beginning of the year. Core inflation in February made up 0.1% compared to January and 0.3% since the beginning of the year,” reads the…