A significant increase in the minimum wage in Ukraine may affect macroeconomic indicators and inflation in general, according to the National Bank of Ukraine (NBU), Deputy NBU Governor Dmytro Sologub has said. “If there is an increase in the minimum wage and it is significant enough, it will affect macroeconomic indicators, budget indicators, inflation and…
Baiterek Holding through its subsidiaries – KazakhExport and the Development Bank of Kazakhstan – continues to actively support Kazakh exporters. Over six months of 2020, the export insurance company KazakhExport provided insurance support to 49 exporters (13 of which received support for the first time) in the amount of KZT 26.4 billion. In 2019, the…
The government is expecting a 3% budget deficit due to the impact of the coronavirus and the crisis, which followed it, Dmitri Jegorov, undersecretary of Tax and Customs Policy at the Ministry of Finance, has said. Jegorov said: “We reckon with a fall of 3% in the government sector, which means hundreds of millions of…
In May, migrants transferred $165.3 million to Kyrgyzstan, twice as much as in April, the National Bank reported. Compared to May 2019, the figure decreased by $29 million, or by 15%. Compared with December 2019, the decrease is $49.6 million, or 23%. In 5 months, at least $699.32 million have been transferred to the republic.…
Acting Energy Minister of Ukraine Olha Buslavets has signed an agreement on the contribution between Ukraine and the EBRD on participation in the Eastern Europe Energy Efficiency and Environment Partnership (E5P), the ministry’s press service has reported. “The signing of the agreement will allow Ukraine to continue its participation in the E5P Fund. Such interest…