Ukraine and the United Kingdom have agreed to cooperate and share experiences in measures of governments and central banks to counter the coronavirus pandemic, Governor of the National Bank of Ukraine (NBU) Kyrylo Shevchenko has announced at his first meeting with British Ambassador to Ukraine Melinda Simmons. The parties discussed some important issues, such as…
GDP of the Kyrgyz Republic will fall by 10% in 2020 due to the coronavirus pandemic. The joint socioeconomic assessment “COVID-19 in the Kyrgyz Republic: Socioeconomic and Vulnerability Impact Assessment and Policy Response”, prepared by the Asian Development Bank, the United Nations Development Programme and the Economic Policy Research Institute in the Kyrgyz Republic’s Ministry…
Larger banks in Estonia offer next to nothing in interest on fixed-term deposit accounts, citing a lack of popularity of such accounts, low interest rates in general, as well as unfavorable conditions on the money markets, though some smaller banks have slightly more appealing rates. Fixed-term deposit volumes have nonetheless risen, the Bank of Estonia…
Considering that state support to help reduce the impact of COVID-19 crisis on the economy has already reached 9% of Latvia’s GDP, the Fiscal Discipline Council (FDP) has once again asked the government to limit new economy-stimulating measures and instead start thinking about gradual reduction of the state debt. This much was concluded by FDP…
The Ukrainian Railways Company (Ukrzaliznytsia) will develop intermodal rail shipments inside Ukraine and then in East European and Baltic countries. Within the framework of the project, it is projected to increase the throughput of the railway station Odesa-Port and develop railway infrastructure of the Odesa seaport. A respective memorandum has been signed by Ukrzaliznytsia, Germany’s…