As of January 31, the country’s external reserves hit $29.3 billion, up by 1.2% or by KZT 352 million MoM, the National Bank’s press service reported. However, assets in freely convertible currency decreased by KZT 415 million, to KZT 9.67 billion. Gold assets increased by KZT 768 million, to KZT 19.64 billion due to a…
Construction of a madrasah for girls in Suzak district of Jalal-Abad region has been suspended. As the Regional Office of the State Inspectorate for Environmental and Technical Safety reported, experts found a lot of violations. The construction of the religious educational institution for girls is funded by sponsors from Arab countries. They have allocated 25…
The share of non-performing loans (NPLs) in Ukraine’s banking system in 2019 was below 50% for the first time in three years, having shrunk to 48.4% as of January 1, 2020. “Loan portfolio quality improved across all bank groups, except for banks with Russian capital,” the National Bank of Ukraine (NBU) said on its website.…
Finance Ministry says the Supervisory Board of the Ukrainian Startup Fund has decided to provide grants to the first eight projects that presented their ideas at the first Pitch Day on January 25. Seed grants (worth UAH 1.25 million or $50,979 each) will be provided to the following companies: AeroDrone (integrated solutions based on drones);…
At a Governmental session on February 11, Minister of National Economy Ruslan Dalenov informed the attendees about the objectives set to the Cabinet in 2020. According to him, the Government had determined target indicators, which should be achieved in 2020. The first target is to increase GDP to 4.7-5%, to raise the volume of fixed…
In January, the Freeport of Riga handled 2,130,200 tons of cargo, down by 25% YoY. Transshipment of dry bulk cargo fell by 33.1%, to 1,265,000 tons, liquid bulk cargo – by 8.5%, to 259,300 tons, and general cargo – by 9.2%, to 606,200 tons. The port’s container throughput climbed by 0.2%, to 428,156 TEUs. In…
Budget commission of the Bishkek City Council has approved of a purchase of 50 buses at the expense of the capital’s budget, the First Vice Mayor of Bishkek Almaz Baketaev announced at a planned meeting at the City Hall. He instructed the head of the Bishkek Passenger Transport Enterprise Nurlan Koichubakov to speed up the…