Prime Minister Juri Ratas and representatives of startups discussed foreign workers, how they should be welcome in Estonia and labor legislation. Ratas (Center) said startups and the IT sector more broadly had enormous growth potential and a focus on offering high value-added products. “As almost a quarter of the staff in this sector are foreigners,…
The city of Almaty could avoid strong demand for medical masks and pharmaceuticals. New domestic producers of medical masks have sprung up following the high demand in the spring, bringing the total mask output in the city to 882 thousand. There are 15 major suppliers of medical masks in the city, which have 20 million…
The Finance Ministry expects that the appointment of Andrii Kravets as Chairman of the Board of Ukrgasbank will ensure the continuation of successful operations of the financial institution, the ministry’s press service reports. “The Finance Ministry welcomes the decision of the Supervisory Board of Ukrgasbank. We hope that the appointment of Andrii Kravets as Chairman…
As of October 1, the share of non-performing loans (NPLs) in state-owned banks (excluding PrivatBank) decreased from 47.6% to 43.5%, the press service of the National Bank of Ukraine (NBU) wrote on Facebook. According to the central bank, state-owned banks have begun to implement plans to clean the balance sheets from the legacy of previous…
Compared to September 2019, manufacturing production output according to calendar adjusted data at constant prices decreased by 0.6% in September 2020. Production output decreased in electricity and gas supply by 22.7%, with a significant decrease in the volume of electricity produced in combined heat and power plants (CHP) and gas supply to consumers. In turn,…
The Kazakh delegation led by Roman Sklyar, Deputy Prime Minister, paid an official visit to Uzbekistan. The delegation met with Uzbekistan PM Abdulla Aripov, first Deputy PM Achilbay Ramatov, Deputy Prime Minister, Minister of Investments and Foreign Trade of the Republic of Uzbekistan Sardor Umurzakov. The parties reached agreements on efficient bilateral cooperation. They stated…
Governor of the Bank of Estonia Madis Muller said one of Estonia’s largest fiscal challenges in recovering from the coronavirus economical crisis was the allocation of EUR 1.5 billion in European Union support measures between investment objects. Estonia is set to receive more than EUR 1.5 billion in funds from the European Union recovery fund,…