Sugar production in Ukraine halved in the past five years, the Association Ukrainian Agribusiness Club (UCAB) reported. “In 2020, some 982,000 tons of sugar was produced in Ukraine, down by 34% YoY and half the volume of production five years ago. The causes behind this reduction were a decrease in the production of sugar beets…
In January, migrants transferred $151.5 million to Kyrgyzstan, down by $65.5 million MoM. The National Bank of Kyrgyzstan presented such data. Compared to January 2020, the figure increased by $3 million. Russia accounts for more than 97% of remittances – $146.9 million. $1.1 million was transferred from other states to the Kyrgyz Republic and $2.4…
Uzbekistan’s external debt soared to $21.2 billion, or 36.5% of GDP, as of the end of 2020. This was almost exactly in line with an October 2020 forecast of Fitch Ratings. Five years ago, the GDP ratio stood at 16%. Tashkent has justified the rising external borrowing by pointing to social demands that require urgent…
Imports rose by 13% YoY in January, state agency Statistics Estonia reported, while exports grew by 4%. Evelin Puura, Statistics Estonia leading analyst, said the primary contributor to foreign trade in January was the increased trade in oil products and mineral fuels, partly the result of higher prices global crude oil prices. Meanwhile, the largest…
On March 10, the State Treasury issued ten-year bonds on financial markets on Latvia’s behalf, raising financing of EUR 1.25 billion. The ten-year bonds have profitability of 0.105% and a coupon rate 0.000%, which is historically the lowest level of long-term bond profitability and coupon level achieved for Latvian state bond issue on international financial…
Ukraine is implementing 40 projects in cooperation with international financial institutions (IFIs), the press service of the Finance Ministry has reported referring to data as of March 1. The total amount of loans under joint programs is EUR 5.66 billion and $3.09 billion. Of these funds, $1.73 billion and EUR 1.69 billion have been already…