In January-June, government borrowings to the general fund of the state budget amounted to UAH 257.8 billion, or 76.6% of the target for this period, the Finance Ministry reported. A total of UAH 211.4 billion was raised from the placement of domestic loan bonds, including UAH 59.7 billion in foreign currency ($1.7 billion and EUR…
Moody’s Investors Service has improved Uzbekistan’s rating outlook to positive from stable, and concurrently affirmed the B1 long-term issuer and senior unsecured ratings and the (P)B1 senior unsecured MTN program ratings. “The outlook change to positive reflects demonstrated improvements to institutional capacity and policy effectiveness that, if continued, will support a higher rating. In Moody’s…
In April, migrants transferred $216.2 million to Kyrgyzstan, up by $1.9 million MoM. The National Bank of Kyrgyzstan presented such data. In four months of this year, migrants transferred $759.1 million to the country, down by $225.2 million. Russia accounts for more than 97% of remittances – $740.89 million. $4.27 million was transferred from other…
Minister of Innovative Development of Uzbekistan Ibrokhim Abdurakhmonov had a telephone conversation with Ambassador of China to Uzbekistan Jiang Yan. At the beginning of the conversation, the ambassador congratulated on the successful holding of the fifth meeting of the subcommittee on scientific and technical cooperation of the Uzbek-Chinese Intergovernmental Committee for Cooperation and highly appreciated…
At the end of May, the nominal value of Latvian state debt was EUR 13.4 billion, up by EUR 909 million or by 7.3% from the end of 2020, according to information from the Ministry of Finance. The ministry explained that the increase of the state debt was dictated by the issue of ten-year euro…
Last year, the state airline Nordica was issued an air operator’s certificate and a license to operate and had now been issued an international airline code – “ND”. Going forward, the airline can fly under its trademark and code and has developed a commercial platform. Nordica has previously flown under the flight code of the…
Latvian ministries have submitted financing requests worth EUR 1.68 billion from the next year’s state budget, as reported by Ministry of Finance. The Ministry of Finance has compiled the financing requests submitted by ministries and state institutions for priorities. In total, ministries have submitted financing requests worth EUR 1.68 billion for the 2022 state budget.…