The Verkhovna Rada of Ukraine has adopted as a basis and in its entirety a bill ratifying the financial agreement “Ukraine Recovery Programme” between Ukraine and the European Investment Bank (EIB) on a EUR 340-million loan, Minister of Communities and Territories Development of Ukraine Oleksiy Chernyshov has said. “Ukraine Recovery Programme is a continuation of…
Georgia received $201.9 million from abroad in June, up by 19.3% YoY, the National Bank of Georgia reported. Russia ($39.08 million), Italy ($31.70 million) and the United States ($24.98 million) were the largest remittance senders in June. Overall, the vast majority (94.3%) of all money transfers from abroad came from 19 countries. Last month, remittances…
Lithuanian banks will be making more thorough checks of international payments to Belarusian companies that might fall under the EU sectoral sanctions. The checks are needed to enforce the European Union’s targeted economic sanctions on Belarus, the Association of Lithuanian Banks (LBA) says. Bank clients are warned that financial institutions might ask to provide additional…
Estonia’s state spending in the first five months of 2021 was not as excessive over revenue as planned in the state budget. On July 14, the Estonian public broadcaster reported that from January to May general government budget deficit reached 1.6% of the gross domestic product and was EUR 467 million. Set against the end…
During the summer tourist season, the Issyk-Kul International Airport accommodated its first flight from Moscow on July 15, press service of Manas International Airport reported. Aeroflot airline plans to operate Moscow – Tamchy – Moscow flight three times a week – on Mondays, Thursdays and Saturdays. The pricing policy is determined by airlines that sell…
Uzbekistan has earlier announced the opening of an orderbook for an $870-million dual-tranche eurobond denominated in dollars and local currency. Deputy Head of the department for operations with international financial markets of the Finance Ministry Aziz Sodikov has briefed about the government plans, towards which spheres the revenue received from eurobonds would be used. The…
The Estonian units of SEB ended the first half of 2021 with a profit of EUR 50.7 million, up by 23.3% YoY. Compared to the first half of 2020, the bank’s revenues increased by 0.4%, to EUR 85.6 million, while expenses declined by 5%, to EUR 28.9 million. SEB’s loan portfolio increased by 2.4% in…