In 2020, financial companies issued loans worth UAH 48 billion to individuals, up by 10% YoY, according to Oleksandr Zaletov, Head of the Financial Companies Supervision Department at the National Bank of Ukraine. “At present 775 financial companies have a license to issue loans, but only a third of them provide these services to individuals.…
Ukraine’s Finance Ministry borrowed UAH 4.593 billion, or $164.085 million, for the national budget at the latest weekly auction to place government domestic loan bonds held on April 20. Funds in hryvnias were raised through the sale of four packages of securities worth UAH 33.03 million ($1.179 million), UAH 4.405 billion ($157,369 million), UAH 2.59…
In 2020, general government budget deficit accounted for EUR 1.3 billion or 4.5% of the Gross Domestic Product (GDP) and general government consolidated gross debt amounted to EUR 12.7 billion or 43.5% of the GDP. Under the impact of Covid-19 pandemic in 2020 general government revenues, compared to 2019, reduced by 0.4% and comprised EUR…
Registered unemployment rose from 5.8% to 8.7% YoY as of the end of the first quarter of 2021, particularly in more rural counties, which had been hit hard by the ongoing economic effects of the pandemic even if their reported coronavirus rates were not as high as other areas. Women, too, have been hit more…
An interdepartmental working group was formed to develop a draft of a new version of the Tax Code, the Ministry of Economy and Finance of Kyrgyzstan reported. The main goal is to adapt the tax legislation of Kyrgyzstan to modern economic conditions and create favorable conditions for activities of taxpayers. It is planned to simplify…
Energy Ministry of Uzbekistan has 19 inked an Investment Agreement for the construction of a new thermal power plant (TPP) in the Surkhandarya region and a Power Purchase Agreement with the Dutch company Stone City Energy. The $1.2-billion, 1,560MW TPP is set to be commissioned at the end of 2024. Stone City is to design,…
The Deposit Guarantee Fund of Ukraine accumulated UAH 14.835 billion as of April 1, the Fund’s press service reported. “The total amount of funds accumulated by the Fund reached to UAH 14,835.4 million as of April 1. Revenues from regular fees transferred to the Fund in January-March came to UAH 1,113.6 million,” reads the report.…