Opposition parties are calling on the government to help mitigate the effects of rising electricity prices after new records were set several times last week. Last week, the government said it did not have plans to control rising prices. Both Isamaa and the Social Democratic Party (SDE) initiated bills on September 20 to lower the…
It is proposed to double the size of the authorized capital of pawnshops – from 500,000 to 1,000,000 soms. The Ministry of Economy and Finance of Kyrgyzstan submitted the corresponding amendments to the resolution of the Cabinet of Ministers for public discussion. The ministry noted that the licensing of pawnshops began in July 2017. Then…
The Islamic Development Bank (IDB) and the OPEC Fund for International Development are set to help Uzbekistan with the development of rural settlements and allocate loans worth $200 million and $75 million, respectively. According to a recent decree inked by President Shavkat Mirziyoyev, Uzbekistan’s contribution to projects in rural areas would comprise $60 million. Projects…
The net profit of Ukrainian solvent banks amounted to UAH 45.6 billion in January-August, up by UAH 13 billion YoY, the press service of the National Bank of Ukraine (NBU) posted on its Telegram channel. In January-August, solvent banks received UAH 45.6 billion in net profit, up by 40%. Banks’ revenues for the first eight…
The National Bank of Ukraine (NBU) expects to start a cycle of key policy rate reduction in the second quarter of 2022. This issue was discussed at a meeting of the NBU’s Monetary Policy Committee, the central bank’s press service reported. “The NBU should be ready for a scenario in which it may have to…
On September 17, the Uzbek government adopted a resolution that provided for additional measures to reduce losses of agricultural and food products. According to the decree, a portal of the electronic agro-industrial market is set to be established within the state institution “Center for Digitalization of Agro-Industry” under the Ministry of Agriculture. The portal will…
Entrepreneurs affected by the border conflict on April 28-30 will get concessional loans at the expense of a PCR grant. This was announced at a meeting of the Committee on Budget and Finance of the Government of Kyrgyzstan. Eldiyar Doolbekov, Deputy Director of the State Agency for Budget Loan Management under the Ministry of Economy…