Ukraine’s largest state-owned PrivatBank said Ukrainians in 2019 received $1.16 billion from abroad via money remittance systems through the banks’ services. In particular, major money transfers to Ukraine via PrivatBank arrived from the United States ($194 million), Israel ($169 million), Italy ($107 million), Russia ($97 million) and Poland ($73 million), the bank’s press service reported.…
Ukrainian Minister for Development of Economy, Trade and Agriculture Tymofiy Mylovanov believes that in the current conditions the National Bank of Ukraine (NBU) has every reason to reduce its key policy rate to 7% before the middle of 2020, rather than at the end of the year the regulator projected earlier. “According to the National…
Turkmenistan’s electricity exports to Uzbekistan decreased 13-fold on February 21, Uzbekistan National Power Networks LLC reported. On February 21, an accident occurred in the power system of Turkmenistan between the substations “Mary” and “Serdar”. As a result, electricity supplies from Turkmenistan fell from 780 megawatts to 60 megawatts. Due to the malfunction of the power…
The exceptionally warm winter this year has had a negative effect on economic growth, says a senior economist from Swedbank. The fall in logging activity and energy generation, which the mild conditions have brought, have not been mitigated by any improvements in construction or agriculture, Liis Elmik, Swedbank senior economist, has said. “While predicting the…
Above 550,000 square meters of housing will be built in East Kazakhstan this year. Last year the region built 443,000 square meters of housing. 1,000,000 square meters of housing will be constructed in years to come to meet the people’s demand. Besides, this year a 300-seat school in Abai district, a kindergarten, a sports complex…
The State Road Agency of Ukraine (Ukravtodor) has hosted a meeting of the delegation of German experts on infrastructure development chaired by Rainer Bomba, the former State Secretary at the Federal Ministry of Transport and Digital Infrastructure of Germany. “Ukraine has ambitious plans backed by record funding and a clear action plan. We attract funds…
Ukraine’s agricultural products imports from the European Union in 2019 were estimated at $3.13 billion, which accounted for more than 50% of the country’s food imports in monetary terms. “Shipments from Europe in monetary terms grew from $2.695 billion in 2018 to $3.133 billion in 2019. For the first time over Ukraine’s independence, the share…