The Parliament of Georgia has approved an updated state budget of Georgia, which is now planned with a 7.7% economic growth forecast instead of 3.4%. In addition, the deficit has been lowered from 7.6% to 6.9% and the government’s debt has been lowered to 54.6%. “The government raises taxes by 1.11 billion GEL and boosts…
Kyrgyz-Iranian Business Forum started its work in Bishkek. More than 140 companies and representatives of economic departments of both republics take part in it. The delegation of Iran intends to discuss issues of Kyrgyz-Iranian cooperation, possible investment projects, determine commodity items for mutual trade, creation of joint ventures, in particular the opening of a plastic…
The Cabinet of Ministers of Ukraine will allocate UAH 106 million from the reserve fund of the state budget for the restoration of aircraft used in emergencies and other civil defense tasks. The relevant decision was initiated by the Ministry of Economy. “The Government is constantly taking measures to prevent threats to the lives of…
The Ukrainian Finance Ministry on July 20 raised UAH 7.75 billion to the state budget at an auction for the placement of domestic government bonds, the ministry’s press service has reported. “Following the placement of domestic government bonds on July 20, 2021, UAH 7,754,209,756.80 (at the exchange rate of the NBU) was attracted to the…
The Georgian e-commerce market is growing, as Covid-19 lockdowns have encouraged many to purchase online for the first time or increase the frequency of online purchases, while Georgian companies have been forced to expand their online offerings, says Galt & Taggart in its latest report “E-Commerce In Georgia”. “The size of the local e-commerce market…
Borrowers of banks held a rally on Ala-Too Square in Bishkek. Participants of the rally demanded to equate the interest rates in Kyrgyzstan to international standards. “Our banks have the highest interest rate in Central Asia. It reaches 40%, while the interest rate does not exceed 25% in foreign countries. Many of our fellow citizens…
The Bank of Estonia (Eesti Pank) has urged caution on the part of two significant banks in issuing home loans and instigated specific requirements for the two banks in particular, in order to mitigate risk against any potential future downturn and at a time when the real estate market is particularly active. The central bank…