Kazakhstan: trade with Malaysia up in 2018

The volume of bilateral trade between Kazakhstan and Malaysia increased almost 4-fold compared YoY and amounted to $478 million in 2018, the Ministry of Foreign Affairs of Kazakhstan reported. Exports from Kazakhstan reached $351.7 million, while imports from Malaysia reached $126.1 million. In 1996, Kazakhstan and Malaysia opened their embassies in Kuala Lumpur and Almaty,…

Estonia: 2019 economic growth to fall below 3%

Estonia’s 2019 economic growth is forecast to fall below 3%, while rapid wage growth is expected to attract growing numbers of foreign labor, according to the latest economic forecast published by Luminor. “Estonia’s strong GDP growth of 3.9% in 2018 is expected to follow a general moderation trend evident in external markets, and fall below…

Latvia: too many banks for small market

It is clear there are too many banks for Latvia’s domestic market, said chairman of Finance and Capital Market Commission Peteris Putnins. He admitted that not a single bank present in Latvia worked with just one clientele segment. However, the country’s market is not big enough for them to work as widely as Scandinavian banks,…