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Author Archives: admin

Ukraine: National Bank keeps discount rate at 6%

UkraineBy admin2021-01-22Leave a comment

The National Bank of Ukraine (NBU) has decided not to change the discount rate and leave it at the level of 6%, NBU Governor Kyrylo Shevchenko says. “The Board of the National Bank decided to keep the discount rate unchanged at 6% per annum,” Shevchenko said at a briefing on January 21. The NBU notes…

Latvia: government allocates EUR 600,000 to support NGOs

LatviaBy admin2021-01-22Leave a comment

On January 21, Latvia’s Cabinet of Ministers decided to allocate EUR 600,000 from the state budget for emergencies to support non-government organizations (NGOs) to compensate for the negative effect of Covid-19 crisis in 2021, as reported by Culture Ministry. Because of the spread of the pandemic, restrictions put in place by the government continue causing…

Kyrgyzstan: concept of creative economy to be approved

KyrgyzstanBy admin2021-01-22Leave a comment

The Ministry of Economy submits for public discussion the draft decree “On Approval of the Concept of Development of Creative Economy in the Kyrgyz Republic for 2021-2023”. According to the justification note, the need to create favorable conditions for the development of the sectors that make up the creative industries is stated in the National…

Estonia: construction prices start rising at end-2020

EstoniaBy admin2021-01-22Leave a comment

While the construction price index in Estonia fell by 0.1% YoY in the fourth quarter of 2020, state agency Statistics Estonia reported, between Q3 and Q4 2020, the index rose, by 0.4%. Ulo Paulus, Statistics Estonia analyst, said the Q4 2020 rise on the previous quarter was primarily driven by an increase in the costs…

Ukraine: heating and hot water tariffs not to increase

UkraineBy admin2021-01-22Leave a comment

Prime Minister of Ukraine Denys Shmyhal has instructed to prepare a draft memorandum of understanding on the settlement of problematic issues in the sector of centralized heating and hot water supplies in Ukraine. Shmyhal gave such an order during a meeting on tariff policy in the sector of centralized heating on January 20. “All branches…

Ukraine: number of banks branches down in 2020

UkraineBy admin2021-01-21Leave a comment

Banks in 2020 reduced the number of structural divisions by 10.8%, or by 868 branches, to 7,134. According to the data posted on the website of the National Bank of Ukraine (NBU), as of the end of 2020 Oschadbank closed the operation of 490 branches (having reduced their number to 1,837), PrivatBank – 211 (to…

Latvia: actual unemployment level up in December 2020

LatviaBy admin2021-01-21Leave a comment

In December 2020, actual unemployment rate comprised 8.3%, up by 0.4% MoM. Unemployment rate registered by the State Employment Agency (SEA) accounted for 7.7%, up by 0.3%. Unemployment rate increase may be observed when comparing the data to the December 2019 – of 1.7% in actual unemployment rate and 1.5% in registered unemployment rate, according…

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