Ukraine: Deposit Guarantee Fund completes payments to depositors of Standard Bank

The Deposit Guarantee Fund has completed payments to the depositors of PJSC Commercial Bank Standard, according to the Fund’s press service. “On May 15, the authorized person of the Deposit Guarantee Fund for the liquidation of PJSC Commercial Bank Standard submitted documents to the state registrar of legal entities, individual entrepreneurs and public organizations to…

Azerbaijan: GDP up in January-April 2019

Azerbaijan’s GDP exceeded 23.8 billion manats in January-April that is 2.1% more than in January-April 2018, the State Statistical Committee reported. The volume of GDP per capita stood at 2,411.8 manats. Some 46.5% of Azerbaijan’s GDP accounted for industrial sphere, 5.9% – for construction, and 3.1% – for agriculture, forestry and fishery. Net taxes on…

Estonia: unemployment rate down in Q1 2019

According to the information published by Statistics Estonia on May 15, in the first quarter of 2019, the labor force participation rate in Estonia was 70.8%, the employment rate 67.5% and the unemployment rate 4.7%. While the labor force participation rate and employment rate remained steady, the unemployment rate decreased by 2.1% YoY. In the…

Latvia: ABLV Bank’s liquidation model still not approved

U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) distances from Latvian Finance and Capital Market Commission’s (FCMC) statement regarding the coordinated liquidation model for ABLV Bank, as noted by the US Embassy in Latvia. FCMC had previously reported that after meeting with representatives from FinCEN the committee saw no obstacles for the execution of FCMC’s…

Ukraine: Lviv factory showcases new ARRV for army

Lviv Armor Vehicle Factory, a part of the state-run military-industrial concern Ukroboronprom, has developed a new armored recovery and repair vehicle (ARRV) dubbed “Zubr” (“Bison”). The vehicle was created for technical support of tank units of the Armed Forces of Ukraine. “The Zubr was developed by Lviv Armor Vehicle Factory in 2018. Preparations for its…

Estonia: Operail profit up in Q1 2019

According to the consolidated interim report, the first quarter of 2019 has brought the international logistics and transport company AS Operail a net profit of EUR 2.6 million, which is twice as much as their net profit in the first quarter of 2018. Operail CEO Raul Toomsalu said that the main source of their profit…

Kazakhstan: GDP up in January-April 2019

Kazakh National Economy Minister Ruslan Dalenov gave an insight into the country’s economic growth rates. According to him, the country’s GDP growth made 4% in January-April against 3.8% recorded in this January-March due to accelerated development in manufacturing sector, service industry, agriculture and steady construction rates. “Since the beginning of the year the inflation rate…

Ukraine: vehicle production down in April 2019

Ukrainian plants manufactured 1,880 motor vehicles in January-April, down by 31.4% YoY, according to the Ukrainian Motor Vehicle Manufacturers Association, UkrAutoProm. In particular, over the first four months, Ukrainian plants produced 1,587 cars (-33.4%), 15 commercial vehicles (-85.1%), and 278 buses (+9%). According to preliminary data provided by the association, 139 vehicles were manufactured in…

Ukraine: milk and dairy products to be exported to Bosnia and Herzegovina

Ukraine’s State Food Safety and Consumer Protection Service and the relevant authority of Bosnia and Herzegovina have agreed on issuing a veterinary certificate for shipments of milk and dairy products from Ukraine. The country’s regulator has approved veterinary certificates for shipments of milk and dairy products from Ukraine to Bosnia and Herzegovina, the Ukrainian agency’s…

Latvia: inflation at 3.2-3.4% predicted for April 2019

Compared to March, consumer prices in April possibly grew by 0.6-0.8%, which means annual inflation in Latvia has reached approximately 3.2-3.4%, bank analysts predict. Swedbank’s acting chief economist in Latvia Agnese Buceniece notes that in April, when compared to March, consumer prices increased by 0.6%, whereas annual inflation was approximately 3.2% when compared to April…