Sense Bank, used to be owned by Russian oligarchs, is now controlled by Ukraine and will operate as usual. The relevant statement was made by Ukrainian President Volodymyr Zelensky in his video address. “Today, the procedure regarding one of the systemic banks, which belonged to Russian oligarchs, ended. Now, it has public management. The rights…
On July 20, Yuliia Svyrydenko, First Deputy Prime Minister and Minister of Economy of Ukraine, met with a World Bank delegation led by Antonella Bassani, Vice President for Europe and Central Asia. The Ministry of Economy and the World Bank are stepping up their cooperation to mobilise funding from donors and international financial institutions for…
Poland’s retail sales decreased in real terms by 4.7% YoY, but rose by 0.9% MoM in June, the Central Statistical Office reported. Economists polled by PAP expected June’s retail sales to fall in real terms by 4.9% YoY and to grow by 1% MoM. In current prices, retail sales increased by 2.1% YoY in June…
According to SEB Bank’s available data, although residents can register a payment card for their children starting from the age of seven, information indicates most children in Latvia receive their first payment card at the age of 16. Similarly in Lithuania, where children receive payment cards at the age of 15. In Estonia children generally…
The gross industrial output decreased by 7.4% YoY in May. Figures to this effect were unveiled by the National Statistics Bureau (BNS) on July 20. According to the quoted source, the gross industrial output reduced cumulatively by 6.4% since the beginning of this year. The drop of the production in January-May was triggered by the…
Every hryvnia and every coin that Ukrainian citizens pay into the budget is used by the state to pay salaries to the military, buy equipment, weapons, drones, ammunition and other supplies for the Army. This was stated by Prime Minister Denys Shmyhal at a Government session on July 21. “The Government allocated UAH 672 billion…
Deputy Prime Minister for European and Euro-Atlantic Integration of Ukraine Olga Stefanishyna calls on partners to work together to ensure unhindered Ukrainian exports to the European Union. “Black Sea is blocked for Ukrainian export. Ukraine and the world are once again on the brink of a global food crisis. And Polish officials say that EU’s…