Kyrgyzstan: economy to recover by 2023

“We predict that the country’s economy will recover to its pre-pandemic level until 2023 only,” the President of Kyrgyzstan Sadyr Japarov said at a meeting with the Heads of Government of the Eurasian Economic Union. According to him, real GDP growth in Kyrgyzstan will amount to 3.8% in 2021, as economic activity recovers. GDP growth…

Ukraine: NBU revokes financial company license

Based on the results of an unscheduled inspection, the National Bank of Ukraine (NBU) decided to apply a measure of influence to FC Fincom Credit LLC in the form of revoking the license for conducting financial services. According to the NBU’s press service, the relevant decision was approved by the Committee on Supervision and Regulation…

Georgia: external trade up in January-July 2021

Georgia’s external trade turnover amounted to $7.48 billion in January-July, up by 21.7% YoY, preliminary data from the National Statistics Office of Georgia (Geostat) showed. The value of exports increased by 27.8% and totaled $2.27 billion, while imports increased by 19.3%, amounting to $5.20 billion. The trade deficit of Georgia in January-July amounted to $2.93…