The prices of several food products have already gone up, while a general and abrupt hike is expected to arrive at the start of the new year at the latest. Growing input prices will affect the cost of meat, milk, cheese and bread. Estonia’s leading food processor HK Scan Estonia that uses the Rakvere and…
Kyrgyzstan will not receive a previously planned $100-million loan from the Eurasian Fund for Stabilization and Development (EFSD). Its head Andrey Shirokov told journalists about it. According to him, Kyrgyzstan had problems with the budget last year during the coronavirus pandemic. Therefore, the republic applied to EFSD for a loan of $100 million. The treaty…
Before the end of 2021, in cooperation with the Ukrainian Ministry of Finance, PrivatBank and Oschadbank must adopt roadmaps for their partial or full privatization, the press service of the National Bank of Ukraine (NBU) reports. “According to the Memorandum on Economic and Financial Policy, to further reduce the state’s share in banks, PrivatBank and…
Some 1,157 loan agreements have been already signed for a total sum of UAH 1.005 billion under the government program “Affordable Mortgage at 7%”, the Finance Ministry’s press service reports. “As of December 2, the authorized banks signed 1,157 loan agreements worth UAH 1.005 billion under the government program “Affordable Mortgage at 7%”, both on…
Authorities of Uzbekistan have confirmed their readiness for the republic’s membership in the Eurasian Development Bank (EDB), Deputy Prime Minister of Uzbekistan, Jamshid Kuchkarov has announced. The republic has already applied for membership in the bank as a shareholder. In turn, the Chairman of the Board of the EDB Nikolay Podguzov said that the coordination…
On December 2, Tallinn city government approved the city’s budget for 2022, which would exceed the EUR 1-billion mark for the first time ever. The investment volume will almost double to EUR 269 million. “The total budget volume is greater than EUR 1 billion for the first time in history at a total of EUR…
Inflation not seen since before the 2009 crash is raising alarm among Lithuanian consumers and economists. Lithuania reported a 9.3% annual inflation in November, the highest rate in the euro zone, according to Eurostat, where it averaged 4.9%. It is likely, that Lithuania will end the year with double-digit annual inflation. “Inflation this monstrous was…