The President of Kyrgyzstan signed a new Constitution on May 5. Then Sadyr Japarov addressed a message to the people. He noted that the energy sector needed a large-scale technological modernization, requiring significant investments, and it was necessary to ensure uninterrupted supply of electricity, heat and the country’s energy security. “The growing demand for energy…
A draft directly related to the responsibility of heads of organizations for the late publication of financial statements, as well as the prevention of violations of the law on accounting was under scrutiny by Uzbek MPs. The draft reflects the norms aimed at strengthening responsibility for the organization of accounting. “Timely and high-quality presentation of…
The First Ukrainian International Bank (FUIB) received UAH 1 billion in net profit in the first quarter of 2021, up by 23% YoY. The bank’s operating income in Q1 amounted to UAH 2,412.6 million against UAH 2,041.2 million in 2020. FUIB’s net interest income rose by 21%, to UAH 2,029.1 million. FUIB’s net commission income…
Banks received UAH 10.9 billion in net profit in January-March, down by 32% YoY, when the banking sector earned more than UAH 16 billion, the press service of the National Bank of Ukraine (NBU) reported. “The main factor holding back the growth of the sector’s profitability in the first quarter was changes in the fair…
The unemployment level observed in Latvia in March was 8.7%. This level exceeds that of the European Union and Eurozone, according to data published by Eurostat about 25 member states on April 30. According to data from Eurostat, unemployment among EU member states was the highest in Spain (15.3%), Italy (10.1%), Sweden (9.1%) and Lithuania…
In March, the turnover of retail trade enterprises was EUR 657 million, data from Statistics Estonia showed. Compared to March 2020, turnover increased by 4% at constant prices. Jaanika Tiigiste, leading analyst at Statistics Estonia, said that despite the coronavirus-related restrictions that were re-introduced in March, retail trade enterprises recorded turnover growth. “Among the stores…
The National Bank of Kyrgyzstan conducted another intervention on April 29, website of the National Bank of the Kyrgyz Republic reported. The central bank sold $17.3 million with settlements on the date of the transaction and $44,950,000 with settlements different from the date of the transaction. This is the sixth intervention since the beginning of…