The Asian Development Bank (ADB) has approved a $100-million loan for Uzbekistan, the press service of the bank has reported. The loan is aimed at supporting reforms in the fields of politics, legislation and institutions necessary to create a favorable and competitive environment in the financial markets of Uzbekistan. “As Uzbekistan accelerates its transition toward…
Businessman and president of the Estonian Olympic Committee Urmas Soorumaa said that the current economic growth was deceptive, as it was not based on traditional models. “It is sort of deceptive. Yes, the so-called economy is growing since stock markets are growing, there is more money coming in and the amount of money in peoples’…
There were fierce debates during the discussion of the new version of the Tax Code, Gulnara Uskenbaeva, head of the Association of Suppliers, said at a press conference. According to her, the state is confident that the new version is a good Tax Code. Businesses have different opinions on certain provisions, but it should be…
The Ukrainian Agribusiness Club Association (UCAB) forecasts that this year’s sunflower harvest will reach 15.1 million tons, which is 15% more than last year, according to the association’s press service. “In the 2020-2021 marketing year, the harvest of sunflowers is expected at the level of 15.1 million tons. This figure is 15% higher than last…
The Ministry of Finance raised UAH 2.465 billion to the state budget at an auction for the placement of domestic government bonds, according to the ministry’s press service. “On October 5, at actions for the placement of domestic government bonds, the Finance Ministry offered investors six issues of securities in the national currency. Overall, UAH…
Georgia is leading the South Caucasus region with a projected rebound of 8% this year, says the latest edition of the World Bank’s Economic Update for the region. “Georgia’s recovery is expected to edge down to 5.5% in 2022 and 5% in 2023, as macroeconomic support continues to be removed”, reads the report. The World…
According to the order issued by the Latvian government, the state budget program for emergencies will be expanded by EUR 300 million this year. The budget increase is related to the plan for operational response and allocation of necessary funding for the measures ministries in Latvia plan to employ in order to overcome the challenges…