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Author Archives: admin

Georgia: 35.41 billion GEL deposited in August 2021

GeorgiaBy admin2021-09-28Leave a comment

Commercial banks in Georgia lent 40.07 billion GEL and received deposits of 35.41 billion GEL in August, the latest data by the National Bank of Georgia (NBG) showed. The amount of deposits increased by 0.82% MoM, while loans by 1.21%. Last month, the sum of term deposits (deposits made for a predetermined period of time)…

Lithuania: Belarus sanctions dampen economic recovery plans

LithuaniaBy admin2021-09-28Leave a comment

Lithuania’s central bank has decreased its projections for GDP growth in Lithuania next year, citing sanctions against Belarus and decreased consumer spending. The economy is projected to grow by 4.9% in 2021 and by 3.5% in 2022. In June, Lithuanian Bank (Lietuvos Bankas) said the economy would grow by 5.1% in 2021 and by 4.1%…

Latvia: two new Stena Line ferries to be deployed on Ventspils-Nynashamn route

LatviaBy admin2021-09-28Leave a comment

Staying true to the plan to expand operations in the Baltic Sea, Swedish Stena Line has invested EUR 200 million in the Ventspils-Nynashamn ferry line. In 2022, the company plans to deploy two brand new ferries on this route, the company reports. These two new ferries will expand Stena Line fleet with 33% increased passenger…

Lithuania: every fifth person faces poverty risk

LithuaniaBy admin2021-09-28Leave a comment

Every fifth resident in Lithuania lives below the poverty risk line, according to a new report by Lithuania’s National Network of Anti-Poverty Organisations. Figures from Lithuania’s statistics office showed some 585,000 people in the country lived below the poverty risk line in 2020. The poverty risk level stood at 20.9% in the country last year,…

Estonia: budget deficit not solely the result of coronavirus crisis

EstoniaBy admin2021-09-28Leave a comment

Finance minister Keit Pentus-Rosimannus (Reform) says that the coalition is tackling the issue of budgetary deficit exacerbated, but not solely caused by, the coronavirus pandemic and its economic effects. This was exemplified by a nearly-balanced state budget planned for 2022. “We are now seeing a growth, whereas before the economy had been in a hole,”…

Uzbekistan: budget loses at $56.1 million amid corruption cases

UzbekistanBy admin2021-09-28Leave a comment

The director of Uzbekistan’s Anti-Corruption Agency Akmal Burkhanov announced the statistics of detected corruption crimes for the past year and the first half of 2021, committed by officials of various levels. According to him, a total of 1,723 officials were brought to criminal responsibility in 2020. The damage from corruption amounted to $46.8 million, 71%…

Ukraine: NBU provides UAH 128 million in refinancing to two banks

UkraineBy admin2021-09-28Leave a comment

The National Bank of Ukraine (NBU) provided a total of UAH 128 million in refinancing to two banks. On September 24, a quantitative tender was held for the refinancing of banks for a term of 84 days. The application of two banks for a total sum of UAH 128 million at an interest rate of…

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