The Georgian e-commerce market is growing, as Covid-19 lockdowns have encouraged many to purchase online for the first time or increase the frequency of online purchases, while Georgian companies have been forced to expand their online offerings, says Galt & Taggart in its latest report “E-Commerce In Georgia”. “The size of the local e-commerce market…
Borrowers of banks held a rally on Ala-Too Square in Bishkek. Participants of the rally demanded to equate the interest rates in Kyrgyzstan to international standards. “Our banks have the highest interest rate in Central Asia. It reaches 40%, while the interest rate does not exceed 25% in foreign countries. Many of our fellow citizens…
The Bank of Estonia (Eesti Pank) has urged caution on the part of two significant banks in issuing home loans and instigated specific requirements for the two banks in particular, in order to mitigate risk against any potential future downturn and at a time when the real estate market is particularly active. The central bank…
While banks in Lithuania boast of scooter-riding CEOs, their sustainability record tells a different tale. A consumer group’s investigation suggests there’s much room for improvement. The Lithuanian Consumers Alliance (Vartotoju Aljansas) has looked at how sincere Lithuania’s six commercial banks are when they boast about their green practices. The report assessed the environmental impact of…
In the second quarter of 2021, the construction price index increased by 5.2% QoQ and by 6.2% YoY, data from Statistics Estonia showed. The construction price index shows the change in construction expenditures taking into consideration the price changes of three basic inputs: labor force, building materials and building machines. The calculation of the construction…
On July 19, the first train from the Netherlands loaded with containers and semi-trailers, which arrived at the terminal by the European standard-gauge railway, was met at the Kaunas Intermodal Terminal (KIT). Therefore, KIT has become the most easternmost point of the European railway system, which, after the completion of all works and formalities on…
Everyone who wants to work for the civil service is obliged to learn the country’s national anthem by heart. This became known during announcement of a three-month campaign dedicated to the 30th anniversary of the independence of Kyrgyzstan, Kyrgyztest state institution reported. According to it, a new testing program has been introduced in a test…