Minister of Finance Keit Pentus-Rosimannus (Reform) has announced that the government is planning to create a supplementary budget that will among other things extend payouts of wage support and sick leave compensation. The finance minister has previously said the government prefers using the Unemployment Insurance Fund, the government’s reserves, EU crisis support funds, Enterprise Estonia…
The Ukrainian low-cost carrier SkyUp launches flights to Serbia in March, according to the company’s press service. “We will fly on the route Kyiv-Belgrade-Kyiv twice a week: on Tuesdays and Fridays,” reads the report. The first flight is scheduled for March 30. The cost of a one-way flight starts from UAH 1,395 without luggage. (Ukrinform/Business…
Ukraine’s gross public and publicly guaranteed debt in hryvnias is UAH 2.558 trillion, or more than $90 billion, and this amount is acceptable and has been agreed with all ministries and international partners, according to Prime Minister Denys Shmyhal. He said this during a question-and-answer session in parliament. “As of late January, the amount of…
The credit portfolio of Latvian banking sector declined by 3.9% or by EUR 523.785 million YoY in 2020 and was EUR 12.948 billion, according to data compiled by the Finance Latvia Association. The credit portfolio of banks that are members of the association has declined by 1% or by EUR 123.218 million, composing EUR 12.212…
Inflation ran at 0.6% YoY in February, state agency Statistics Estonia reported. The Consumer Price Index (CPI) rose slightly more between January and February, at 0.9%, Statistics Estonia reported, though goods actually saw a deflation of -0.6% YoY on the CPI, while services cost 2.7% more than in February 2020. Statistics Estonia leading analyst Viktoria…
Prices for potatoes have increased by 70% and for vegetable oil – by 64% over the past year in Kyrgyzstan, director of the State Agency for Antimonopoly Regulation Shukhrat Sabirov has announced. According to him, price of sugar grew by 57%, meat – by 20-40%, eggs – by 34%. An increase in prices for fuel…
President Shavkat Mirziyoyev attended the 14th summit of the Economic Cooperation Organization (ECO) on March 4. The event was chaired by Turkish President Recep Tayyip Erdogan. In his address, Mirziyoyev named the space of the Economic Cooperation Organization a region with huge potential, a common history, religion, culture and values. He also underlined that the…