Uzbekistan will allocate $50 million to Kyrgyzstan for implementation of various economic projects. This was announced at the meeting of the Committee on Economic and Fiscal Policy. The members approved ratification of the agreement on establishment of the Kyrgyz-Uzbek Development Fund. According to it, Uzbekistan will allocate funds to Kyrgyzstan. A board will be created,…
Compared to February 2020 the average level of consumer prices decreased by 0.2% in February 2021. Prices of goods fell by 0.7%, while prices of services rose by 0.9%. Compared to February 2020, in February 2021 the average level of consumer prices was mainly influenced by the drop in prices of goods and services related…
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…