One of the oldest financial institutions in Uzbekistan, Uzpromstroybank saw its assets increased to $4.7 billion in 2020, its board said. Credit portfolio in the reporting period soared to $3.8 billion, the volume of deposits to $1.1 billion and total capital to $642 million. Last year, the bank financed a total of 978 projects. These…
NyxAir that started operating passenger flights between Tallinn and Kuressaare late last year reports growing passenger figures and a full plane on weekends. Almost one third of seats were occupied on average during the last weeks of 2020. CEO Jaanus Ojamets said that while January figures were not in yet, average seat occupancy for December…
Retail trade in Ukraine grew by 8.4% in comparable prices in 2020 against 2019. Retail turnover increased the most in Kyiv region (by 18.7%), Zaporizhia region (by 15.7%) and Chernihiv region (by 14.2%), according to the Ukrainian State Statistics Service. Meanwhile, the turnover dropped by 2.7% only in Zakarpattia region, the report said. Retail trade…
The National Bank of Ukraine (NBU) has decided not to change the discount rate and leave it at the level of 6%, NBU Governor Kyrylo Shevchenko says. “The Board of the National Bank decided to keep the discount rate unchanged at 6% per annum,” Shevchenko said at a briefing on January 21. The NBU notes…
On January 21, Latvia’s Cabinet of Ministers decided to allocate EUR 600,000 from the state budget for emergencies to support non-government organizations (NGOs) to compensate for the negative effect of Covid-19 crisis in 2021, as reported by Culture Ministry. Because of the spread of the pandemic, restrictions put in place by the government continue causing…
The Ministry of Economy submits for public discussion the draft decree “On Approval of the Concept of Development of Creative Economy in the Kyrgyz Republic for 2021-2023”. According to the justification note, the need to create favorable conditions for the development of the sectors that make up the creative industries is stated in the National…
While the construction price index in Estonia fell by 0.1% YoY in the fourth quarter of 2020, state agency Statistics Estonia reported, between Q3 and Q4 2020, the index rose, by 0.4%. Ulo Paulus, Statistics Estonia analyst, said the Q4 2020 rise on the previous quarter was primarily driven by an increase in the costs…