Despite the global coronavirus crisis, Estonian startups generated EUR 364.5 million in turnover in the first six months of 2020, up by 40% YoY, Startup Estonia reported. Among Estonian startups, the biggest turnovers were generated in the six-month period by Bolt (EUR 132.7 million), Pipedrive (EUR 30.6 million), Adcash (EUR 16.5 million), Starship Technologies (EUR…
The National Bank of Kyrgyzstan has allocated over 6 billion soms to support the domestic economy and the real sector, Chairman of the National Bank, Tolkunbek Abdygulov, has announced during an online meeting with the President. According to the Chairman of the National Bank, more than 3 billion soms have been provided to commercial banks…
The State Agency of Automobile Roads of Ukraine (Ukravtodor) in 2020 intends to start designing a new bypass road around Kyiv and in 2021 its construction. This is stated in the presentation of Ukravtodor, published on the agency’s Telegram channel. According to the published data, the project provides for the construction of a “half-ring” with…
Ukraine and the United Kingdom have agreed to cooperate and share experiences in measures of governments and central banks to counter the coronavirus pandemic, Governor of the National Bank of Ukraine (NBU) Kyrylo Shevchenko has announced at his first meeting with British Ambassador to Ukraine Melinda Simmons. The parties discussed some important issues, such as…
GDP of the Kyrgyz Republic will fall by 10% in 2020 due to the coronavirus pandemic. The joint socioeconomic assessment “COVID-19 in the Kyrgyz Republic: Socioeconomic and Vulnerability Impact Assessment and Policy Response”, prepared by the Asian Development Bank, the United Nations Development Programme and the Economic Policy Research Institute in the Kyrgyz Republic’s Ministry…
Larger banks in Estonia offer next to nothing in interest on fixed-term deposit accounts, citing a lack of popularity of such accounts, low interest rates in general, as well as unfavorable conditions on the money markets, though some smaller banks have slightly more appealing rates. Fixed-term deposit volumes have nonetheless risen, the Bank of Estonia…
Considering that state support to help reduce the impact of COVID-19 crisis on the economy has already reached 9% of Latvia’s GDP, the Fiscal Discipline Council (FDP) has once again asked the government to limit new economy-stimulating measures and instead start thinking about gradual reduction of the state debt. This much was concluded by FDP…