“The volume of gold and forex reserves of Kazakhstan hit its highest since fall 2017,” Deputy Chairman of the National Bank of Kazakhstan Aliya Moldabekova said. The reserves grew in May by $950 million, to $31.5 billion. Gold portfolio decreased slightly despite slight gold price growth from $1,717 to $1,726 per ounce. In May the…
DetailsPrivatBank (Kyiv) has issued the first refinancing loan under the Affordable Loans 5-7-9% program at 0% per annum until the end of March 2021, the Ministry of Economic Development, Trade and Agriculture has said on its website. “Under the Affordable loans 5-7-9% updated program, state-owned PrivatBank refinanced a loan to an entrepreneur in the amount…
DetailsUkraine is not the only country that has faced rising unemployment. As of June 1, over 510,000 unemployed have been officially registered in Ukraine, according to the State Service. However, the actual number of unemployed in May was about 2.5-2.8 million. Moreover, the number of officially unemployed has doubled since quarantine start. Europe is also…
DetailsExperts expect the Georgian lari to continue appreciating at least until the end of the year, if some unexpected event does not occur. This opinion is based on the opening of the economy after the coronavirus breakout. “The Georgian lari has appreciated by 10%, which is rare in the recent history of Georgia. I expect…
DetailsImports fell by 22% YoY in April, with exports falling by 17%, Statistics Estonia reported. The larger fall in imports offset the balance of trade, the agency said. Estonia’s exports of goods amounted to EUR 1.02 billion and imports to EUR 1.09 billion at current prices. The trade deficit stood at EUR 61 million, down…
DetailsIn January-May, industrial production increased by 4.8% YoY, said Beibut Atamkulov, Minister of Industry and Infrastructure Development, during a Government meeting. “Speaking about the mining sector, the production of non-ferrous ores has increased by 3.3% due to ore production increase at Kazakhmys Corporation LLP, Kazchrome TNC and Aluminum of Kazakhstan JSC. The increase in iron…
DetailsFitch Ratings has assigned Mykolaiv long-term foreign- and local-currency issuer default ratings (IDRs) of B. “Fitch Ratings has assigned the Ukrainian City of Mykolaiv Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) of B with Stable Outlook,” the statement reads. As noted, the ratings reflect Mykolaiv’s Standalone Credit Profile (SCP) of b+ resulting from a…
DetailsThe volume of services rendered by Ukrainian enterprises in January-March amounted to UAH 226.97 billion, up by 5.5% YoY in comparable prices, the State Statistics Service reported. According to the report, the volume of services sold to the population accounted for 23.1% of the total volume of services sold. The State Statistics Service recalled that…
DetailsAt the end of May the level of registered unemployment reached 8.4% of the economically active population, up by 0.4% MoM, according to data from the State Employment Agency (NVA). At the end of May the number of unemployed persons registered with NVA was 76,440, up by 3,523 people. The most rapid increase of the…
DetailsTravel by railway will resume in Georgia on June 15, Georgian Railways has announced, noting the company is ready to ensure the safe transportation of passengers and to implement the regulations imposed by the Ministry of Health. Georgian Railway said that the Ministry of Health had already inspected train wagons and concluded that Georgian Railways…
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