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Ukraine: NBU expects situation with foreign currency delivery to improve soon

UkraineBy admin2020-03-19Leave a comment

The National Bank of Ukraine (NBU) expects that cash foreign currency will arrive in Ukraine in the next few days, Deputy NBU Governor Oleg Churiy has stated at a briefing. “Cash delivery of foreign currency is expected in the coming days. If foreign currency is transferred to banks without the participation of the National Bank,…

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Ukraine: wheat exports exceed $300 million in January-February 2020

UkraineBy admin2020-03-18Leave a comment

According to State customs administration, Ukraine exported 1.605 million tons of wheat at the sum of $316.108 million in January-February. During the reporting period, barley shipments reached 292.568 thousand tons at the sum of $51.282 million. Moreover, Ukraine exported 7.999 million tons of corn at the amount of $1,321 billion. Wheat flour export totaled 65.689…

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Estonia: concrete company to lay off 80 workers and partially close production

EstoniaBy admin2020-03-18Leave a comment

Approximately 80 workers will be made redundant when AS Kunda Nordic Tsement cement company stops producing clinker later this month. The decision was taken by the supervisory board after a surge in the price of CO2 emissions. The plant in Laane-Viru County uses old production technology, which creates a relatively high level of carbon emissions.…

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Georgia: average salaries up in Q4 2019

GeorgiaBy admin2020-03-18Leave a comment

Average monthly earnings in Georgia increased by 117.6 GEL ($39 or EUR 34.9) in the fourth quarter of 2019 compared to the same period of the previous year and amounted to 1,319.6 GEL ($438.1 or EUR 391.8), reported the National Statistics Office of Georgia (Geostat). The highest monthly earnings were observed in the following fields:…

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Kazakhstan: accrual of remuneration in case of arrears banned

KazakhstanBy admin2020-03-18Leave a comment

Kazakhstan will introduce a ban on accrual of remuneration for more than 90 days delayed payments in regard with consumer loans of individuals. The ban will be introduced on accrual of interest for delays of more than 90 days on all unsecured consumer loans of individuals, said Madina Abylkasymova, chairwoman of the Agency for regulation…

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Ukraine: banks seeing lack of cash foreign currency amid forex panic

UkraineBy admin2020-03-18Leave a comment

Ukrainian banks in recent days have been showing signs of a shortage of cash foreign currency, which is caused by an increase in the population’s demand for cash foreign currency. Some $8 billion of non-cash currency are now on correspondent accounts of banks, and customers can freely transfer their currency to their accounts opened with…

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Ukraine: National Bank to sell $200 million to support hryvnia

UkraineBy admin2020-03-17Leave a comment

The National Bank of Ukraine (NBU) will sell $200 million on the interbank foreign exchange market. The regulator sold $270 million on the interbank foreign exchange market on March 10, about $350 million on March 11, over $220 million on March 12 and almost $150 million on March 13 to stabilize the hryvnia. The U.S.…

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Lithuania: economy to shrink by 1.2 % due to coronavirus

LithuaniaBy admin2020-03-17Leave a comment

Lithuania’s economy may shrink by at least 1.2% this year due to the coronavirus, economists from the central bank estimate. This would be an “optimistic” scenario, according to the bank’s chairman Vitas Vasiliauskas. “We believe the economy could contract by 1.2%, meaning that the former baseline scenario changes by almost 4%. But, once again, I…

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