In November 2020, state debt of Kyrgyzstan reached $740.5 per capita. The debt burden increased by $6.6 over the month. According to the Ministry of Finance, as of November 30, 2020, the state debt (external plus internal) of Kyrgyzstan amounted to $4,887.46 billion (414,448.46 billion soms), including $4,218.38 billion (357,711.54 billion soms) of external and…
DetailsHead of the Center of Public Finance and Governance at Kyiv School of Economics (KSE) Daryna Marchak said the national budget for 2020 was fully implemented due to the aggressive borrowing policy of the Finance Ministry in December 2020. “In December 2020, the Finance Ministry borrowed UAH 166 billion ($5.9 billion) to the state budget,…
DetailsIn January-November 2020, the net profit of Ukrainian banks amounted to UAH 43.365 billion, according to data provided by the National Bank of Ukraine (NBU). The result is UAH 15.6 billion less than in the same period last year (UAH 59.001 billion). As of December 1, 2020, there were 74 operating banks in Ukraine. (Ukrinform/Business…
DetailsAlthough last year there was a slight increase in unemployment in Latvia, the second wave of Covid-19 has yet to leave a tangible effect, said the director of the Latvian State Employment Agency (NVA) Evita Simsone. “The current unemployment level is slightly up, and so far we have yet to see any major influence from…
DetailsAt least 62,958 billion soms in taxes were collected to the republican budget of Kyrgyzstan in 2020, the State Tax Service reported. The set plan was exceeded by 107.3 million soms. Compared to 2019, tax receipts to the republican budget increased by 324.7 million. “The plan on taxes has been over-fulfilled, taking into account the…
DetailsMinister of Economic Development, Trade and Agriculture Ihor Petrashko said that 40.7% of the total volume of Ukrainian foreign trade in goods accounted for the countries of the European Union. “The EU is Ukraine’s main trading partner with a share of trade in goods of 40.7% of Ukraine’s total foreign trade,” Petrashko announced. According to…
DetailsThe Ukrainian Stock Breeders Association says the prices of dairy products in Ukraine have been at the peak since September 2020, and the trend will continue for at least the entire first quarter. A number of factors caused such a situation. The major one is a poor harvest of the crops included in the cows’…
DetailsThe National Bank of Kyrgyzstan has acquired 27 million more shares of Keremet Bank, increasing its share in its capital, the Kyrgyz Stock Exchange reports. The transaction took place on December 30, 2020. It became the largest in 2020, taking up a 24% share of total share placements in the year. As a result of…
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