The central bank of Uzbekistan has imposed sanctions on 15 domestic banks, the organization’s press service reports. These include Agrobank, Peoples’ Bank, Mikrokreditbank, National Bank, etc. The regulator said it imposed sanctions as several employees of banks had refused to process customer payments with plastic cards. They did not use terminals and did not cash…Details
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Trade between Ukraine and Turkey in 2020, despite pandemic restrictions and slowdowns, remained at pre-pandemic levels and amounted to about $5 billion, Ukraine’s Ambassador to Turkey Andrii Sybiha said at the first constituent meeting of the Ukrainian part of the Ukrainian-Turkish Chamber of Commerce and Industry. “Last year’s turnover was about $5 billion. We have…Details
The Cabinet of Ministers of Ukraine has approved the budget of the Pension Fund of Ukraine for 2021, the press service of the Social Policy Ministry reports. “At a government’s meeting on February 17, the budget of the Pension Fund of Ukraine for 2021 was approved by a resolution of the Cabinet of Ministers,” reads…Details
Estonian pensioners have withdrawn more than 112 million euros from their second pillar pension fund since the new rules came into force on January 1. Money withdrawal from the second pillar is subject to a 20% income tax, but this drops to 10% for those over 60 this way discouraging younger people from taking the…Details
The Swiss Government has contributed 2.5 million Swiss francs to boost United Nations World Food Programme (WFP) of support to vulnerable Kyrgyz families hit hard by the impact of the COVID-19 pandemic. WFP will use the funds for cash assistance to 80,000 people who will work in community assets creation or skills training programs designed…Details
Latvian public transport company AS Pasazieru vilciens has started putting together its new trains. It is expected the new trains may start appearing on railways in Latvia in the coming months, as confirmed by AS Pasazieru vilciens board chairman Rodzers Janis Grigulis. He says discussions with the train supplier Skoda Vagonka still continue in regards…Details
The International Monetary Fund has published a Concluding Statement following an official staff visit from January 25 to February 16. “The COVID-19 pandemic has had a marked, but so far relatively short-lived, adverse impact on Uzbekistan’s economy. Although the pandemic hit the economy hard in the first half of 2020 and inflicted considerable hardship, the…Details