Estonian bank LHV is set to acquire Danske Bank’s private customer loan portfolio, for around EUR 410 million. In February, Danske was ordered to close its doors by the Finanical Supervisory Authority (FSA), ending months of speculation following revelations that as much as EUR 200 billion in potentially illicit funds had passed through the bank…Details
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The economic potential of Ukraine allows achieving much better indicators of economic growth, but this potential is still constrained by insufficient reforms. Ivan Miklos, the former finance minister of Slovakia, co-chair of the Group of Strategic Advisors for Support of Reforms in Ukraine, made a relevant statement during the workshop on the economic development of…Details
The Ukrainian Food Export Board (UFEB) said farmers in January-Apri boosted poultry meat exports by 40% YoY, to 135,800 tons worth $199.2 million. Major buyers of Ukrainian poultry meat were Saudi Arabia (shipments worth $54.7 million) with a 27.4% share in the total export structure, the Netherlands ($33.1 million, 16.6%), and Slovakia ($20 million, 10%).…Details
The average monthly nominal salary of civil servants in Azerbaijan in 2018 increased by 15.3% YoY, to 796.5 manats, the State Statistical Committee reported. According to the committee, as of January 1, there were 29,100 civil servants in the country, 28.5% of which were women. Of them, 4.5% of civil servants worked in the top…Details
According to information released by Statistics Estonia, GDP grew by 4.5% YoY in the first quarter of 2019. The seasonally and working day adjusted GDP grew by 0.5% compared with the previous quarter and by 4.6% compared with the first quarter of 2018. Economic growth was driven by manufacturing. The last time that manufacturing had…Details
At least 24.5 kilometers of roads have been asphalted in Kyrgyzstan since the beginning of the construction season in 2019, the Ministry of Transport and Roads reported. According to the ministry, asphalt concrete pavement was laid on 10 kilometers of local roads at the expense of the budget. Frontier and priority roads, as well as…Details
Declaring default will stop Ukraine’s economic growth and trigger uncontrolled inflation. “Over the past week, many different statements have been made, including on declaring default. What does default mean? It means zeroing the incomes of Ukrainians, uncontrolled inflation, cessation of economic growth, unclear exchange rate of the national currency. I want to say: this is…Details