In July-September, the Ukrainian banking sector significantly accelerated growth in lending on a year-on-year basis, most notably in the corporate and mortgage segments. This is said in the Banking Sector Review published on the website of the National Bank of Ukraine. In Q3, net hryvnia loan portfolios in the corporate sector grew by 13.1%. In…Details
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Uzbekistan and Turkey intend to launch the system enabling to ensure the electronic exchange of permit forms for the carriage of goods, Uzbekistan’s Ministry of Transport has reported. As part of the first stage of its implementation, the Ministry of Transport for the first time organized a test car rally using E-Permit. On November 6,…Details
Excise duty on cigarettes is set to rise by 5% from January 2022, the Finance Ministry says. Interest rates on tax arrears are to return to their pre-coronavirus crisis levels from January 2022. The rate will rise from its current level of EUR 145.60 per 1,000 cigarettes, to EUR 152.85 per 1,000, from January 2022,…Details
In January-October, the Freeport of Riga handled 17.26 million tons of cargo, down by 13.3% YoY. According to the port’s statistics, handing of grain increased by 0.8%, to 2,150,500 tons, ore – by 13.6%, to 576,600 tons, wood pellets – by 3%, to 1,797,900 tons, sawn timber – by 84%, to 500,900 tons, and timber…Details
For the first time over the years of independence, Kyrgyzstan imports electricity from Turkmenistan to cover the shortage of electricity, the Ministry of Energy reports. Previously, there were no imports from this country due to the impossibility of transmitting electricity through a high-voltage line between Turkmenistan and Uzbekistan. After the reconstruction of the 500 kilovolt…Details
As of November 11, farms of Kharkiv region harvested more than 200,000 tons of sugar beets. According to the Department of agri-industrial development of Kharkiv Regional State Administration, 212.4 thousand tons of sugar beets were harvested. The average yield was 370.5 hundredweights per ha (in 2020 – 383.1 hundredweights/ha). (Ukrsugar/Business World Magazine)Details
Consumer inflation in October slowed down to 10.9% YoY, while remaining above the National Bank’s forecast. That’s according to the NBU’s October inflation report released by the regulator’s press service. “Actual consumer inflation has slowed as expected, while standing slightly higher than the forecast published in the Inflation Report for October. This is primarily due…Details