The government on September 29 agreed on the state budget for 2021 with expenditures amounting to approximately EUR 13 billion and revenues at over EUR 11 billion. Funding for research will increase to 1% of GDP and pensions will rise. Prime Minister Juri Ratas (Center) said the purpose of the budget was to accelerate economic…Details
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Ambassador of the Republic of Kazakhstan to Liechtenstein, Vatican, Rhodes and Malta Alibek Bakayev paid a working visit to Vaduz, Liechtenstein. At the meeting in the Liechtenstein’s Office of Foreign Affairs, the parties discussed the state and prospects of bilateral cooperation and interaction in the international arena. The most promising areas of cooperation between Kazakhstan…Details
In August, Ukraine’s total public and state-guaranteed debt in the national currency decreased by UAH 16.9 billion, to UAH 2,338.18 billion, the press service of the Finance Ministry reported. “In August, Ukraine’s total public and state-guaranteed debt in the national currency decreased by UAH 16.9 billion and amounted to UAH 2,338.18 billion ($85.1 billion),” the…Details
This week the exchange rate of the hryvnia against the U.S. dollar is expected to decrease slightly; the cash dollar in banks can be traded at UAH 28.3/28.5, according to Alpari. The company predicts that the dollar on the interbank market can be traded at about UAH 28.4 in a week, and the cash dollar…Details
The decline in industrial production in Ukraine in August – excluding adjustments for the calendar days effect – accelerated to 5.3% YoY after falling by 4.2% in July, the State Statistics Service reported. Taking into account the adjustment for the effect of calendar days, industrial output in August fell by 4.2%. August’s industrial output decreased…Details
Minister of Labor and Social Protection Birzhan Nurymbetov claims in case of a possible second wave of coronavirus thousands of people in Kazakhstan may lose their jobs. While addressing the Government’s hour at Majilis, the lower chamber of the Kazakh Parliament, on September 24, minister Nurymbetov said the coronavirus pandemic had already challenged and had…Details
The proposed Latvian state budget for 2021 is sustainable, yet it lacks ambition, said Latvijas Banka’ President Martins Kazaks. “If I look at this story in general, I’m missing ambition”, evaluated the President of the Latvian central bank. Kazaks noted that, for example, the role of Riga in the Latvian economy had not been appreciated.…Details