The economic pressures resulting from the spread of the coronavirus and the lower oil price are credit negative for banks in Ukraine and neighboring markets, and could result in negative rating actions, Fitch Ratings says. Fitch has revised banking sector outlooks to negative for seven of the eight markets it covers in the region –…Details
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The former Minister for Development of Economy, Trade and Agriculture of Ukraine, Tymofiy Mylovanov criticized the proposal of the Government of Ukraine to temporally close all enterprises in the country, in order to stop the further spread of coronavirus. In particular, the ex-minister believes that such measures will have negative consequences for the country’s economy.…Details
To limit the Covid-19 pandemic in Latvia it has been decided to close down gyms. Shopping centers will close their doors on weekends, Prime Minister Krisjanis Karins has announced. This requirement will not apply to pharmacies and food stores, veterinary shops, gardening and construction stores, as well as optician stores. According to Karins, the decision…Details
The banking and payment systems of Kyrgyzstan operate in a manner that meets the requirements of the state of emergency with the provision of basic types of banking services and conducting payment and transfer operations, the National Bank of the republic has reported. The National Bank of the Kyrgyz Republic will reportedly continue to work…Details
Wizz Air, the Hungarian budget airline, has extended the suspension of all flights to and from Vilnius until April 30. “The decision was made as a response to prevent the spread of the Covid-19 pandemic,” the statement by the company reads. All affected passengers will be informed, Wizz Air said. If they bought tickets directly…Details
The unemployment rate in Ukraine in October-December 2019 increased to 8.7% from 7.3% reported in the third quarter of 2019, or 1.6 million citizens in absolute numbers, the State Statistics Service reported. The report says the number of employed citizens aged 15-70 in the fourth quarter of 2019 amounted to 16.5 million. The employment rate…Details
Ukraine will leave Boryspil International Airport the only operating one as part of the measures to curb Covid-19 spread, that’s according to Minister of Infrastructure Vladyslav Krykliy. “Only Boryspil International Airport will remain operating in Ukraine. From 12:00 on March 24, passengers are also barred from air travel for tourism. I apologize for the inconvenience,…Details