The National Bank of Ukraine (NBU) responded to high demand for foreign currency and sold about $350 million in the interbank foreign exchange market on March 11, the central bank’s press service reported on Facebook. “As before, we believe that the deterioration of sentiment in the financial markets is caused more by a psychological factor,…Details
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During the development of the 2020 budget for Latvia, parties forming the coalition conceptually agreed on an increase of wages for teachers starting with September 1, as reported by Education and Science Ministry. To discuss Education and Science Ministry’s planned steps towards increasing teachers’ wages, minister Ilga Suplinska and ministry representatives plan to meet with…Details
The aim of the government’s economic policy to deal with coronavirus should be to prevent a wave of bankruptcies among companies and a rise in unemployment caused by temporary problems, the Bank of Estonia said in a report released on March 12. “The economic policy objective of mitigating the impact of the virus is to…Details
Last year North Kazakhstan region worked at 49 projects to be financed through public-private partnerships. As a result, 34 agreements were concluded at large. This year the region targets to realize 77 projects in six sectors. According to preliminary data, the projects will let attract about KZT 18 billion. Last year 34 PPP agreements were…Details
As of March 1, funds accumulated by the Deposit Guarantee Fund of Ukraine amounted to UAH 11.26 billion, according to the fund’s press service. “The total amount of funds accumulated by the Fund as of March 1, made up UAH 11,256.7 million. In January-February, revenues to the Fund from regular fees totaled UAH 1,005.8 million,”…Details
The banking sector of Ukraine is currently high earning and profitable and, therefore, sufficiently resilient to any macroeconomic surprises. “The banking system is much better today than during the 2008 or the 2014 crises, and it is now more prepared for macroeconomic surprises,” Olena Korobkova, Executive Director of the Independent Association of the Banks of…Details
Imports of goods rose by 9% YoY, in January, whereas exports fell by 1%, according to new figures from government agency Statistics Estonia. While overall exports declined, there was an increase in the exports of agricultural products and food preparations, and in particular, cereals, Statistics Estonia said. Estonia’s exports of goods amounted to EUR 1.14…Details