Changes have been made to the state program of “Produce in Georgia” that will benefit local event companies and farmers, Economy Minister Natia Turnava has announced. Following the changes, event companies will also be involved in a credit guarantee mechanism that will enable them to get subsidized bank loans for 12 months. Turnava said this…
DetailsFinnish shipping line Eckero has added an extra, early morning service, using its MS Finbo Cargo ferry and plying the route between Muuga, east of Tallinn, and Vuosaari, near Helsinki. The early departure leaves Muuga at 6.30 a.m. and arrives at Vuosaari at 9.15 a.m. The service has been running since early November. “Eckero Line’s…
DetailsDeputy Chairman of the National Bank of Kazakhstan Akylzhan Baimagambetov spoke about the financing of state programs during the round table on the results of the development of financial sector during the coronavirus pandemic. According to him, the National Bank of Kazakhstan has been financing the state programs to the tune of KZT 2.3 trillion,…
DetailsIn Cherkasy region, 74% of sugar beets were harvested in all categories of farms. This is reported by the Agricultural Department of Cherkasy Regional State Administration. The sugar beets were harvested from the area of 7.1 thousand ha (74% of the sown area) with the average yield of 374,2 hundredweights/ha. (Ukrsugar/Business World Magazine)
DetailsConsumer inflation in Ukraine accelerated to 2.6% in annual terms in October (from 2.3% in September). Prices rose by 1.0% in monthly terms, according to the press service of the National Bank of Ukraine (NBU). “Actual consumer inflation corresponded to the trajectory of the forecast published in the October Inflation Report. The weakening of the…
DetailsSince 1993, US Agency for International Development (USAID) has partnered with the people and government of Uzbekistan to diversify the country’s economy, increase regional trade, address serious health threats, improve learning opportunities for students and build the government’s capacity to respond to the population’s needs, Information Officer of US Embassy in Tashkent Susannah Wood reports.…
DetailsOn November 11, Latvian Saeima’s Budget and Finance Committee supported for the final reading amendments to the Law on Social Security that provided for defining minimal income thresholds, their lowest volumes and the frequency of their review. The legislative draft has been included in the state budget legislative package. The legislative draft currently states that…
DetailsThe finance committee of the Estonian parliament at a sitting on November 10 voted on the amendments submitted to next year’s state budget and agreed to send the draft to the second reading at a plenary sitting on November 18. Finance committee chairman Aivar Kokk said the 44 proposed amendments were discussed and a consolidated…
DetailsPrime Minister Denys Shmyhal says the deficit of Ukraine’s national budget is one of the lowest indicators in Europe. “When today we take European countries and see what deficits in developed economies, in neighboring countries are, then Ukraine has one of the lowest budget deficits. This year, 7.5% is one of the lowest indicators in…
DetailsThe National Bank of Ukraine (NBU) has held a refinancing tender to provide four banks with UAH 563.6 million ($20 million) in refinancing loans at an interest rate of 6% per annum, with an 84-day maturity period. The National Bank holds biddings to maintain banks’ liquidity for up to 90 days. Biddings are held each…
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