The share of non-performing loans (NPLs) in Ukraine’s banking system in 2019 was below 50% for the first time in three years, having shrunk to 48.4% as of January 1, 2020. “Loan portfolio quality improved across all bank groups, except for banks with Russian capital,” the National Bank of Ukraine (NBU) said on its website.…Details
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Finance Ministry says the Supervisory Board of the Ukrainian Startup Fund has decided to provide grants to the first eight projects that presented their ideas at the first Pitch Day on January 25. Seed grants (worth UAH 1.25 million or $50,979 each) will be provided to the following companies: AeroDrone (integrated solutions based on drones);…Details
At a Governmental session on February 11, Minister of National Economy Ruslan Dalenov informed the attendees about the objectives set to the Cabinet in 2020. According to him, the Government had determined target indicators, which should be achieved in 2020. The first target is to increase GDP to 4.7-5%, to raise the volume of fixed…Details
In January, the Freeport of Riga handled 2,130,200 tons of cargo, down by 25% YoY. Transshipment of dry bulk cargo fell by 33.1%, to 1,265,000 tons, liquid bulk cargo – by 8.5%, to 259,300 tons, and general cargo – by 9.2%, to 606,200 tons. The port’s container throughput climbed by 0.2%, to 428,156 TEUs. In…Details
Budget commission of the Bishkek City Council has approved of a purchase of 50 buses at the expense of the capital’s budget, the First Vice Mayor of Bishkek Almaz Baketaev announced at a planned meeting at the City Hall. He instructed the head of the Bishkek Passenger Transport Enterprise Nurlan Koichubakov to speed up the…Details
Consumer inflation in Ukraine in January amounted to 3.2% YoY, slowing down from 4.1% in December 2019, according to the State Statistics Service of Ukraine. Compared with the previous month, consumer prices in January grew by 0.2%. The agency said the largest price increase in annual terms was recorded for fruit and education services –…Details
The National Bank of Ukraine (NBU) forecasts a temporary reduction by around 66.7% in gas imports in 2020, to 5 billion cubic meters. This is due to high gas stocks in the country’s underground storage facilities (USFs), according to the NBU’s January 2020 Inflation Report, published on the regulator’s website on February 6. However, Ukraine…Details