In 2020, the volume of loans provided by JSB Ukrgasbank to small and medium-sized businesses rose by 50% (or UAH 2.5 billion) and amounted to UAH 7.7 billion, the bank’s press service reported. “Last year, Ukrgasbank paid special attention to lending to small and medium-sized businesses, which suffered the most from the pandemic and quarantine…Details
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Compared to Q4 2019, gross domestic product (GDP) decreased by 1.4%, according to seasonally and calendar non-adjusted data in Q4 2020. According to provisional estimations, the GDP was affected by output rise in producing sectors of 3.7%. In services sectors there was a drop of 3.2%, according to the flash estimate from the Central Statistical…Details
Swedbank Estonia finished 2020 with a net profit of EUR 178.7 million, down by 9.8% YoY. The reduction in earnings was mainly attributable to increased costs and funds to cover credit impairments, the bank said on February 1. Lending volumes increased by 3%, household lending by 4%, corporate lending by 2% and deposits by 17%.…Details
The Export-Import Bank of Korea has signed a $160-million loan agreement with Uzbekistan’s Ministry of finance. Funds are expected to be channeled through the Economic Development Cooperation Fund Program of the Korean government. Some $120 million of the amount will be used to build Tashkent General Hospital, with the remaining part to be spent on…Details
Prime Minister Denys Shmyhal has said that the Ukrainian government aims to raise the average salary in Ukraine to the level of Poland or Slovakia until 2030. “In December 2020, real salaries increased by 10% YoY and amounted to UAH 14,200. The most important task set by the Government is to raise average salaries until…Details
Ukrainian exporters, interested in entering the Egyptian markets, will benefit significantly from the establishment of joint ventures with localization of production in this country. “The establishment of joint ventures and the organization of production in the territory of Egypt can provide Ukrainian companies with access to a market of 1.3 billion consumers with a total…Details
New excise duty rates for ethyl alcohol and certain types of alcoholic beverages have been established in Kyrgyzstan, the State Tax Service reports. It was done to harmonize excise duty rates with the countries of the Eurasian Economic Union. Excise taxes on vodka and alcoholic beverages, strong drinks were increased from 100 soms to 120…Details