The development of financial intermediation is an important element in stimulating economic growth. That’s according to First Deputy Prime Minister, Minister for Economy of Ukraine Oleksiy Liubchenko who penned an op-ed entitled “Key tasks for Ukraine’s economic growth”. “The banking system, as an institution of financial intermediation, should qualitatively improve the efficiency of its activities,…Details
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In about 10 years construction of all highways will be completed in Georgia, households across the country will have unfettered access to water supply, all municipal landfills will be replaced by modern regional centers, regions will be socially and economically developed, municipalities will be strengthened and their capacities will increase, Infrastructure Minister Irakli Karseladze has…Details
The number of people employed in the Estonian startup sector grew by 130% in five years, whereas the sum total of labor taxes paid by the sector’s companies more than tripled during the same period, Startup Estonia reported. In 2016, when systematized data on the sector began to be collected, a total of 2,625 people…Details
The Ministry of Energy and Industry of Kyrgyzstan abandoned the idea of increasing tariffs for the population. This is the recommendation given by the President of the country: the situation in the energy sector is still difficult, but the financial situation of people should also be taken into account. The low-water period continues to complicate…Details
The National Bank of Ukraine (NBU) expects further progress to be made in negotiations between Ukraine and the IMF, NBU Governor Kyrylo Shevchenko has said. “The main assumption of the macroeconomic forecast taken into account by the NBU Board is continued cooperation with the IMF. The NBU expects further progress to be made in negotiations…Details
The National Bank of Ukraine (NBU) has left its forecast for the growth of the country’s real gross domestic product (GDP) in 2021-2023 unchanged at about 4%, NBU Governor Kyrylo Shevchenko has said. “Steady consumer demand and favorable conditions for foreign trade compensate for Ukraine’s economic losses caused by tightened quarantine last winter and spring.…Details
In Q1 2021, Latvia’s state budget deficit ratio to GDP was larger than the average in the European Union, according to the data published by Eurostat for 22 EU member states. According to this data, Latvia’s budget deficit in January-March was 8.6% of GDP. In Q1, budget deficit was observed in nearly all EU member…Details