Ukraine calls on heads of U.S. and European banks to sever ties with companies that trade Russian oil and stop providing credits to finance Russian war crimes. “Economic advisor to the President of Ukraine, Oleg Ustenko wrote to bankers including JPMorgan Chase’s Jamie Dimon and HSBC’s Noel Quinn, asking them to stop financing companies that…
Since the beginning of the full-scale war of the Russian Federation against Ukraine, international partners have provided almost $13 billion in financial aid to Ukraine. “The international aid intensified at the end of June. Thanks to this, Ukraine received about $4.4 billion in June and in the first days of July. In total, since the…
The small and medium enterprises will benefit from a financial assistance in order to enhance the competitiveness at export. The parliament on July 15 ratified an agreement on loan with the International Bank for Reconstruction and Development (IBRD) and an agreement on financing with the International Development Association (IDA). Economics Minister Sergiu Gaibu unveiled the…
On July 14, Latvia’s Saeima passed in the second and final reading urgent amendments to the Law on State Pensions. These amendments provide for indexation of state pensions two months earlier than usual this year – in August. “Earlier than usual indexation of pensions is proposed to provide support to pensioners in a situation of…
Prices of consumer goods and services (Consumer Price Index, CPI) increased by 15.5% YoY and by 1.5% MoM in June, the Central Statistical Office (GUS) reported. The final figure is 0.1% lower than the flash estimate for June published by GUS two weeks ago. In May, the prices of consumer goods and services increased by…
With Lithuania recording one of the highest inflation rates in the euro zone, Finance Minister Gintare Skaiste says it is because the country’s economy has avoided a significant downturn during the pandemic. “During the pandemic, Lithuania’s economy, like of the other Baltic States, was relatively less affected than the other European Union countries,” Skaiste has…
Since the beginning of the full-scale war, the National Bank has purchased UAH 225 billion worth of domestic government military bonds, Deputy Chairman of the National Bank, Serhiy Nikolaychuk has said. “Since the beginning of the war, the National Bank has purchased UAH 225 billion ($7.6 billion) worth of military bonds from the government. Of…