The average interest rate of householders’ term deposits stood at 0.29% in the fourth quarter of 2021, down from 0.9% a year earlier, while average interest rates on consumer loads to householders fell over the same time period, from 19.9% to 17.5%, the Bank of Estonia (Eesti Pank) said. The average interest rate on long-term…
Lithuania has come in second in the Financial Times’ latest ranking of Europe’s financially and economically advanced and entrepreneurial cities. Vilnius was assessed in the general category of medium-size cities as part of the ranking, the Lithuanian capital’s development agency Go Vilnius said. Produced by the Financial Times’ investment arm fDi Intelligence, the European Cities…
The United Kingdom steps up funding for projects in support of Ukraine and its energy independence up to GBP 100 million. “When the Prime Minister visited Kyiv earlier this month, he announced the allocation of GBP 88 million to support Ukrainian democracy and energy independence. Today, I can announce the next component of our support:…
In October-December 2021, the amount of hryvnia funds of individuals in banks increased by 8.1% QoQ and by 15.3% YoY. This is said in the Banking Sector Review published on the website of the National Bank of Ukraine (NBU). The largest increase was recorded in private and foreign banks: by 41% YoY and by 22.4%,…
Under the influence of rebounding EU economy and high inflation the value of Latvian exports and imports reached records in 2021, official statistics showed. The Latvian Central Statistical Bureau wrote in a press release, that its provisional data showed that in 2021, Latvia exported EUR 16.49 billion worth of goods, EUR 3.19 billion or 24%…
Investors are trying to withdraw their capital from Ukraine under the pressure of information threats, Prime Minister Denys Shmyhal said during the Marathon of Unity UArazom on February 16. “We are talking about a serious economic challenge. As to exchange rate fluctuations, rising inflation, there are no real macro threats to our economy now, but…
The Ukrainian Ministry of Finance raised UAH 66 million to the state budget at an auction for the placement of domestic government bonds, according to the ministry’s press service. “On February 15, at auctions for the placement of domestic government bonds, the Finance Ministry offered investors two issues of securities in the national currency. The…