Five out of ten members of the Monetary Policy Committee (MPC) of the National Bank of Ukraine (NBU) believe that the key policy rate should be further raised this year. “The NBU will have to further raise the key policy rate this year to ensure that inflation returns to its 5% target in 2022, five…
European Bank for Reconstruction and Development (EBRD) has maintained Latvia’s GDP outlook for 2021 unchanged. The country’s economic growth is expected to be the most rapid among the Baltic States. The bank’s latest outlook estimates Latvia’s economic growth to reach 3.5% this year. Commenting on this year’s outlook, EBRD notes that the slow speed of…
The turnover of retail trade enterprises was EUR 778 million in May, up by 18% YoY at constant prices, data from Statistics Estonia showed. Jaanika Tiigiste, leading analyst at Statistics Estonia, explained that turnover growth of retail trade enterprises in May was mostly influenced by stores selling manufactured goods, where turnover increased by 32%. “The…
Uzbek and Turkish entrepreneurs inked 25 documents worth over $679 million, as they attended an Uzbek-Turkish business forum in Tashkent on June 28-29. The event was organized as part of Turkish delegation’s visit to Uzbekistan. The forum saw presentations by the heads of ministries and industry associations, which were focused on projects in the fields…
On June 29, the Ukrainian Finance Ministry raised UAH 2.5 billion towards the state budget as a result of auctions on the placement of domestic government bonds, the Finance Ministry wrote on its Facebook page. The Finance Ministry offered investors seven issues of hryvnia-denominated bonds, with a maturity of 3 months, 1 year, 1.5 year,…
Foreigners are very interested in working in Estonia and attracting talent to Estonia is the easiest part of recruiting, a new study shows, but employers expect more help from the state during the process. The study was carried out by the Center for Applied Social Sciences (CASS) of the University of Tartu on behalf of…
Turkey and Uzbekistan increased their trade volume by 83% YoY, to $1.3 billion in January-May despite the pandemic conditions, the Turkish vice president Fuat Oktay said on June 28 as he addressed the Uzbekistan-Turkey Business Forum in Tashkent. The event was organized by Turkey’s Foreign Economic Relations Board (DEIK) as part of the 6th Meeting…