The World Bank’s Board of Executive Directors has approved a $100-million loan to Ukraine’s state-owned Ukreximbank to be used for the special-purpose medium- and long-term lending to export-oriented small and medium-sized enterprises. The current Access to Long-Term Financing project for a total of $150 million has been implemented since June 2018 and already provided a…
Ukraine’s international reserves in May shrank by 0.6%, to $27.840 billion in the equivalent as of June 1. The reduction was due to the repayment of external and internal debts by the state, which were partially offset by foreign exchange (FX) earnings in favor of the government, the press service of the National Bank of…
During the last year income of more than one fifth (21%) of Latvian households reduced, of 66 % – did not change, but of 13% – increased. In turn, in the following 12 months majority of households (78%) expect that their total income will not change, 15% – expect that their income will increase and…
In May, the consumer price index increased by 0.9% MoM and by 3.6% YoY. Rising prices of motor fuel and electricity were behind the increase. Goods were 2.9% and services 4.4% more expensive than in May last year. Viktoria Trasanov, lead analyst at Statistics Estonia, said, compared to May 2020, the consumer price index was…
In January-May, Ukrainian exports grew by more than 25%, or almost $5 billion, Prime Minister Denys Shmyhal reported on Facebook. According to him, over this period, exports to China, the United States, Turkey and Great Britain increased by almost 50%. “The favorable external environment, as well as the expansion of the export geography through the…
The board of Riga Central Market – board chairman Artis Druvinieks and board member Kaspars Zauls – have stepped down. According to Riga City Council’s Communication Office, officials have informed Riga city CEO and shareholders in the company Janis Lange of their decision. Lange said Riga Central Market needed a new and capable management that…
The Verkhovna Rada on June 3 adopted at the second reading and in general a draft law on amendments to the Tax Code to introduce value-added tax on digital services provided by global tech giants. The bill No. 4184 saw support of 283 people’s deputies with the required minimum of 226 votes. The memo to…