Ministry of Finance submitted to the European Commission Recovery and Resilience Facility plan on April 30. This puts Latvia among EU member states that have prepared and submitted their recovery plan to the EC, as reported by the ministry. 12 out of 27 EU member states – Austria, Belgium, Denmark, Germany, Greece, Spain, France, Italy,…
In January-March, the volume of issued mortgage loans in Ukraine increased more than twofold YoY and amounted to UAH 1.4 billion. This is evidenced by the findings of a survey of banks conducted by the National Bank of Ukraine (NBU), the central bank’s press service reports. “In total, banks issued 1,811 loans worth almost UAH…
After checking the use of EUR 14.5 million provided by the Latvian Ministry of Culture to help the culture sector overcome Covid-19 crisis, the State Audit (VK) concluded that this financing was mostly used appropriately, as reported by VK Fourth Audit Department Director Inga Vilka at a meeting with Saeima’s Public Expenditures and Audit Committee.…
Uzbek state agency UzAssets has unveiled the list of the most profitable and unprofitable state-owned enterprises (SOEs) in the country. The number of SOEs in the country currently stays at 2,578. Top-10 by profit: Almalyk mining and metallurgical complex – $370.9 million, Uzbekneftegaz – $323.3 million, Ferghanaazot – $27.8 million, Uzmetkombinat – $20.8 million, Hududgaztaminot…
In April, the general fund of the state budget received UAH 94.1 billion, which was 96.9% (-UAH 3 billion) of the target for this period, the press service of the Finance Ministry reported referring to data provided by the State Treasury Service. The ministry explained that the non-fulfillment of the April target was primarily due…
Riigikogu speaker and former prime minister Juri Ratas’ criticisms of the recently-unveiled state budget strategy are puzzling, given he has been involved in discussions on the topic and his party, Center, is one of the two coalition partners which reached an agreement on the strategy, Prime Minister Kaja Kallas (Reform) says. “It is strange when…
The President of Kyrgyzstan signed a new Constitution on May 5. Then Sadyr Japarov addressed a message to the people. He noted that the energy sector needed a large-scale technological modernization, requiring significant investments, and it was necessary to ensure uninterrupted supply of electricity, heat and the country’s energy security. “The growing demand for energy…