According to Enterprise Estonia (EAS), tourism exports fell by 63% or by EUR 1.3 billion in 2020, reaching only EUR 763 million. “Especially in a small country, it is clear that our prosperity or lack thereof depends primarily on the extent to which we are able to sell goods and services outside Estonia,” Liina Maria…
Ambassador of the People’s Republic of China to Ukraine Fan Xianrong says China is interested in increasing exports of Ukrainian goods, especially food. He said this during a meeting with Ukraine’s Deputy Prime Minister for European and Euro-Atlantic Integration Olha Stefanishyna. During the meeting, the interlocutors considered the state of implementation of the decisions of…
In January, migrants transferred $151.5 million to Kyrgyzstan, down by $65.5 million MoM. The National Bank of Kyrgyzstan presented such data. Compared to January 2020, the figure increased by $3 million. Russia accounts for more than 97% of remittances – $146.9 million. $1.1 million was transferred from other states to the Kyrgyz Republic and $2.4…
Uzbekistan’s external debt soared to $21.2 billion, or 36.5% of GDP, as of the end of 2020. This was almost exactly in line with an October 2020 forecast of Fitch Ratings. Five years ago, the GDP ratio stood at 16%. Tashkent has justified the rising external borrowing by pointing to social demands that require urgent…
Imports rose by 13% YoY in January, state agency Statistics Estonia reported, while exports grew by 4%. Evelin Puura, Statistics Estonia leading analyst, said the primary contributor to foreign trade in January was the increased trade in oil products and mineral fuels, partly the result of higher prices global crude oil prices. Meanwhile, the largest…
On March 10, the State Treasury issued ten-year bonds on financial markets on Latvia’s behalf, raising financing of EUR 1.25 billion. The ten-year bonds have profitability of 0.105% and a coupon rate 0.000%, which is historically the lowest level of long-term bond profitability and coupon level achieved for Latvian state bond issue on international financial…
Ukraine is implementing 40 projects in cooperation with international financial institutions (IFIs), the press service of the Finance Ministry has reported referring to data as of March 1. The total amount of loans under joint programs is EUR 5.66 billion and $3.09 billion. Of these funds, $1.73 billion and EUR 1.69 billion have been already…