Minister of Finance Keit Pentus-Rosimannus (Reform) has announced that the government is planning to create a supplementary budget that will among other things extend payouts of wage support and sick leave compensation. The finance minister has previously said the government prefers using the Unemployment Insurance Fund, the government’s reserves, EU crisis support funds, Enterprise Estonia…
Ukraine’s gross public and publicly guaranteed debt in hryvnias is UAH 2.558 trillion, or more than $90 billion, and this amount is acceptable and has been agreed with all ministries and international partners, according to Prime Minister Denys Shmyhal. He said this during a question-and-answer session in parliament. “As of late January, the amount of…
Inflation ran at 0.6% YoY in February, state agency Statistics Estonia reported. The Consumer Price Index (CPI) rose slightly more between January and February, at 0.9%, Statistics Estonia reported, though goods actually saw a deflation of -0.6% YoY on the CPI, while services cost 2.7% more than in February 2020. Statistics Estonia leading analyst Viktoria…
President Shavkat Mirziyoyev attended the 14th summit of the Economic Cooperation Organization (ECO) on March 4. The event was chaired by Turkish President Recep Tayyip Erdogan. In his address, Mirziyoyev named the space of the Economic Cooperation Organization a region with huge potential, a common history, religion, culture and values. He also underlined that the…
The National Bank of Ukraine (NBU) forecasts that remittances from migrant workers to Ukraine will amount to $13 billion in 2021, up by 8% YoY, Deputy NBU Governor Yuriy Heletiy has said. “In 2021, remittances from migrant workers are expected to grow by 8%, to about $13 billion,” Heletiy said at a briefing. He added…
Wage growth in Estonia is much slower than before the crisis, as labor shortages are notably smaller than they were in previous years, Bank of Estonia (Eesti Pank) economist Orsolya Soosaar has said, commenting on recently published average wage data. On March 2, Statistics Estonia published data showing the average gross wage in Estonia in…
In 2020, the share of cashless payments using payment cards in Ukraine rose by 25% YoY, the press service of the National Bank of Ukraine (NBU) reported. “In total, the number of non-cash transactions using payment cards increased by 25% in 2020, compared to 2019, and amounted to 5,211.2 million operations, and the volume rose…