The National Bank of Ukraine (NBU) decided to increase to EUR 200,000 the e-limit on some foreign exchange transactions by individuals to transfer funds abroad or into accounts that nonresident legal entities have opened in Ukraine. The ruling came into effect on February 5. “The NBU estimates that this easing measure will not disrupt the…
Prime Minister Denys Shmyhal says that in order to accelerate economic growth, the Ukrainian government will continue to stimulate government programs aimed at facilitating access to financial resources. The prime minister stated this at a special gathering of business community “EBA Global Outlook 2021: the Year of Big Questions”, when asked how the government would…
Registered unemployment in Estonia increased to 8.3% in December 2020 with the largest rate of unemployment present in Ida-Viru County. The most common for unemployed persons registering with the Unemployment Insurance Fund (Tootukassa) last year was layoffs. In 2020, the fund registered a total of 110,942 unemployed people, up by 30.6% YoY. There were 87,877…
Ukraine’s trade turnover in January amounted to $8.14 billion, down by $140 million YoY, according to data provided by the State Customs Service of Ukraine. In January, Ukraine imported goods worth $4.2 billion (imports increased by $87 million, or by 2%). Exports from Ukraine amounted to $3.9 billion (down by $227 million, or by 5%).…
The Deposit Guarantee Fund of Ukraine and the World Council of Credit Unions (WOCCU) have signed a memorandum of cooperation aimed at providing a favorable environment for the development of credit unions, the Fund’s press service reports. “On February 2, the Deposit Guarantee Fund and the World Council of Credit Unions (WOCCU) signed a Memorandum…
State budget looses billions of soms due to flour smuggling, Acting Minister of Agriculture and Land Reclamation of Kyrgyzstan, Tilek Toktogaziev, has announced at a press conference. At least 62 flourmills operated in Kyrgyzstan in 2013. The annual flour production reached 450,000 tons. Only eight flourmills are working in 2020. “We have only 150,000 tons…
Finance Minister of Ukraine Serhiy Marchenko has signed a protocol on amendments to the Ukrainian-Danish Intergovernmental Convention on the Avoidance of Double Taxation, according to the ministry’s press service. The said protocol amends the Convention in order to bring its provisions in line with the OECD Model Tax Convention. In particular, the protocol provides for…