The MIA Instant Payments System shows outstanding results with over 750,000 users, about 13 million transactions and a total volume exceeding 12 billion lei in one year and a half after its launch. The figures have been unveiled by First Vice Governor of the National Bank of Moldova (BNM) Petru Rotaru, who participated in the…
House price growth in Slovakia slowed over the summer, even as mortgage lending returned to pre-rate rise levels. According to the National Bank of Slovakia (NBS), average prices rose by 1.5% between June and August, down from more than 4% in the first quarter. Prices in August were still 12% higher than a year earlier.…
Lithuania’s new government has pledged to raise pensions and child benefits as part of its program to combat poverty, but lawmakers and anti-poverty organisations warn the measures may be insufficient without broader increases in social spending. Social Security and Labour Minister Jurate Zailskiene acknowledged that poverty in Lithuania was declining slowly. She said the government…
On October 1, Ukraine received a EUR 4-billion tranche from the European Union under the G7 Extraordinary Revenue Acceleration for Ukraine (ERA) initiative. In total, within the ERA instrument, the Ministry of Finance has already attracted EUR 14 billion from the EU, out of the EUR 18.1 billion foreseen. The remaining funds are expected to…
On September 29 in Kyiv, Minister of Finance of Ukraine Sergii Marchenko met with the newly appointed Ambassador Extraordinary and Plenipotentiary of the Federal Republic of Germany to Ukraine, Heiko Thoms. Sergii Marchenko congratulated the Ambassador on his recent appointment. The meeting was also attended by Deputy Minister of Finance Olga Zykova and Government Commissioner…
In Lviv, the first factory has opened in the Sygnivka Industrial Park – a production facility of USP, a leading Ukrainian sandwich panel manufacturer. The company already operates in several regions of Ukraine, making its expansion to Lviv a logical step in its growth and increased industrial presence across the country. This is a significant…
Latvia has borrowed 1.25 billion euros on international financial markets, according to information published by the State Treasury. On September 25, the State Treasury, on behalf of Latvia, priced a 10-year eurobond issue, raising 1.25 billion euros with a yield of 3.583% and a fixed coupon rate of 3.5%. Latvian government securities were purchased by…