A study carried out by credit management service company Intrum showed that 65% of Estonians reduced their daily expenses due to the COVID-19 pandemic, which was the highest figure in Europe. However, the Estonian retail sector has shown signs of rapid recovery. Estonia was the clear leader in the ranking. The country was followed by…
There are more than two thousand online stores in Kazakhstan, Bakhyt Sultanov, Minister of Trade and Integration of the Republic of Kazakhstan, has announced at a Government meeting. “COVID-19 pandemic leads to a significant growth in online shopping. The increase in sales through B2C (Business-to-Consumer) channels is especially noticeable in online trade of medicines, household…
Ukrainian banks within the framework of the government program “Available loans 5-7-9 %” have already issued to businesses across country a total of 1,446 loans worth UAH 2.413 billion. Over the past week alone, 196 new loans were approved in the amount of UAH 638 million, according to the press service of the Ministry of…
A significant increase in the minimum wage in Ukraine may affect macroeconomic indicators and inflation in general, according to the National Bank of Ukraine (NBU), Deputy NBU Governor Dmytro Sologub has said. “If there is an increase in the minimum wage and it is significant enough, it will affect macroeconomic indicators, budget indicators, inflation and…
Baiterek Holding through its subsidiaries – KazakhExport and the Development Bank of Kazakhstan – continues to actively support Kazakh exporters. Over six months of 2020, the export insurance company KazakhExport provided insurance support to 49 exporters (13 of which received support for the first time) in the amount of KZT 26.4 billion. In 2019, the…
The government is expecting a 3% budget deficit due to the impact of the coronavirus and the crisis, which followed it, Dmitri Jegorov, undersecretary of Tax and Customs Policy at the Ministry of Finance, has said. Jegorov said: “We reckon with a fall of 3% in the government sector, which means hundreds of millions of…
In May, migrants transferred $165.3 million to Kyrgyzstan, twice as much as in April, the National Bank reported. Compared to May 2019, the figure decreased by $29 million, or by 15%. Compared with December 2019, the decrease is $49.6 million, or 23%. In 5 months, at least $699.32 million have been transferred to the republic.…