Despite the global coronavirus crisis, Estonian startups generated EUR 364.5 million in turnover in the first six months of 2020, up by 40% YoY, Startup Estonia reported. Among Estonian startups, the biggest turnovers were generated in the six-month period by Bolt (EUR 132.7 million), Pipedrive (EUR 30.6 million), Adcash (EUR 16.5 million), Starship Technologies (EUR…
The National Bank of Kyrgyzstan has allocated over 6 billion soms to support the domestic economy and the real sector, Chairman of the National Bank, Tolkunbek Abdygulov, has announced during an online meeting with the President. According to the Chairman of the National Bank, more than 3 billion soms have been provided to commercial banks…
GDP of the Kyrgyz Republic will fall by 10% in 2020 due to the coronavirus pandemic. The joint socioeconomic assessment “COVID-19 in the Kyrgyz Republic: Socioeconomic and Vulnerability Impact Assessment and Policy Response”, prepared by the Asian Development Bank, the United Nations Development Programme and the Economic Policy Research Institute in the Kyrgyz Republic’s Ministry…
Considering that state support to help reduce the impact of COVID-19 crisis on the economy has already reached 9% of Latvia’s GDP, the Fiscal Discipline Council (FDP) has once again asked the government to limit new economy-stimulating measures and instead start thinking about gradual reduction of the state debt. This much was concluded by FDP…
More than 58 million GEL (about $18.80 million or EUR 15.97 million) was brought into the state budget by the sale of state property in the seven months of 2020, the National Agency for State Property reported. The agency noted that according to data for the first two quarters of 2020, the privatization plan was…
Consumer spending has returned to the levels it was a year ago, at least with bankcard payments, according to SEB bank, fueled in part by a rise in spending on entertainment and tourism after a hiatus during the peak of the COVID-19 pandemic. However, this does not necessarily mean a return to business as usual…
In July, consumer prices in Ukraine decreased by 0.6% MoM, according to data provided by the State Statistics Service. Consumer prices in July against June decreased by 0.6%; against December 2019 increased by 1.4%; against July 2019 – by 2.4%. In total, in January-July, consumer prices increased by 2.4% YoY. Core inflation in July was…