Ukrainians in July sold $1.543 billion in cash through the banking system, up by $222 million from what they bought ($1.321 billion). Thus, foreign currency sales exceeded purchases for the eighth month in a row, the National Bank of Ukraine said on its website. Since the beginning of the year, sales of cash foreign currency…
The National Bank of Ukraine (NBU) has estimated how much money has been sent by Ukrainian migrant workers home since the beginning of the year. From January to June, private remittances via official and non-official channels to Ukraine totaled $5.365 billion in the equivalent; while those from Ukraine stood at $246 million in the equivalent,…
E-sports should become a part of Ukraine’s economy, as competitions and game development can replenish the state budget. “E-sports is a powerful global trend. About 600 million people, including millions of Ukrainians, are engaged in this activity. Thus, e-sports should become a part of our country’s economy as competition, infrastructure and game development can significantly…
In June, retail trade size in Latvia, when compared to the same month of 2019, increased by 4.6%, which was higher than the average in the European Union, according to data compiled and published by Eurostat for 24 member states. When compared to the same month of 2019, a more rapid retail trade growth was…
The Ministry of Economy of Kyrgyzstan has developed a draft resolution on imposing a tax on cryptocurrency mining. The document has been submitted for public discussion. As background statement says, it is proposed to approve a mining tax report form and the procedure for filling and submitting it. An entrepreneur intending to pay the mining…
As the emergency situation in the country was lifted, the share of employees working remotely reduced. In June, a total of 15.5% or 117.1 thousand of employees aged 15-74 years worked remotely, down by 2.7% or by 18.8 thousand MoM. 70% of women and 30% of men were working remotely. In June, one fifth of…
Lithuania’s GDP contracted by 3.7% YoY in the second quarter of 2020, a smaller dip than previously expected. The quarterly GDP stood at 11.5 billion euros at current prices, having shrunk by 5.1% QoQ, Statistics Lithuania said on July 30. “The second-quarter contraction was mostly due to services. Manufacturing had the second-biggest impact and construction…