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…
No increase of the tax burden as a result of the reform is acceptable, Prime Minister Krisjanis Karins has said after meeting with coalition partners. Karins promised to do everything to ensure the government is able to look at Finance Ministry’s prepared report on possible changes to the tax system, put rumors to rest and…
The National Statistical Committee of Kyrgyzstan has summed up the results of five months of 2020. According to the committee, $699.3 million have been sent to Kyrgyzstan from abroad over the reporting period. As the National Statistical Committee says, this is the lowest figure in the last five years. Remittances to Kyrgyzstan amounted to $699.3…
President of Ukraine Volodymyr Zelensky has formed a delegation to take part in negotiations with the Republic of North Macedonia on revision of the free trade agreement. The corresponding decree was signed by the Head of State on August 10. “The document, in particular, approves the new composition of the Ukrainian delegation led by Deputy…
Exports of goods recovered from the spring coronavirus pandemic and remained at approximately the same level in June as in June 2019, according to the state agency Statistics Estonia, though imports fell by 8%. Wood and metal industries were the main driver for the recovery, the agency said. When taken as a whole for the…
The share of cashless payments in Ukraine in January-June increased by 5.7% YoY, to 55.1%, and the total number of cashless transactions rose by 4.1%, to 86.1% (3.36 billion), according to the website of the National Bank Ukraine (NBU). According to the NBU, the total number of transactions (non-cash and cash withdrawals) using payment cards…