The National Bank of Ukraine (NBU) expects that cash foreign currency will arrive in Ukraine in the next few days, Deputy NBU Governor Oleg Churiy has stated at a briefing. “Cash delivery of foreign currency is expected in the coming days. If foreign currency is transferred to banks without the participation of the National Bank,…
Average monthly earnings in Georgia increased by 117.6 GEL ($39 or EUR 34.9) in the fourth quarter of 2019 compared to the same period of the previous year and amounted to 1,319.6 GEL ($438.1 or EUR 391.8), reported the National Statistics Office of Georgia (Geostat). The highest monthly earnings were observed in the following fields:…
Kazakhstan will introduce a ban on accrual of remuneration for more than 90 days delayed payments in regard with consumer loans of individuals. The ban will be introduced on accrual of interest for delays of more than 90 days on all unsecured consumer loans of individuals, said Madina Abylkasymova, chairwoman of the Agency for regulation…
The National Bank of Ukraine (NBU) will sell $200 million on the interbank foreign exchange market. The regulator sold $270 million on the interbank foreign exchange market on March 10, about $350 million on March 11, over $220 million on March 12 and almost $150 million on March 13 to stabilize the hryvnia. The U.S.…
Lithuania’s economy may shrink by at least 1.2% this year due to the coronavirus, economists from the central bank estimate. This would be an “optimistic” scenario, according to the bank’s chairman Vitas Vasiliauskas. “We believe the economy could contract by 1.2%, meaning that the former baseline scenario changes by almost 4%. But, once again, I…
The National Bank of Ukraine sees no grounds for default on Ukraine’s obligations, says Yakiv Smolii, Governor of the National Bank of Ukraine. “We see no grounds for such developments and don’t consider today the option of default for Ukraine,” Smolii told reporters in Kyiv. (UNIAN/Business World Magazine)
In 2019 the share of households who paid for usual necessary expenses with difficulty or great difficulty constituted 28.6%, down by 7.1% YoY. The share of households making ends meet with some difficulty or fairly easily increased between 2018 (56.8%) and 2019 (62.4%), as had the proportion of households making ends meet easily or very…