At the end of May, the nominal value of Latvian state debt was EUR 13.4 billion, up by EUR 909 million or by 7.3% from the end of 2020, according to information from the Ministry of Finance. The ministry explained that the increase of the state debt was dictated by the issue of ten-year euro…
Latvian ministries have submitted financing requests worth EUR 1.68 billion from the next year’s state budget, as reported by Ministry of Finance. The Ministry of Finance has compiled the financing requests submitted by ministries and state institutions for priorities. In total, ministries have submitted financing requests worth EUR 1.68 billion for the 2022 state budget.…
The National Bank of Ukraine (NBU) has updated some regulations governing the execution of foreign exchange transactions by non-bank financial institutions to bring them in line with the Ukrainian law, the NBU press service reports. “The amendments provide that from July 1 the format and content of a settlement document of an electronic fiscal device…
JSC Ukrzaliznytsia transferred UAH 750 million of dividends for 2019 to the state budget, according to the company’s press service. “Ukrzaliznytsia always fulfills its obligations to the shareholder – the state. In 2020, the government’s decision postponed the company’s payment of dividends for 2019. Due to the implementation of the anti-crisis plan, we have now…
Over the first six months of 2021, eleven export markets opened for Ukrainian producers, almost as many as in 2020 when 12 export markets opened. As the State Service of Ukraine for Food Safety and Consumer Protection informs, the markets of Lebanon, Japan, Argentina, Libya and Kuwait have opened for Ukrainian producers of milk and…
Five out of ten members of the Monetary Policy Committee (MPC) of the National Bank of Ukraine (NBU) believe that the key policy rate should be further raised this year. “The NBU will have to further raise the key policy rate this year to ensure that inflation returns to its 5% target in 2022, five…
European Bank for Reconstruction and Development (EBRD) has maintained Latvia’s GDP outlook for 2021 unchanged. The country’s economic growth is expected to be the most rapid among the Baltic States. The bank’s latest outlook estimates Latvia’s economic growth to reach 3.5% this year. Commenting on this year’s outlook, EBRD notes that the slow speed of…