Georgia will be one of the first countries in the region to start negotiations on a free trade agreement with the United Arab Emirates (UAE), Georgian Economy Minister Natia Turnava has announced after the meeting in the Ministry of Economy of the UAE. “It is important that the talks will start without a feasibility study,…
Budget deficit is expected to reach 9 billion soms in 2022, the First Deputy Minister of Economy and Finance of Kyrgyzstan Almaz Baketayev has announced at a public hearing of the draft republican budget for 2022 and forecast for 2023-2024. According to him, the total revenues of the republican budget, taking into account state investment…
The draft state budget for 2022 provides for UAH 3 billion for the program to support Ukrainian entrepreneurs “Affordable Loans at 5-7-9%”, the Finance Ministry has written on its Facebook page. “The draft budget for 2022 is an investment in people, the country and the future. One of the priorities of the budget is the…
The draft state budget for 2022 envisages 21% of expenditures on the security and defense sector, to the Minister of Finance, Serhiy Marchenko has said. In total, UAH 319.4 billion will be spent on national security and defense, which corresponds to 5.95% of GDP. “These are expenditures within budget programs run by the Ministry of…
People struggling to pay their heating bills will be offered financial assistance, Prime Minister Ingrida Simonyte said on September 21. The government will take into account the rising heating costs, which are due to grow by more than 50% for households, and “it will be reflected in the budget”, the prime minister told reporters. Price…
In August, actual unemployment rate comprised 6.9%, down by 0.6% MoM. The actual unemployment rate in the country has not been this low since December 2019 (6.6%). The unemployment rate for females decreased by 0.4%, to 5.7% in August, and for males by 0.7%, to 8.1%, according to Data of the Labor Force Survey conducted…
It is proposed to double the size of the authorized capital of pawnshops – from 500,000 to 1,000,000 soms. The Ministry of Economy and Finance of Kyrgyzstan submitted the corresponding amendments to the resolution of the Cabinet of Ministers for public discussion. The ministry noted that the licensing of pawnshops began in July 2017. Then…