As of January 31, the country’s external reserves hit $29.3 billion, up by 1.2% or by KZT 352 million MoM, the National Bank’s press service reported. However, assets in freely convertible currency decreased by KZT 415 million, to KZT 9.67 billion. Gold assets increased by KZT 768 million, to KZT 19.64 billion due to a…
The share of non-performing loans (NPLs) in Ukraine’s banking system in 2019 was below 50% for the first time in three years, having shrunk to 48.4% as of January 1, 2020. “Loan portfolio quality improved across all bank groups, except for banks with Russian capital,” the National Bank of Ukraine (NBU) said on its website.…
Finance Ministry says the Supervisory Board of the Ukrainian Startup Fund has decided to provide grants to the first eight projects that presented their ideas at the first Pitch Day on January 25. Seed grants (worth UAH 1.25 million or $50,979 each) will be provided to the following companies: AeroDrone (integrated solutions based on drones);…
Consumer inflation in Ukraine in January amounted to 3.2% YoY, slowing down from 4.1% in December 2019, according to the State Statistics Service of Ukraine. Compared with the previous month, consumer prices in January grew by 0.2%. The agency said the largest price increase in annual terms was recorded for fruit and education services –…
The State Migration Service of Kyrgyzstan issued work permits to 8,900 Chinese citizens in 2019, chairman of the service Bolotbek Ibraimzhanov reported. According to him, there are currently 1,953 Chinese citizens, who have obtained work permits in Kyrgyzstan, the remaining 5,314 citizens of the PRC have left the republic in connection with celebration of the…
The National Bank of Ukraine (NBU) estimateed that the number of Ukrainian migrant workers in Poland in 2019 was almost 1 million people. “In 2019, the number of migrant workers from Ukraine in Poland was estimated at almost 1 million people,” the NBU said in its inflation report for January 2020. “Representatives of the occupations…
President of the European Business Association (EBA), CEO of Dragon Capital Tomas Fiala says Ukraine’s economy may accelerate to 4% in 2020 with inflation at 5.2%. “We expect GDP growth at 4% this year, and at 3.7% next year, while inflation at 5.2% this year and at 6.1% in 2021,” he said at an EBA…