National Bank chairman Yerbolat Dossayev focused on the national payment system and exchange market development. “One of the priorities of the National Bank is to fight the shadow economy and increase the share of paperless payments. To this end the National Bank, financial market development and regulation agency and Government will prepare the national payment…
Kyrgyzstan’s GDP increased by 4.5% in 2019 against the forecast of 4%, according to the information provided by the government’s press service. The GDP growth is provided by all sectors of the economy: the growth is observed in the construction industry – 10.6%, in agriculture – 2.6%, in services – 2.9%, and in industry –…
Last year, investors’ opinion of the competitiveness of Latvia’s economy improved for nearly all indexes, as reported by EY Latvija representatives. At the same time, investors say there is a growing need for national level marketing and downstream improvements to the internal ecosystem. From a total of 17 different factors investors are the most positive…
Kazakhstan’s gold and currency reserves reached $29 billion, according to the National Bank Chairman Yerbolat Dossayev. “Despite an instable situation at foreign markets and fall in annual average oil prices from $71.7 per barrel in 2018 to $64.2 per barrel in 2019, Kazakhstan’s gross international reserves in 2019 rose by 2.3% and reached $91 billion.…
Exports from Georgia to the EU increased by 13% YoY in 2019, and reached $825.7 million, while imports decreased by 7.4%, to $2.32 billion, showed preliminary data from the National Statistics Office of Georgia. Georgia’s top trading partners were Turkey ($1.82 billion), Russia ($1.47 billion) and China ($1.09 billion) in 2019. In 2019 the share…
Among food delivery services operating in Estonia, two of the biggest competitors are the Finnish Wolt, which has operated on the Estonian market for years, and the Estonian Bolt, which entered the food delivery market last year, and while the newcomer sees no issue with the competition, leaked internal correspondence shows that Wolt is struggling…
Only 12.8 million Ukrainians of 28.5 million working-age citizens are legally employed in Ukraine, while the rest have either found jobs beyond Ukraine’s borders or have no contractual ties with their employers at home, says economy minister Tymofiy Mylovanov. Informal employment, Mylovanov says, means that most Ukrainians are not protected by labor legislation. “The amendments…