Online commerce in Estonia has grown by over 50% since 2017, according to SEB Bank, with the market share of online merchants increasing to 11% over the same period. Much of the growth comes from relatively recent types of e-commerce, such as ride-sharing and food delivery services, with large, international e-stores seeing the largest increases.…
The National Bank of Kyrgyzstan has raised the discount rate by 0.75%, to 5%. This decision was made by the Board of the National Bank of the Kyrgyz Republic. The National Bank noted that prices in Kyrgyzstan showed moderate growth. As of February 14, inflation rate was 3.9% in annual terms. The rise in prices…
The Ministry of Economic Development, Trade and Agriculture of Ukraine is monitoring the situation with the coronavirus outbreak in the world and its impact on the global economy, but does not yet see any negative consequences for the Ukrainian economy, Minister of Economic Development, Trade and Agriculture of Ukraine Tymofiy Mylovanov has said. “We are…
19,137 foreign nationals are working in Kazakhstan to date, according to the Ministry of Labor and Social Protection, Kazinform reports. 753 of them (4%) are the first category workers (senior executives and their deputies); 4,363 (23%) are working as second category employees (heads of structural divisions); 9,613 (50%) are the third category employees (specialists); 1,749…
Ukraine’s largest state-owned PrivatBank said Ukrainians in 2019 received $1.16 billion from abroad via money remittance systems through the banks’ services. In particular, major money transfers to Ukraine via PrivatBank arrived from the United States ($194 million), Israel ($169 million), Italy ($107 million), Russia ($97 million) and Poland ($73 million), the bank’s press service reported.…
Ukrainian Minister for Development of Economy, Trade and Agriculture Tymofiy Mylovanov believes that in the current conditions the National Bank of Ukraine (NBU) has every reason to reduce its key policy rate to 7% before the middle of 2020, rather than at the end of the year the regulator projected earlier. “According to the National…
The exceptionally warm winter this year has had a negative effect on economic growth, says a senior economist from Swedbank. The fall in logging activity and energy generation, which the mild conditions have brought, have not been mitigated by any improvements in construction or agriculture, Liis Elmik, Swedbank senior economist, has said. “While predicting the…