Asian Development Bank (ADB) Board of Directors has approved a $250-million policy-based loan in support of the Azerbaijani government’s second program for Improving Governance and Public Sector Efficiency Program, a source with the ADB has said. Credit funds for the implementation of the second phase of the program will be provided for 15 years. According…
Prime Minister Oleksiy Honcharuk will announce the start of a program for financing Ukrainian startups, according to the Government portal. The meeting on the launch of the program will be attended by Deputy Prime Minister, Minister of Digital Transformation Mykhailo Fedorov, Finance Minister Oksana Markarova, and Chairperson of the Supervisory Board of the Ukrainian Startup…
Deputy Governor of the National Bank of Ukraine (NBU) Serhiy Kholod says the regulator plans to have increased the share of cashless transactions with payment cards from 50% to 55% by the end of 2020. “The share of non-cash transactions by payment credit cards has already reached about 50%, which fully complies with the NBU…
Real wages of Ukrainians grew by 9.6% in January-September, Minister for Development of Economy, Trade and Agriculture of Ukraine Tymofiy Mylovanov wrote on his Facebook page. “Real wages (considering inflation) grew by 9.6% in the first nine months of 2019,” Mylovanov wrote. The minister also noted that real wages increased by 18% compared to the…
There was a 5% increase in goods and services sold in the third quarter, new figures from Statistics Estonia showed. This increase is equivalent to EUR 16.4 billion. Turnover increased in most economic areas. Trade, manufacturing, and information and communication activities contributed the most to the turnover of the business sector. The growth in the…
An auction for placement of mid-term state bonds worth 15 million manats ($8.8 million) of Ministry of Finance was held at Baku Stock Exchange (BSE) on November 26. The maturity period of the bonds is 1,092 days. During the auction 16 investors submitted 29 bids in the price range from 94.9 manats ($55.9) with a…
According to the information released by Statistics Estonia on November 27, in the third quarter of 2019 the average gross monthly wages stood at EUR 1,397, up by 8.2% YoY. Average hourly wages, meanwhile, increased by 7%, to EUR 8.01. Average gross monthly earnings totaled EUR 1,435 in July, EUR 1,365 in August and EUR…