The European Commission has approved Estonia’s EUR 9.9-million aid plan for tourism companies and sectors directly affected by the coronavirus wave. The plan was approved on the basis of the temporary framework for state aid and the funds would be disbursed in the form of direct payments, according to the European Commission Representation in Estonia.…
The public and government-guaranteed debt of Ukraine in February decreased in national currency by UAH 5.3 billion, to UAH 2.553 trillion, the Ministry of Finance reported. At the same time, it increased in dollar terms by $0.67 billion, to $91.41 billion, said the ministry’s press service. “In February, the volume of the state and state-guaranteed…
The unemployment rate in Ukraine in the fourth quarter of 2020 increased by 0.6% QoQ, from 9.5% to 10.1%, with the actual number of officially unemployed citizens amounting to 1.8 million, the State Statistics Service reported. The number of employed citizens aged 15-70 in the fourth quarter of 2020 amounted to 15.7 million, while the…
In February, Latvian residents performed 27% of their weekly transactions in cash form (36% last year), according to data of the Transaction Radar of the Bank of Latvia. At the same time, the average number of transactions performed by residents in cash form every week has also reduced. While in February 2020 residents performed an…
According to preliminary data from Statistics Estonia, the country’s gross debt level in 2020 was 18% of the gross domestic product (GDP). The general government deficit was 4.8%. The general government sector comprises three sub-sectors: central government, local governments and social security funds. According to Evelin Ahermaa, an analyst at Statistics Estonia, last year, expenditures…
Latvia’s state budget program for emergencies will be increased by another EUR 500 million this year, to EUR 1.32 billion. Initially it was planned to allocate EUR 26.73 million towards this budget program in 2021. In January, Finance Ministry submitted an order to the government and Crisis Management Council to increase this amount by EUR…
In January, state debt of Kyrgyzstan reached $750.6 per capita. The debt burden increased by $3.8 over the month. According to the Ministry of Finance, as of January 31, the state debt (external plus internal) of Kyrgyzstan amounted to $4,954.11 billion (420,108.67 billion soms), including $4,221.61 billion (357,992.44 billion soms) of external and $732.5 million…