The first period for submitting applications to leave the second pension pillar ended on April 1 and those leaving would withdraw a total of almost EUR 1.3 billion. Significantly more people continue to collect pensions than the November 2020 survey of pollster Turu-uuringute AS showed. In November 2020, more than half, or 56%, of working-age…
Slower-than-expected vaccination of the population or emergence of new strains of COVID-19 virus could delay economic recovery until 2022 in the Kyrgyz Republic, statement by the International Monetary Fund following consultations with the Kyrgyz authorities says. It is noted that the global economic situation remains uncertain and serves as the basis for development of plans…
JCB, the largest payment system of Japan, is entering the Ukrainian market, the National Bank of Ukraine (NBU) reports. “The National Bank of Ukraine has agreed on the terms and conditions for its activity in Ukraine. The international JCB Payment System will provide services of acquiring, cash disbursement and payment for goods and services by…
The Kyrgyz economy is expected to resume growth in 2021, but the degree of uncertainty remains high, the final statement of the staff of the International Monetary Fund following consultations with the authorities says. In case of absence of a new wave of the pandemic, the economy is projected to grow by 3.8% in 2021…
The number of lasting unemployed people or residents who are unable to find a job for 12 months or more is on a rise in Latvia, the State Employment Agency’s Customers Services Management and Development Office senior expert Andris Maskalovs has said. “An increase is observed for the total number. This tendency is expected to…
The Uzbek government is intending to decrease the number of SOE’s by 75% until 2025. According to a new strategy, unveiled by the Cabinet of Ministers on March 31, at least 20 companies are set to conduct IPO and SPO. The number of independent members on the supervisory boards of enterprises with state shares is…
The Pension Fund of Ukraine is raising retirement age for women from April, as well as changing the requirements for length of service with regard to all retirees. Therefore, certain groups of Ukrainians will retire later than expected. The new changes are regulated by the Article 26 of the Law No. 1058 “On Compulsory State…