Arrears in wage payments across Ukraine as of June 1 increased by 3.5% YoY, amounting to UAH 2.561 billion ($95.46 million), the State Statistics Service reports. Arrears in wages to employees of economically active enterprises increased by 6.5%, to UAH 1.411 billion ($53.87 million). (UNIAN/Business World Magazine)
The International Monetary Fund (IMF) expects economic activity to remain strong in Georgia, supported by a favourable global environment and the firm implementation of program policies. The Executive Board of the IMF approved the completion of the second review of the three-year Extended Fund Facility (EFF) arrangement for Georgia on June 27. Following the Executive…
The surplus of Ukraine’s balance of payments in May was estimated at $266 million. As was the case last year, the country’s current account balance was close to zero, the National Bank of Ukraine said on its website. However, it did not share information about the balance of payments for the period from January to…
In May the overall government-guaranteed state debt of Ukraine decreased by $0.79 billion, to $76.26 billion, the Finance Ministry’s press service reports. According the ministry, the state debt in hryvnia equivalent over the reporting month declined by UAH 27.97 billion, to UAH 1.993 trillion. Earlier the National Bank reported it expected the state debt reduction…
The National Bank of Ukraine expects a moderate acceleration in the growth of the Ukrainian economy in the second quarter of 2018, the press service of the NBU reported. “In the second quarter of 2018 the National Bank expects a moderate acceleration in the growth of the Ukrainian economy. The preservation of business expectations of…
The National Bank of Kyrgyzstan intends to increase the share of gold in the gross international reserves from 16% to 50%, the Chairman of the National Bank Tolkunbek Abdygulov stated. According to him, this is what the National Bank can do in an attempt to protect itself from the volatility of currencies in China and…
Prime Minister of Ukraine Volodymyr Groysman has stated that the foreign debts accumulated for 2005-2013 impede raising social standards in Ukraine now. He said this at a meeting of the Verkhovna Rada Committee on Economic Policy. “In 2005-2013 Ukraine accumulated almost $50 billion in foreign debts. This year we have to spend UAH 130 billion…