The Cabinet of Ministers, Ukraine’s government, plans to introduce a funded pension system in Ukraine from 2021 and stimulate the development of a private pension system. The Cabinet also intends to adapt to the EU laws Ukrainian legislation on private pension funds to enhance protection of property rights and interests of pensioners, according to the…
Director of Expert Assessments Institute Viacheslav Butko has said the official forex rate of the hryvnia, Ukraine’s national currency, will remain stable in summer thanks to financial assistance from the International Monetary Fund (IMF) and the European Union. “Since we have received an IMF loan and we have received financial assistance from the EU, we…
The first meeting of the public council on the development of ecotourism of the Ile-Alatau National Park was held in Almaty. The public council consists of 19 members including representatives of tourism organizations, scientists, athletes, businessmen, eco-activists and public figures. The meeting was opened by Yerlan Nysanbayev, Deputy Minister for Ecology, Geology and Natural Resources.…
The international reserves of Ukraine until the end of 2020 may exceed the level of $27.2 billion in the April forecast of the National Bank of Ukraine (NBU), the press service of the regulator has reported. “The relatively favorable situation in the world commodity markets, a significant decline in imports and the signing of a…
As of June 1, losses of budget of Kyrgyzstan amounted to 14.1 billion soms, the Deputy Prime Minister of the country, Erkin Asrandiev, announced. According to him, the state budget did not receive 6.4 billion soms in taxes, including the republican budget did not receive 5.5 billion soms. Shortfall in customs duties and fees is…
Prime Minister Denys Shmyhal expects Ukraine’s economy to grow from the beginning of the third quarter and sees no reason for collapse in the fall. “We have macroeconomic projections for the development of Ukraine’s economy from the Economic Development Ministry which are based on the work of think tanks, research institutions. We also have macroeconomic…
Finance Minister Serhiy Marchenko says Ukraine has suspended its large-scale privatization campaign in the wake of the coronavirus (COVID-19) quarantine. “Funds from privatization are practically not earmarked in the national budget. By changing the budget, we have reduced the amount of revenue from privatization as much as possible, sending a signal to all investors that…