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Debt restructuring was offered to good and bad companies alike. This indiscriminate approach delayed insolvency that would otherwise have overtaken 'zombie' companies.
In response to the new macroeconomic realities, the government put on hold the fiscal consolidation plans it announced earlier and allocated 4.4 trillion tenge (10.1 billion…
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DOI: 10.1108/OXAN-DB251896
ISSN: 2633-304X
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Last year, these transfers hit a record level, as Moscow issued extra money to help regions cope with the COVID-19 pandemic, but this was still not enough to cover all their…
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DOI: 10.1108/OXAN-DB262168
ISSN: 2633-304X
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Geographic
Topical
UKRAINE: COVID-19 forces difficult political choices
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DOI: 10.1108/OXAN-ES251697
ISSN: 2633-304X
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Geographic
Topical
The explanation lies in a government scheme offering subsidised mortgages, which drew prospective buyers to move faster than they might otherwise have done. While housing demand…
A three-year budget cycle is intended to create predictability after a year in which the initial budget had to be revised as the oil price outlook grew gloomier. Spending cuts are…
This will affect consumer borrowing as people become unable to afford new loans or repay old ones, and the housing market may experience a slump. Low-interest loan schemes to stop…