Ukraine’s Minister of Economic Development and Trade Stepan Kubiv says the draft national budget for 2018 has already been endorsed by all ministries and is to be submitted to the Verkhovna Rada for consideration within the timeframe established by law, i.e. before September 15. “As of now, the revenue and expenditure parts of the budget…
Compared to July 2016, construction costs increased by 1.7%. Labor remuneration of workers grew by 4.4%, prices of building materials increased by 1.3%, while maintenance and operational costs of machinery and equipment rose by 0.5%. Compared to June, the level of construction costs in Latvia increased by 0.1% in July. Labor remuneration of workers increased…
Every fourth Latvian resident considers reducing the amount of meat in their diet or becoming a vegetarian or vegan, as stated in the latest Maxima survey. What is particularly interesting is that the largest proportion of such residents is found in Riga and Latgale. At the same time, 55% of respondents have no plans to…
The price of butter in Latvia has reached its maximum, said Competition Council chairman Skaidrite Abrame. “Prices in Latvia have definitely reached the peak. Alternatives for imports of cheaper butter are being considered,” Abrama said, adding that butter in Estonia was at least 20-30% cheaper. Abrama also notes that prices for butter have grown considerably…
Azerbaijan, taking credit for being one of the world’s oldest wine growing countries, intends to expand the export of wine to China, the world’s second-largest economy. The issue was the key topic of talks between local winemakers and the trade representative of Azerbaijan in China, Teymur Nadiroglu. Nadiroglu informed entrepreneurs about the Chinese wine market,…
The European Commission has approved Riga’s tramway infrastructure development project. As part of this project, it is planned to build the 3.5 km Skanstes tramline, which will cost EUR 97.4 million, as reported by Rigas satiksme representative Viktors Zakis. The project involves the construction of a 3.6-km tramline on Pernavas Street – Sencu Street –…
Azerbaijan’s external debt stood at $7,172.6 million (12,208.5 million manats) as of July 1, which accounts for 18.9% of the country’s GDP, said Azerbaijani Ministry of Finance. The statistics on borrowings include direct liabilities of the Azerbaijani government and contingent liabilities for loans attracted under state guarantee. Azerbaijan’s external debt consists mainly of funds raised…