Estonia: unemployment rate down in Q1 2019

According to the information published by Statistics Estonia on May 15, in the first quarter of 2019, the labor force participation rate in Estonia was 70.8%, the employment rate 67.5% and the unemployment rate 4.7%. While the labor force participation rate and employment rate remained steady, the unemployment rate decreased by 2.1% YoY. In the…

Latvia: ABLV Bank’s liquidation model still not approved

U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) distances from Latvian Finance and Capital Market Commission’s (FCMC) statement regarding the coordinated liquidation model for ABLV Bank, as noted by the US Embassy in Latvia. FCMC had previously reported that after meeting with representatives from FinCEN the committee saw no obstacles for the execution of FCMC’s…

Ukraine: Lviv factory showcases new ARRV for army

Lviv Armor Vehicle Factory, a part of the state-run military-industrial concern Ukroboronprom, has developed a new armored recovery and repair vehicle (ARRV) dubbed “Zubr” (“Bison”). The vehicle was created for technical support of tank units of the Armed Forces of Ukraine. “The Zubr was developed by Lviv Armor Vehicle Factory in 2018. Preparations for its…