Ukraine: MHP poultry exports up in 2019

PJSC Myronivsky Hliboproduct (MHP) increased chicken meat exports by 25% YoY in 2019, to 357,400 tons, the company’s press service has reported. “Despite the challenges presented by the temporary ban on exports to the KSA market, chicken meat exports in Q4 2019 increased by 20%, to 87,651 tons, and in 2019 by 25%, to 357,433…

Latvia: rising labor costs among retailers’ chief challenges

This year’s biggest challenges for retailers will include the decline of numbers of residents and buyer, as well as growing labor force costs, says Swedbank economist Agnese Buceniece. “The change of buyers’ habits and e-commerce remain notable challenges and impressive opportunities at the same time,” says the expert. “International observations show that e-commerce development is…



Ukraine: wage arrears down in December 2019

As of January 1, 2020, the arrears of wages of the employees of economically active enterprises decreased by 10% compared to December 1, 2019. Minister of Economic Development, Trade and Agriculture Tymofiy Mylovanov announced the relevant data at a briefing on the results of the Government’s actions. “To date, the wage arrears at the economically…

Estonia: SEB profit up in 2019

SEB Estonia earned a profit of EUR 100.4 million in 2019, up from EUR 63.7 million in 2018. In 2019, SEB financed the plans of commercial enterprises with more than EUR 1 billion and individuals with more than half a billion euros. Last year, SEB assisted in the purchase of more than 5,000 new homes.…

Georgia: direct flights with China suspended

Georgia temporarily suspends direct flights with China to prevent the spread of coronavirus in Georgia, the Georgian Civil Aviation Agency (GCAA) reports. The suspension of flights will be in place until March 29. Chinese aviation authorities and the airline company China Southern have already been notified about the flight suspension. Chinese airline company China Southern…