Kazakhstan: Trade Ministry predicts significant rise in e-commerce in 2020

The Kazakh Trade Minister, Bakhyt Sultanov, emphasized the importance of development of e-commerce, especially during the pandemic. Addressing the reporting meeting with the population, Sultanov noted that Kazakhstan’s e-commerce market’s value approached 700 billion tenge last year. It is said to stand at 432 billion tenge following the results of the first half of 2020.…

Latvia: GDP to drop in 2020

Latvia’s GDP may decline by 7% this year, but if a second wave of COVID-19 comes, the country’s GDP may drop by 9%, as detailed in Finance Ministry’s macro-economic development scenario. The macro-economic scenario will be used as foundation for the state budget of 2021 and medium-term budget content in 2021-2023. The base scenario details…