Latvia: manufacturing volume output up in 2019

Compared to 2018, manufacturing volume rose by 2%, based calendar adjusted data at constant prices in 2019. Mining and quarrying decreased by 5%, electricity and gas supply – by 4.4%, but industrial production output, which includes previously mentioned sectors grew by 0.8%. Compared to the previous year, growth in manufacturing was affected by output growth…

Turkmenistan: flights to China suspended

Turkmenistan Airlines suspended flights to Beijing (China) with the aim of carrying out preventive measures to hinder the spread of the 2019-nCoV coronavirus on February 1. The Turkmen flag carrier notes that the safety of passengers and crew is a priority. Information about the resumption of flights will be announced in advance. According to Turkmen…

Ukraine: Oschadbank and PrivatBank join state program on affordable loans

The Entrepreneurship Development Fund has signed agreements with JSC Oschadbank and PJSC CB PrivatBank on the implementation of the state program “Affordable Loans at 5-7-9%”, according to the Finance Ministry. “On January 31, Oschadbank signed an agreement with the Entrepreneurship Development Fund to participate in the state program ‘Affordable Loans at 5-7-9%,” reads the report.…

Latvia: gross domestic product up in Q4 2019

Compared to Q4 2018, the gross domestic product (GDP) value increased by 1.1% in Q4 2019, according to seasonally and calendar non-adjusted data. Main upward pressure on the GDP was exerted by the volume increase in services sectors (according to preliminary estimates – of 0.9%), including a rise of 1.7% in retail trade. Manufacturing shows…