In June, Ukraine’s international reserves grew by 2%, to $28.358 billion (in equivalent), according to the press service of the National Bank of Ukraine (NBU). “As of July 1, Ukraine’s international reserves amounted to $28,357.7 million (in equivalent) according to preliminary data. In June, Ukraine’s reserves grew by 2% due to foreign exchange earnings in…
Economy Minister Natia Turnava has presented a 10-year economic development strategy, which covers 12 major areas, ranging from small business empowerment and investment attraction to specific development policies and quantitative indicators in each key area that the country should achieve until 2025 and 2030. “Our main task in the near and medium-term will be to…
In Latvia, the government coalition has expressed support to holding lotteries of money prizes to people vaccinated against Covid-19 with the aim of motivating people to vaccinate. Health Minister Daniels Pavluts (For Development/For) announced the idea on July 5. “Lotteries or social motivation programs with the elements of a game and positive motivation are carried…
Airline Nordica suffered a loss of EUR 10.5 million last year due to the reduced opportunity to travel caused by the coronavirus. The company approved the report for the previous financial year at a general meeting on July 6. Last year’s sales revenue was EUR 61 million, almost 42% less than in 2019 which saw…
There will be no mass blackouts in the autumn-winter period, the head of the Electrical Energy Department of the Ministry of Energy and Industry of the Kyrgyz Republic, Marat Jeenbekov, has announced. “We will maximize the generation of electricity at the hydropower station, and the Heating and Power Plant (HPP) will be loaded at full…
Lithuanian employers complain that they cannot fill vacancies, putting the blame on unemployment benefits introduced during the pandemic. Meanwhile, worker representatives say employers are simply unwilling to offer attractive work conditions and pay. The Lithuanian government has introduced the monthly “jobseeker’s allowance” of 212 euros to help the unemployed survive the quarantine. The government has…
Analysts of the Eurasian Development Bank (EDB) have assessed the consequences of Uzbekistan’s possible accession to the Eurasian Economic Union (EAEU). According to their forecast, this would allow Tashkent significantly increasing the inflow of infrastructure investments and money transfers, expanding exports and strengthening industrial cooperation. The EAEU itself would also benefit from the expansion. They…