Inflation will remain above 10% in the third quarter of 2021, but will slow down until the end of the year, according to the NBU press service. “Inflation will reach 9.6% until the end of 2021 and return to its 5% target in H2 2022,” the report reads. Inflation will slow with the arrival of…
The volume of transactions processed by Latvian payment and electronic money institutions, including e-money, has reached EUR 159.7 million, up by 3% YoY, according to data compiled by the Finance and Capital Market Commission (FKTK). The volume of transactions performed by payment institutions remained on the same level of the first half year of 2020,…
According to a recent analysis commissioned by Startup Estonia and the Estonian e-Residency program, almost one third of Estonian start-ups have been founded by e-residents. Most of those startups focus on business software development and FinTech solutions. Head of Startup Estonia, Eve Peeterson, believes that Estonia attracts international talent primarily thanks to its innovative digital…
Uzbekistan’s Tashkent region is set to deliver $1.7 billion worth of products until the end of the year. During the first half of the year, it produced goods amounting to some $724 million. The Tashkent region intends to ramp up the implementation of new projects, support for low-power or idle enterprises, effective use of empty…
Revenues from wine exports in Georgia reached $125 million in July, up by 9% YoY, the National Wine Agency reported. The amount of exported wine has increased by 12%. The dynamics of export growth in the strategic markets of Georgian wine is maintained: Poland – 28% (3.26 million bottles), China – 7% (3.14 million bottles),…
Ukraine’s low-cost carrier Bees Airline will launch regular flights to Samarkand (Uzbekistan) from August 30, the company’s press service reports. Flights will be operated on Mondays on Boeing 737-800 aircraft. Ticket price starts at UAH 4,261. Bees Airline was registered at the end of 2019. In March, it received an operator’s certificate from the State…