The Ukrainian government is planning to draw up a three-year action plan to reduce the shadow economy in the country to 25%, Minister of Economy Oleksii Liubchenko has said at the first meeting of the interdepartmental working group on de-shadowing of Ukraine’s economy. “Ukraine’s economic security strategy for the period up to 2025, put into…
The popularity of e-commerce has grown in Estonia with 62% of the population aged 16-74 making online purchases in the previous year. Among enterprises, the use of enterprise resource planning and customer relationship management software continues to increase as companies are trying out AI technologies, state agency Statistics Estonia reports. The number of e-commerce users…
Some Lithuanian companies working with China say that their Chinese partners are not renewing or concluding new contracts amid worsening relations between Vilnius and Beijing, the Lithuanian Foreign Ministry has said. A survey of Lithuanian companies has shown that high-tech, agricultural and food processing, timber, textile and logistics companies have ties with China, according to…
Profit of enterprises of the republic decreased 2.3-fold YoY in 2020, the National Statistical Committee of Kyrgyzstan reported. Activities of enterprises in the past year were characterized by an increase in the number of operating companies, positive growth rates of gross income, a positive balanced financial result (profit) at the end of the year and…
Saudi Arabian ACWA Power (ACWA) has won another international energy tender in Uzbekistan. A developer, investor, co-owner and operator of a portfolio of power generation, renewable energy and desalinated water production plants, offered a tariff of 2.5695 cents per kWh of generated electricity. The reserve winner was Masdar (UAE) with a tariff of 2.655 cents.…
Bread price may increase by 10 tetri (3.22 cents) from October in Georgia, Malkhaz Dolidze, head of the Georgian Bread Bakers Association, has announced. He said unfavorable forecasts regarding the supply of wheat in the rural market and the reduction of stocks in Georgia might be reflected on the bread prices in a few months.…
Milk production in Ukraine shrank by 6.2% YoY in January-August, to 6.04 million tons, the State Statistics Service reported. Agricultural enterprises produced 1.85 million tons of milk (-1.4%) and households produced 4.19 million tons of milk (-8.3%). The largest amount of milk over the period under review was produced in Poltava region – 486,100 tons…