Latvia: with new Covid-19 regulations approved, employers to be able to suspend employees

With new regulations to halt the spread of Covid-19 in place and the requirement for compulsory vaccination expanded for some sectors of the economy, employers are provided with the right to dictate, which employees are required to undergo Covid-19 vaccination. Additionally, new regulations provide employees and employers with multiple ways of resolving vaccination-related disputes, including…

Estonia: Parnu Airport nearly completed

EUR 18.5 million is being invested into Parnu Airport, though with no promise of recouping those funds. The airport will remain under the control of its parent company, Tallinn Airport, while one of the first major tasks is to attract flight companies. Phase one of Parnu Airport’s redevelopment has been completed, which includes a new…

Ukraine: NBU registers 23 debt collection companies

The National Bank of Ukraine (NBU) has officially registered 23 debt collection companies, according to the NBU Governor Kyrylo Shevchenko. “The National Bank initiated “tectonic” changes in the debt collection market. For the first time, in 2021, Ukraine introduced a legal framework for regulating the relations of debt collection companies and financial institutions in settling…

Georgia: economy up in August 2021

The estimated real gross domestic product (GDP) growth rate in August amounted to 10.3% YoY and 12% in January-August, preliminary data from the National Statistics Office of Georgia (Geostat) showed. Last month the following industries of the economy posted growth compared to the same period of the previous year: manufacturing, financial and insurance activities, trade,…