Compared to 2019, household disposable income increased by 8.1% YoY in 2020, reaching EUR 630 per household member monthly. Population income grew faster than in 2019, when it rose by 6.8%. Compared to other EU Member States, income inequality in Latvia remained high. According to the latest available data, Latvia had the second highest Gini…
Tallink hopes to recover 70% of its pre-pandemic passenger volume until summer 2022, the ferry company’s CEO Paavo Nogene has said. It will take several years for tourism to properly recover. On December 15, Tallink said it would suspend ferries on the Tallinn-Stockholm line for five weeks at the start of next year due to…
The Minister of Agriculture of Kyrgyzstan Askarbek Dzhanybekov met with women entrepreneurs. They discussed women’s business issues. According to the head of the department, he is always open to cooperation and ready to support constructive initiatives. “There are many successful women in society who, by their example, inspire Kyrgyzstanis. They begin to play an increasingly…
Tashkent, Samarkand and Bukhara plan to introduce a Tax-Free system – a procedure of refunding value-added tax (VAT) paid to foreign nationals for the purchased goods when crossing the border of Uzbekistan, the presidential press secretary Sherzod Asadov has reported. President Shavkat Mirziyoyev said that the volume of retail trade could be increased two or…
President Volodymyr Zelensky suggests that Belgium should join in supporting the European aspirations of Ukraine. “Invited Belgium to join in supporting European aspirations of Ukraine by signing the Declaration. Also invited Belgium investors to participate in infrastructure projects in Ukraine,” Zelensky posted on Twitter. The President’s Office informs that the Head of State held a…
This week, investors are expected to file the first two applications for investment projects totaling $96 million under Ukraine’s Investment Nanny program. “This week, the first two applications for investment projects will be filed. The total sum of investments under these applications exceeds $96 million,” Prime Minister of Ukraine Denys Shmyhal said, opening the 2nd…
A Spanish firm owned by a Chinese state company may be declared the winner of the tender to build a railway bridge over the Neris River, which is part of the Rail Baltica European standard-gauge railway project. Lietuvos Gelezinkeliai (Lithuanian Railways, LTG), the country’s state-owned railway company, is proposing to sign the contract, valued at…