The total amount of one-time losses suffered by Ukraine since the start of the Russian invasion already stands at $564.9 billion. This was announced by First Deputy Prime Minister of Ukraine, Minister of Economy Yulia Svyrydenko on her Facebook page. Currently, the structure of the damage is as follows: – $119 billion – loss of…
Construction companies in Georgia will be offered a state package for long-term financing plans to boost the sector, Georgian Prime Minister Irakli Garibashvili announced on March 28. Announcing the initiative that would offer the developer companies new financing plans within the upcoming week, the PM said it was aimed at boosting economic growth. Additionally, a…
Last year the average hourly labour costs in Latvia were EUR 11.1, significantly below the average levels in the EU and Eurozone, according to data published by Eurostat on March 28. According to this data, labour costs in the economy, except fir agriculture and state administration, were below Latvia’s in Bulgaria (EUR 7 per hour),…
On March 28, Finnair once again started offering direct flights between Tartu and Helsinki five days a week. Flights are scheduled to take place on weekdays, with the Finnish airline offering daytime flights two days a week and evening flights three days a week, Tartu city government has said in a press release. The daytime…
Increasing the price of a trip in municipal public transport is necessary to avoid the bankruptcy of municipal passenger transport companies. The mayor of Chisinau, Ion Ceban, argued economically the proposal to increase the tariff for a trip in municipal public transport, stating that this was done to avoid the bankruptcy of the Urban Bus…
Lithuania has applied to open a trade office in Taiwan, Taipei Times has reported. The Taiwanese Foreign Ministry announced Lithuania’s application on March 26 and said it would provide the country with the necessary assistance in opening the representative office. Economy and Innovation Minister Ausrine Armonaite said Lithuania was ready to open its office in…
On March 21-27, the revenues of the Customs Service to the state budget amounted to about 676.9 million lei, with over 23.7% more than the planned amount. During the reference period, individuals brought to the country goods the customs value of which exceeded the non-taxable limit, and payments were collected amounting to over 12.8 million…