A new EU directive sets out common rules for setting the minimum wage. This will be felt in Lithuania, where pay disparities remain high. Algis, who works as a plumber in the Panevezys Emergency Service, makes a few euros more than the minimum wage, which is currently 730 euros on paper or 550 after tax.…
Georgian spicy sauce ajika and sour plum sauce tkemali will acquire geographical indications – a domestic status confirming their origin and uniqueness, the National Intellectual Property Centre of Georgia has announced. The agency said the two sauces would gain the status in three months following the publication of application materials submitted for registration by the…
According to data released by Statistics Estonia, in April, Estonia’s exports increased by 4% and imports by 31% YoY. Faster growth in imports contributed significantly to the increase of trade deficit, which reached EUR 542 million in April. In April, Estonia’s exports amounted to nearly EUR 1.6 billion and imports to EUR 2.1 billion at…
The Szczecin and Swinoujscie Seaports Authority SA says it aims to constantly increase the handling of a wide range of cargo through its investments in the port of Szczecin. Thus, it maximizes the potential of the Swinoujscie-Szczecin fairway deepened to 12.5 m. The company has just published an announcement in which it invites those interested…
The state enterprise, Railway of Moldova (CFM) will go through a complex reform in the next two years, the Infrastructure and Regional Development Ministry (MIDR) said. According to the institution, the process of reorganization and development of the enterprise’s institutional capacity will be attentively monitored and supervised by a working group, made up of representatives…
Introduction of a Port Community System in Georgian ports will improve the management and automation of their facilities and logistics processes, facilitate inter-agency coordination, and significantly reduce administrative requirements and bureaucracy, a feasibility study conducted by an Estonian-German-Georgian consortium has said. The consortium has analysed the benefits Georgia would receive after implementing the PCS, which…
In its report published on June 8, the Organisation for Economic Cooperation and Development (OECD) predicted Latvia to experience the most rapid economic growth among Baltic States. OECD predicts Latvia’s GDP may increase by 3.5% this year. Next year Latvia’s economy is expected to grow by 1.6%. The coordinated consumer price index in Latvia, according…