Ukraine: trade agreement with US to be effective tool of geoeconomics

The conclusion of a bilateral preferential trade agreement between Ukraine and the United States can become an effective tool of geoeconomics, providing increased global competition in trade, Minister of Economic Development, Trade and Agriculture of Ukraine Ihor Petrashko said during a conversation with United States Trade Representative Katherine Tai. “Strategic partnership with the United States…

Latvia: unemployment down in April 2021

At the end of April, the level of registered unemployment in Latvia was 7.9% of the economically active population, down by 0.3% MoM, according to information from the State Employment agency (NVA). At the end of April, there were 71,376 unemployed people registered with NVA, down by 2,856 people. The unemployment level declined the sharpest…

Estonia: tax revenue up in Q1 2021

Tax revenue grew by nearly 20% YoY in the first quarter of 2021, the Finance Ministry reports, and totaled EUR 1.77 billion, payable to the Tax and Customs Board (MTA). The tax take increased for three consecutive months, with growth gradually accelerating largely due to the low baseline in spring 2020 as the coronavirus pandemic…

Kyrgyzstan: Cabinet of Ministers suggests own variant to protect entrepreneurs

The Ministry of Economy and Finance of Kyrgyzstan offers its own variant of protection of entrepreneurs from unauthorized inspections and other pressure. The document was submitted for public discussion. It is specified that to date, 15,000 small and medium enterprises and about 400,000 individual entrepreneurs are engaged in business in the Kyrgyz Republic. “They regularly…

Latvia: inflation up in April 2021

Compared to April 2020, the average level of consumer prices increased by 1.7% in April 2021. Compared to April 2020, the average level of consumer prices was mainly influenced by the increase in prices of goods and services related to transport, prices of recreational and cultural goods and services, prices of food and non-alcoholic beverages,…

Estonia: foreign trade up in March 2021

Imports rose by 20% YoY in March, while exports were just behind at a 19% growth, state agency Statistics Estonia reported. Increases in trade in electrical equipment, mineral products, timber and wood-based products and also transport-related items were the driving factors in the growth, the agency says. Evelin Puura, leading analyst at Statistics Estonia, said…