In June, the unemployment level in Latvia was 8%, higher than the average in the European Union, according to data published by Eurostat. Unemployment among EU member states was higher in Greece and Spain (15.1% in both), Italy (9.7%), Sweden (9.2%) and Finland (8.1%). Unemployment in Lithuania was 6.4% in June and 6.7% in Estonia.…
The estimated real gross domestic product (GDP) growth rate in June equaled 18.7% YoY and 12.7% in January-June , the preliminary data of the National Statistics Office of Georgia (Geostat) showed. The following industries of the economy posted growth in June compared to the same period of the previous year: manufacturing, financial and insurance activities,…
In June, the turnover of retail trade enterprises was EUR 780 million. Compared to June 2020, turnover increased by 12% in constant prices, data from Statistics Estonia showed. Jaanika Tiigiste, leading analyst at Statistics Estonia, said that turnover increased in grocery stores and stores selling manufactured goods as well as in enterprises engaged in the…
The Parliament of Kyrgyzstan has adopted a bill on the introduction of an emergency situation in the economy for six months. The initiator of the draft law was the Minister of Economy and Finance Akylbek Japarov. According to the initiative, an emergency situation in the economy is introduced without the consent of Parliament in the…
Uzbekistan’s central bank has decided to keep its main interest rate unchanged at 14% per annum. “The decision was made in order to ensure a balance between achieving the forecast inflation indicators by the end of the year and maintaining economic growth in the context of recovery of economic and investment activity,” the regulator said…
Consumer inflation in Ukraine will reach 9.6% at the end of 2021 and will return to the target of 5% in the second half of 2022, the National Bank of Ukraine (NBU) has said in its quarterly inflation report for July. “As before, the National Bank expects inflation to peak this autumn amid high world…
The decision by Naftogaz’s supervisory board regarding the payment of multimillion-dollar annual bonuses to four members of the company’s executive board cannot be implemented, Naftogaz CEO Yuriy Vitrenko has said in a letter to Ukrainian Prime Minister Denys Shmyhal. The reason for his appeal to the head of government was the decision by the supervisory…