According to information released by Statistics Estonia, the export of goods increased by 8% and imports by 5% YoY in March. This trade growth is attributable to increased exports and imports alike with other EU countries. This March, exports from Estonia amounted to EUR 1.2 billion and imports to EUR 1.4 billion at current prices.…
A new, modern scientific research and cultural enlightening center-museum will be opened in the vicinity of the Iveria Holy Virgin Mary Church on the Makhata hill in Tbilisi. This will be the place with a mandate to carry out research and studies in full compliance with priorities declared by the Government of Georgia and the…
Compared to March, consumer prices in April possibly grew by 0.6-0.8%, which means annual inflation in Latvia has reached approximately 3.2-3.4%, bank analysts predict. Swedbank’s acting chief economist in Latvia Agnese Buceniece notes that in April, when compared to March, consumer prices increased by 0.6%, whereas annual inflation was approximately 3.2% when compared to April…
The Finance Ministry will submit the Budget Declaration for 2020-2022 to the Cabinet of Ministers for approval this week, Finance Minister Oksana Markarova stated during a business forum of the European Bank for Reconstruction and Development (EBRD), the ministry’s press service wrote on its Facebook page. “The Finance Ministry will continue to work on active…
Olkom Group’s PJSC Kyiv Margarine Plant invested more than UAH 4 million in upgrading technologies and acquiring new equipment in Q1. Owing to investment, the plant has doubled its capacity for production of edible fats and industrial margarines. In addition, up-to-date equipment was installed there for identifying fatty acid trans-isomers (a gas chromatograph) and evaluating…
Georgia’s capital of Tbilisi is continuing to modernize its public bus fleet by introducing 90 brand new, 10-meter long diesel operated buses. There are 27 seats in the new buses, which can take up to 82 passengers in total. The buses are equipped for people with disabilities and with modern systems such as heating, air…
According to the Estonian Breweries Association (Eesti Olletootjate Liit), cross-border trade in beer, cider and low-alcohol beverages is not showing signs of diminishing, with beer seeing a large rise since last year. Hikes in alcohol excise duties in recent years have met with criticism, mainly due to the harm the hikes do to domestic alcohol…