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Author Archives: admin

Latvia: road works on Via Baltica prolong car travel by one hour

LatviaBy admin2020-07-28Leave a comment

On the Via Baltica highway that spans across the Baltic States, road works take place on its Latvian section near Saulkrasti. The works make the travel by car longer by approximately one hour, state road network operator Latvijas Valsts Celi informs. The traffic on the A1 highway near the seaside town of Saulkrasti is the…

Kyrgyzstan: construction of new infectious diseases hospital starts in Osh city

KyrgyzstanBy admin2020-07-28Leave a comment

The Prime Minister of Kyrgyzstan Kubatbek Boronov took part in laying a capsule for construction of a new infectious diseases hospital in Osh city. “The second wave of COVID-19 pandemic is expected. Therefore, it is necessary to complete construction of this medical facility in a short time and in compliance with quality. The new hospital…

Ukraine: focus of selling peas shifts from India to EU

UkraineBy admin2020-07-28Leave a comment

The focus of selling Ukrainian peas shifted from India to the EU, particularly Spain and Italy. In 2017-2018 MY, Ukraine supplied 43% of peas to India. In 2019-2020 MY, the figure reduced to 13%. At the same time, the share of Italy also totaled nearly 13% and the share of Spain reached 19%. Moreover, Turkey…

Ukraine: increase in minimum wage to affect inflation

UkraineBy admin2020-07-27Leave a comment

A significant increase in the minimum wage in Ukraine may affect macroeconomic indicators and inflation in general, according to the National Bank of Ukraine (NBU), Deputy NBU Governor Dmytro Sologub has said. “If there is an increase in the minimum wage and it is significant enough, it will affect macroeconomic indicators, budget indicators, inflation and…

Kazakhstan: exporters insurance support up in H1 2020

KazakhstanBy admin2020-07-27Leave a comment

Baiterek Holding through its subsidiaries – KazakhExport and the Development Bank of Kazakhstan – continues to actively support Kazakh exporters. Over six months of 2020, the export insurance company KazakhExport provided insurance support to 49 exporters (13 of which received support for the first time) in the amount of KZT 26.4 billion. In 2019, the…

Estonia: Ministry of Finance expecting 3% budget deficit

EstoniaBy admin2020-07-27Leave a comment

The government is expecting a 3% budget deficit due to the impact of the coronavirus and the crisis, which followed it, Dmitri Jegorov, undersecretary of Tax and Customs Policy at the Ministry of Finance, has said. Jegorov said: “We reckon with a fall of 3% in the government sector, which means hundreds of millions of…

Kyrgyzstan: volume of remittances from migrants up in May 2020

KyrgyzstanBy admin2020-07-27Leave a comment

In May, migrants transferred $165.3 million to Kyrgyzstan, twice as much as in April, the National Bank reported. Compared to May 2019, the figure decreased by $29 million, or by 15%. Compared with December 2019, the decrease is $49.6 million, or 23%. In 5 months, at least $699.32 million have been transferred to the republic.…

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