Given the choice, most Latvian residents would retire sooner than what is provided by Latvian legislation, according to results of a survey conducted by Citadele Bank in June. 57% of interviewed Latvian residents would like to retire at the age of 51-60 years. This response turned out the most popular in Lithuania and Estonia, where…
Compared to May 2021, total retail trade turnover increased by 4.2% in May 2022. Turnover of retail trade in food products grew by 2.9%. Retail trade in non-food products (except for retail sale of automotive fuel) increased by 7.8%, but turnover of retail sale of automotive fuel reduced by 2.6%. As compared to May 2021,…
Moldovan producers exported over 5,000 tons of sweet cherries as of mid-June. According to the Moldova Fruct Association of Fruits Producers and Exporters, presently, agricultural producers of Moldova negotiate the sale of sweet cherries on new markets from the European Union. Entrepreneur Mariana Pislasu from the Ustia village, eastern Dubasari district, manages 50 hectares of…
Georgia has banned export of wheat and barley to avoid shortage on the domestic market. “The government decided to ban export of domestically produced wheat and barley until July 4, 2023,” head of Agricultural Ministry said. Georgia exports barley mainly to Iran. It has shipped 2.5 thousand tons since the start of the year. Domestic…
The Warsaw Stock Exchange (GPW) has signed an agreement to acquire a 65.03% share in the Armenia Securities Exchange (AMX), the Polish bourse has announced in a press statement. The total price of the AMX shares purchased by GPW is approximately PLN 9.6 million (EUR 2 million). As a result of the transaction, GPW will…
A third subsea cable will be built between Estonia and Finland to secure the supply of the Baltic Sea region’s electricity market, grid operators Fingrid and Elering announce. The pair signed a letter of intent and would now begin planning the construction of the connection. EstLink 3 will have an estimated capacity of between 700…
Annual inflation in Lithuania reached 20.5% in June, according to preliminary estimates by Statistics Lithuania. Inflation was mainly influenced by an increase in the prices of foodstuffs and non-alcoholic beverages, housing, water, electricity, gas and other fuels, transportation. The preliminary monthly change in consumer prices was 2.2% in June compared with May. The indicators are…