Estonia: bad weather disrupts ferry services

Linda Line, which operates the high-speed catamaran Karolin between Tallinn and Helsinki, has canceled all September 4 departures from both capital cities due to bad weather conditions on the Gulf of Finland. Linda Line, which operates under the Linda Line Express brand, has a policy of canceling departures due to conditions involving wind speeds in…

Ukraine: economy ministry names major donors

Ukraine in the first half of 2017 implemented 415 international technical assistance projects worth a total of $5.32 billion, the press service of the Ministry of Economic Development and Trade reported. The major donors of technical assistance remained the U.S. with 104 projects worth $1.5 billion, the European Bank for Reconstruction and Development with 39…

Estonia: economy not about to overheat

Estonia continued to be a net saver, and the country’s economy was not about to overheat, Tonu Palm, chief economist at Nordea, said in his comments on the reported 5.7% GDP growth. “The economy’s rapid growth stems from a low reference base in a situation where there has been underinvestment for years. Loan growth is…

Latvia: GDP up in Q2 2017

Compared to Q1 Latvia’s gross domestic product at constant prices increased by 1.2% in Q2. Compared to the corresponding period of 2016, in Q2 the GDP grew by 4% according to seasonally and calendar non-adjusted data and by 4.8% according to adjusted data. In Q2, the GDP amounted to 6.8 billion euros at current prices…

Belarus: trade with Vietnam up in H1 2017

Belarus-Vietnam trade increased almost by one third in H1, Vietnam’s Ambassador to Belarus Le Anh announced. “Over the six months of 2017 the bilateral trade grew by 29.8% YoY. We have another six months to increase the figures. There are prospects to reach great results by the end of the year,” said Le Anh. According…

Turkmenistan opens trade house in Afghanistan

The opening of the “Turkmenistan” trading house has taken place in Mazar-i-Sharif city of the Afghan province of Balkh. The project was implemented by the Union of Industrialists and Entrepreneurs of Turkmenistan together with Afghan private companies with the assistance of state structures of the two countries. The opening ceremony was attended by heads of…

Latvia: retail trade turnover up in July 2017

Compared to July 2016, the total retail trade turnover rose by 3.9% in July 2017. Turnover of retail trade in food products increased by 4.6%, and turnover of retail trade in non-food products grew by 3.3%. The most significant turnover growth in non-food product group was recorded in retail sale of information and communication equipment…

Latvia: number of debtors to SRS increasing

The number of companies that are indebted to State Revenue Service continues to increase. Since May there has been an increase in the number of people engaged in business activities, as well as the number of debtors to SRS, according to data from the Credit Information Bureau. CIB’s database has information about 44,000 businesses’ and…

Ukraine: NBU allows providing hryvnia loans against collateral of foreign currency on customers’ accounts

The National Bank of Ukraine (NBU) has allowed banks to provide loans in domestic currency against the collateral of foreign currency on customers’ accounts. This has been reported by the press service of the central bank. “As part of further relaxations of anti-recessionary foreign exchange restrictions, the National Bank of Ukraine has allowed banks to…