The International Monetary Fund (IMF) has warned Lithuania about risks of overheating – both in particular sectors and in the economy as a whole. Among the risks, the IMF listed uneven recovery of the country’s main trade partners, geopolitical tensions, disruptions to the vaccination process and a lagging absorption of the European Union’s (EU) economic…
Moody’s Investors Service has affirmed the Government of Armenia’s Ba3 local and foreign currency long-term issuer ratings and foreign currency senior unsecured rating. The outlook remains stable. The affirmation of the Ba3 ratings is driven by the credit profile’s resilience to the significant shocks of the coronavirus pandemic and geopolitical and domestic political tensions, and…
Lithuania’s Social Security and Labor Ministry will propose to the government to raise the minimum monthly wage by 88 euros, to 730 euros before tax, next year, two unrelated sources have reported. Earlier proposals called for raising the minimum wage by 61 euros, or by 9.5%, to 703 euros, but Social Security Minister Monika Navickiene…
Smuggling of goods has become a major problem for domestic associations and manufacturers in Kyrgyzstan, Erlan Dzhuzupov, President of the Association of Sugar Consumers, has announced at a press conference. According to him, finished products cannot compete with smuggled ones in the market. “We need effective measures and government intervention to ensure fair competition. As…
Ukrainian Energy Minister German Galushchenko hopes that the deepening of cooperation between Ukraine’s National Nuclear Energy Generating Company Energoatom and U.S. nuclear power company Westinghouse will help strengthen Ukraine’s energy security. “The deepening of Energoatom’s partnership with Westinghouse will help strengthen our country’s energy security. We will expand our cooperation with the American company with…
Money transfers within Ukraine through money transfer systems rose by 40% YoY in the first half of 2021, the press service of the National Bank of Ukraine (NBU) reported. “Domestic money transfers through money transfer systems increased by 40%. Thus, in the first half of 2021, 388.58 million money transfers for a total sum of…
In April-June, GDP at current prices was EUR 8.1 billion. As compared to the previous quarter, GDP went up by 4.4% (according to seasonally and calendar adjusted data at constant prices). Compared to the same period of the previous year, a drop in agriculture was estimated at 3.1%, but in forestry and fishing there was…