The total turnover of retail trade enterprises in 2021 was EUR 8.9 billion. Compared to 2020, turnover increased by 12% at constant prices. Johanna Linda Pihlak, analyst at Statistics Estonia, said that in 2021 turnover increased in grocery stores and stores selling manufactured goods as well as in enterprises engaged in the retail sale of…
On January 1, the minimal wage amount in Latvia was the second lowest among 21 members states of the European Union, according to information published by Eurostat. The current minimal wage in Latvia is EUR 500 a month. The only other EU member state in which the minimal wage is lower is Bulgaria, where it…
Ukrainian Foreign Minister Dmytro Kuleba and Danish Prime Minister Mette Frederiksen have discussed the issues of support for Ukraine’s economic and financial stability. The meeting was held as part of an official visit of the Ukrainian Foreign Minister to Copenhagen on January 27. The parties agreed on further participation of Denmark in supporting the reform…
In July-December 2021-2022 MY, Ukraine exported record 15.9 million tons of wheat, up by 27% YoY. Traditionally, North Africa (24%), Middle East (24%) and Southeastern Asia (23%) were the leading importers of Ukrainian wheat. Particularly, the shipments to Southeastern Asia remained virtually unchanged at 3.7 million tons, supplies to North Africa increased by 20%, to…
Both Latvia’s Minister of Defense Artis Pabriks and Prime Minister Krisjanis Karins suggest gradually increasing the country’s defense budget to 2.5% of GDP. During the annual foreign affairs debates in the Saeima, Pabriks said that in addition to relying on Article 5 of NATO Treaty, Latvia should follow Finland’s example, develop its armed forces and…
In Estonia, the construction price index grew by 14.7% from the fourth quarter of 2020 to the respective period of 2021, while in 2021 as whole, compared to the average level of 2020, it increased at a slower pace, by 3%, official statistics showed. Statistics Estonia wrote in a press release earlier in January that…
On January 26, Riga City Council adopted the municipality’s new budget, outlining three priorities – social aid, wages and transport infrastructure. The meeting during which the city council reviewed the 2022 budget lasted for more than seven hours. More than five hours were spent discussing the municipal budget. Riga’s budget revenue is planned at EUR…