Plans for launching a factory of Stadler Rail, an internationally recognized rail technology company, in Georgia were discussed at a meeting between Georgia’s prime minister Irakli Garibashvili and Stadler Chairman of the Board of Directors of the company. Garibashvili and Peter Spuhler, the interim CEO of the Switzerland-based company, reviewed the possibility of building a…
The state joint-stock company Latvian Railway (LDz) plans to electrify the country’s entire railway network until 2040, as announced by LDz board chairman Maris Kleinbergs at a press conference. He explained that the company was currently working on this project’s financing plan and mechanism. Project cost estimates are also in the works. Initial estimates suggest…
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…