Latvia: port businessmen in Riga report impact from the global shortage of empty containers

The global shortage of empty containers has reached Latvia as well, according to companies active at Riga Freeport. The freeport authority’s Public Relations and Marketing Office head Liene Ozola mentions that the shortage of empty containers is the direct consequence of the Covid-19 pandemic. Industry experts said that under the pandemic the traditional logistical chains…

Kyrgyzstan: GDP growth to reach 3.5% in 2021

GDP of Kyrgyzstan is forecast to reach 3.5% until the end of 2021, the Asian Development Outlook 2021: Financing Green and Inclusive Recovery says. Its growth may reach 5% in 2022, as restrictions associated with the coronavirus pandemic ease and economic activity recovers in the countries – main trading partners of Kyrgyzstan. The forecast may…

Ukraine: trade with China up in 2020

Trade between Ukraine and China in 2020 increased by 20.5%, to $15.4 billion. That’s including the exports that doubled to $7.1 billion, according to the Deputy Minister of Economy, Ukraine’s Trade Representative Taras Kachka who spoke with China Ambassador Fan Xianrong. “China is Ukraine’s key trade partner in the Asian region. Over 2020, trade turnover…

Latvia: retail trade up in March 2021

Compared to March 2020, total retail trade turnover increased by 3.2% in March 2021. Turnover of retail trade in food products grew by 2.1%. Retail trade in non-food products (except for retail sale of automotive fuel) increased by 3.6%, but turnover of retail sale of automotive fuel – by 4.9%, according to adjusted data from…