The sales revenue of retail trade enterprises increased by 9% in August, to EUR 762 million. The sales revenue of manufactured goods grew the most, by 17%. Jaanika Tiigiste, leading analyst at Statistics Estonia, said that turnover increased in grocery stores and in stores selling manufactured goods as well as in enterprises engaged in the…
Amid a surge in heating and electricity costs, the Lithuanian government has moved to cap the prices for consumers starting in January next year, spreading out the increase over five years. “To contain the price shock, we plan to cut off the peak of the price hike to spread it over the next five years.…
With the assistance of the Ministry for Foreign Affairs of Ukraine, 137 Ukrainian companies have managed to enter foreign markets over the past year and a half, Minister for Foreign Affairs Dmytro Kuleba has said. “Over the past year and a half of the government’s work, 137 Ukrainian companies have started working in foreign markets…
In the warehouses of various types of companies, you can find a variety of devices designed to perform activities that require enormous strength. One of them are gantries and cranes – without them it would not be able to function, among others transport or automotive industry. What exactly are these machines used for and what…
One of the key issues in Ukraine-Turkmenistan bilateral relations is the resumption of cooperation in the energy sector, which requires new approaches, new models and proposals, Ambassador Extraordinary and Plenipotentiary of Ukraine to Turkmenistan Viktor Maiko has said. He noted that Turkmenistan had been the only supplier of natural gas to Ukraine until 2006. But…
While Estonia was set to receive nearly 1 billion euros in Connecting Europe Facility (CEF) funds as of the end of last year, strong economic growth might see that figure reduced. Finance minister Keit Pentus-Rosimannus says that this should not mean funding for a proposed central hospital in Tallinn, one of the main objects the…
Amid diplomatic tensions between Vilnius and Beijing, Chinese companies are cancelling contracts with Lithuanian businesses. Export advisers suggest expanding trade with Taiwan, but companies fear it would not be an adequate substitute for Chinese markets. Despite the pandemic, the dairy processor Vilkyskiu Pienine has seen its exports and annual turnover increase. “People can be without…