Latvia is not prepared for the way the economy will be changed by climate neutrality requirements. Mostly businesses in Latvia think only about cost reduction, not new ways of earning in the context of climate requirements, said the governor of the Bank of Latvia Martins Kazaks. “I don’t think the private sector or state administration…
R-Kiosk retail chain has reported 2020 losses of EUR 4.1 million. Taken with previous accounting periods, the company had accumulated losses of EUR 5.8 million as of the end of the 2020 accounting year. In 2019, the company lost EUR 2.2 million and EUR 1.6 million in the previous year. Sales revenue fell by 18.1%,…
“We predict that the country’s economy will recover to its pre-pandemic level until 2023 only,” the President of Kyrgyzstan Sadyr Japarov said at a meeting with the Heads of Government of the Eurasian Economic Union. According to him, real GDP growth in Kyrgyzstan will amount to 3.8% in 2021, as economic activity recovers. GDP growth…
Based on the results of an unscheduled inspection, the National Bank of Ukraine (NBU) decided to apply a measure of influence to FC Fincom Credit LLC in the form of revoking the license for conducting financial services. According to the NBU’s press service, the relevant decision was approved by the Committee on Supervision and Regulation…
The use of an inflation targeting policy over the past six years has proved that the focus of the National Bank of Ukraine (NBU) on low and stable inflation is more effective, rather than the focus on a fixed exchange rate, NBU Governor Kyrylo Shevchenko has written on Facebook. Shevchenko reminded that on August 18,…
The indicative fiscal space or additional expenditures of the 2022 Latvian state budget are estimated at EUR 300 million. Budget deficit is planned at 3.8% of GDP, according to the Ministry of Finance. On August 24, that Cabinet of Ministers will consider a number of topics related to the 2022 state budget, including fiscal space,…
The production of honey has doubled compared to last year, while exports of the country’s produce has also been increasing, according to Lithuanian Beekeepers Association. Last year, beekeepers all over Europe were dealing with a shortage of honey, so this June the demand was very high, according to Ramune Cibiene from Lithuanian Beekeepers Association. “When…