Despite the scheduled shutdown of the Yamal-Europe and Nord Stream 1 pipelines, as well as the record prices hikes in European gas markets in July, Russia’s Gazprom expressed no interest in Ukraine’s additional transit capacity and started shrinking reserves of its underground gas storage facilities in Europe, the press service of the Gas Transit System…
Export of vegetables from Georgia amounted to $17.37 million in the first half of 2021, the National Statistical Office of Georgia (Geostat) reported. The share of vegetables in the total export volume of Georgia in the period amounted to 0.9%. The main positions in the group were distributed as follows: potatoes – $8.85 million, tomatoes…
When compared to June, consumer prices in Latvia increased by 0.4-0.5% in July. This means inflation might have reached 2.9% in July when compared to the same month of 2020, according to bank analysts. Swedbank economist Laura Orleane predicts consumer prices will have increased by 0.4% and annual inflation will have reached 2.9% in July…
Moderately low or low risk level was observed for four out of fourteen banks in Latvia last year, according to the report published by the Latvian Finance and Capital Market Commission (FKTK). At the same time, seven banks in Latvia had a moderately high risk level in 2020. Three banks had a high risk level.…
Finance Minister Lasha Khutsishvili has presented his ministry’s 10-year development strategy, which aims to tackle poverty and unemployment and increase overall economic well-being in Georgia. “High economic growth should be the main focus of our economic vision for the next 10 years,” Khutsishvili stated. Prime Minister Irakli Garibashvili said before the presentation of the development…
The number of people staying in hotels, hostels, guest houses and other accommodation businesses in June was around a third higher than the figure for June 2020, state agency Statistics Estonia reporeds. However, the sector still has a long way to go before pre-pandemic levels are reached, and room occupancy stood at just over 30%,…
The export of chemical products from Turkey to Georgia decreased by 7.2% YoY in January-June, to $125.1 million, the Turkish Ministry of Trade reported. The export volume of chemical products from Turkey to Georgia decreased by 10.5% in June compared to June 2020 and reached $26.7 million. (Trend/Business World Magazine)