Last year grey economy in Latvia increased by 1.6% YoY, reaching 25.5% of the country’s GDP, as reported by Stockholm School of Economics in Riga business center director Arnis Sauka at a press-conference dedicated to grey economy. He said that the grey economy had increased since 2021 and this was not a good thing. “If…
Estonia’s nation e-Residency program has reported a 2020 revenue of EUR 19.7 million, the highest in its six-year existence, with profits also topping previous records. e-Residency CEO Lauri Haav said: “We welcome the government’s unwavering faith in the program, and I am confident that every euro invested in the program will bring manifold returns, which…
It is proposed to set a single tariff for the population at 1.9 soms without division for 1 kilowatt-hour of electricity, Energy Minister of Kyrgyzstan Doskul Bekmurzaev has announced at a meeting of the Committee on the Fuel and Energy Complex and Subsoil Use. According to him, a new medium-term tariff policy has been developed.…
Uzbekistan’s eastern Ferghana region has delivered $246,000 worth of cherries to South Korea. The cargo weighing 52,236 kg took off from Ferghana International Airport to Incheon on June 15. Uzbekistan’s Transport Ministry said that the Ferghana airport had special storage rooms and special vehicles for storing and loading/unloading perishable products, which allowed retaining high quality…
On June 15, the Ukrainian Finance Ministry raised more than UAH 7.97 billion towards the state budget as a result of auctions on the placement of domestic government bonds, the Finance Ministry wrote on its Facebook page. The Finance Ministry offered investors five issues of hryvnia-denominated bonds, with a maturity of 1 year, 1.5 years,…
Ukraine will launch its first pilot hydrogen projects in 2022. “Relevant agencies are currently drafting the Hydrogen Strategy of Ukraine. We continue to work extensively to assess the feasibility of using our gas transmission system to transport hydrogen to EU countries. Ukraine will start its first pilot hydrogen projects next year,” Minister of Foreign Affairs…
When compared to the same period of last year, Latvia experienced moderately rapid export growth among EU member states in the first four months of 2021, according to data published by Eurostat. Exports in Latvia increased by 14%. The biggest export growth among EU member states was observed in Slovakia (+27%), Estonia (+22%), Poland and…