The Latvian national airline airBaltic and Riga International Airport have signed a land lease to construct a new cargo hangar Baltic Cargo Hub within the airport’s territory. This hub is planned to become the biggest freight-processing center in the Baltic region, as reported by the airline. Current plans suggest the total area of Baltic Cargo…
A grand shift in thought patterns is taking place in USA following the change of administration, the importance of which for the Estonian economy cannot be overestimated, James York writes. U.S. imports were down by 6% last year, while Estonian export to the U.S. grew by 15.5%, to EUR 1.123 billion. While various trends speak…
“We are forced to introduce temporary mechanisms that are able to restrain the growth of electricity consumption,” the Minister of Energy and Industry of Kyrgyzstan Kubanychbek Turdubaev has declared. According to him, the decision to increase the limit of electricity consumption in winter to 1,000 kilowatt-hours was made so that consumers could save money and…
Uzbekistan’s foreign trade turnover amounted to $7.1 billion in January-March, with a negative trade balance at $2.3 billion. Compared to the same period of 2020, the indicator has dipped by $930 million or by 11.6%, according to the statistical committee. Exports in the reporting period totaled almost $2.4 billion and imports $4.7 billion. The export…
In 2020, financial companies issued loans worth UAH 48 billion to individuals, up by 10% YoY, according to Oleksandr Zaletov, Head of the Financial Companies Supervision Department at the National Bank of Ukraine. “At present 775 financial companies have a license to issue loans, but only a third of them provide these services to individuals.…
Ukraine’s Finance Ministry borrowed UAH 4.593 billion, or $164.085 million, for the national budget at the latest weekly auction to place government domestic loan bonds held on April 20. Funds in hryvnias were raised through the sale of four packages of securities worth UAH 33.03 million ($1.179 million), UAH 4.405 billion ($157,369 million), UAH 2.59…
In 2020, general government budget deficit accounted for EUR 1.3 billion or 4.5% of the Gross Domestic Product (GDP) and general government consolidated gross debt amounted to EUR 12.7 billion or 43.5% of the GDP. Under the impact of Covid-19 pandemic in 2020 general government revenues, compared to 2019, reduced by 0.4% and comprised EUR…