It will take two years for Latvia’s economy to recover, said the newly elected member of the council of the Bank of Latvia Andris Vilks on October 5. “We should have had a V-type development. This means a relatively deep and quick fall and a very fast recovery. It would have happened, but what we…
Honey from Ninotsminda, the Samtskhe-Javakheti region has been added to the list of geographical indications. “The special quality, features and reputation of this product, which is due to the environmental conditions and human factor typical of the Samtskhe-Javakheti region, are recognized at the state level,” said the National Intellectual Property Center Sakpatenti. The Samtskhe-Javakheti region…
The Estonian Association of Travel Agents has turned to the justice chancellor and is considering going to court in connection with a Ministry of Economic Affairs and Communications decision to ban direct flights to third countries. Minister Taavi Aas (Center) said that decisions were made based on the epidemiological situation. A charter flight to Turkey…
The National Bank of Ukraine (NBU) sold $51.1 million on the interbank foreign exchange market last week, according to data provided by the central bank. According to the results of foreign exchange interventions, the National Bank sold $51.1 million on the interbank foreign exchange market between September 28 and October 2. The regulator did not…
President Volodymyr Zelensky has signed the Law “On the provision of construction products on the market”, the president’s press service reports. The law aims to harmonize the conditions of the domestic market of construction products with European rules. The law defines the legal and organizational principles of putting into circulation or providing construction products on…
Latvia’s government has decided to support the proposal to keep VAT at 5% for fruits, berries and vegetables until December 31, 2023. At the same time, the government also decided to outline achievable indexes for results, Finance Ministry reported. This is support measure is intended to promote agriculture and gardening sectors’ development, reduce grey economy,…
The regional CEO of Flixbus has said the international bus company has now met the requirements to provide a route from Tallinn to Vilnius, Lithuania, but is now waiting for specifications from the Ministry of Economic Affairs and Communications (MKM). In August, Flixbus Estonia proposed opening a line between the capitals of Estonia and Lithuania,…