The majority of residents in Latvia (72%) believe the priority to assist with development of new businesses in Latvia is tax benefits, according to a survey performed by the Investment and Development Agency of Latvia Norstat Latvija as part of the innovative business ideas contest. Meanwhile, 53% of respondents admit one of the most useful…
Ukrainian Locomotive Building Company LLC plans to occupy up to 10% of freight rail traffic in Ukraine over the next five years, Technical Director of the company Volodymyr Krot has said. “I think that the nearest ambitions of our company, which can be set for ourselves, are up to 10% of the freight rail transportation…
Ukrainian state banks in the first half of 2020 wrote off non-performing loans (NPLs) worth UAH 26 billion at the expense of reserves and restructured such loans worth UAH 2.6 billion, the Ministry of Finance reported. To reduce the share of NPLs, state-owned banks also filed 29,000 new claims to collect debts for a total…
Georgia has already exported 1,334 tons of hazelnuts this year – twice as much as the country exported in the same period of last year, said the Georgian Ministry of Agriculture. The major European countries to which Georgia has exported hazelnuts are: Germany – 350 tons, Italy – 289 tons, the Czech Republic – 110…
In April-June, compared to Q2 2019, gross domestic product (GDP) decreased by 8.9% (according to seasonally and calendar non-adjusted data). In the first half of the year GDP reduced by 5.4%. In Q2, GDP at constant prices was EUR 6.9 billion. As compared to the previous quarter, GDP fell by 6.5% (according to seasonally and…
Gross Domestic Product (GDP) fell by 6.9% YoY in the second quarter of 2020, according to the state agency Statistics Estonia. GDP at current prices stood at EUR 6.4 billion. Robert Muursepp, leading analyst at Statistics Estonia, says most economic activities experienced an economic downturn as a result of the emergency situation. “Accommodation and food…
President of Ukraine Volodymyr Zelensky has signed a law on raising the minimum wage in Ukraine, approved by the Verkhovna Rada at an extraordinary meeting on August 25, according to the president’s website. The document provides for an increase in the minimum monthly wage and its establishment at the level of UAH 5,000 from September…