Ukraine: budget in deficit in January-July 2020

The deficit of Ukraine’s national budget in January-July was estimated at UAH 51.195 billion, or $1.9 billion, against UAH 2.857 billion ($104.3 million) in deficit reported last year, before the coronavirus-related crisis. The deficit of the country’s consolidated budget over the period under review was UAH 32.067 billion ($1.2 billion) against UAH 22.7 billion ($828.8…

Georgia: frequency of flights to be increased soon

The Tourism Administration of Georgia hopes the country will soon be able to increase the frequency of international flights, notwithstanding circumstances of the pandemic, head of the agency Mariam Kvrivishvili has said. Kvrivishvili made the comment while answering questions from local media about prospective resumption of WizzAir and Ryanair airline flights from and to the…

Armenia: new village to be built

The Cabinet has approved the action plan on building a new village for the reconstruction of the unfinished Kaps Reservoir in Shirak Province. The village will be provided for the resettlement of residents whose homes are situated in areas, which will be part of the reservoir. The Kaps Reservoir is located in the Akhuryan floodplain…

Estonia: wages up in Q2 2020

In the second quarter of 2020, the average monthly gross wage and salary was EUR 1,433, up by 1% YoY, data from statistics Estonia showed. The year-on-year growth has not been as modest for ten years. In the second quarter of 2020 the average monthly gross wages and salaries were the highest in Harju County…

Latvia: Competition Council to monitor Liepaja SEZ management model change

Competition Council (KP) promises to follow possible competition restrictions that could follow after the change of the management model of Lieapaja special economic zone (Liepaja SEZ), as explained in the letter sent by KP to Liepaja Port Tenants Association. At the beginning of August Liepaja Port Tenants Association “categorically objected” to Transport Ministry’s developed amendments…