Ukraine’s budget deficit of 7.5% is not a problem, according to the Prime Minister Denys Shmyhal. He said this during a virtual roundtable meeting entitled “Ukraine Reforms: What Next?” organized by Chatham House. “This is a much smaller deficit than in many European countries, where the deficit can fluctuate at 10%. That is, 7.5% is…
New harvest onion prices in Ukraine have dropped by almost 60%. Today, one can buy quality onions from farmers in the country’s southern regions for UAH 2.5 ($0.09) per kilogram. The price of the vegetable in retail is a third higher. At the same time, the average wholesale prices of onions in Ukraine this season…
The repair season continues on state roads in Latvia. Drivers have to keep in mind possible traffic restrictions on many state and regional roads. Currently repair work continues on Jurmala, Tallinn, Vidzeme, Daugavpils and Jelgava highways, as reported state road maintenance company Latvijas Valsts celi (LVC). On Jurmala Highway (A10) road traffic is organized in…
In 11 months of 2019-2020 MY, Kazakhstan exported 1.36 million tons of wheat flour, down by 26% (0.5 million tons) YoY and by 39% (0.9 million tons) compared to 11 months of 2017-2018 MY. The main reason of export decline was lower demand from the key importers. Thus, in July-May of 2019-2020 MY, Uzbekistan was…
Tallink Grupp has announced that the special direct return trip from Riga to the island of Saaremaa in Estonia, planned to take place on July 26 to 28, on company’s vessel Romantika as a new summer destination is cancelled due to low customer demand. The other special direct trip to Saaremaa from Helsinki is generating…
There was a net outflow of foreign direct investment (FDI) from Ukraine in the first quarter of this year of $1,451 million, reversing the trend of inflows of the last several years, according to data from State Statistics Agency. Ukraine has been attracting foreign investment but at disappointingly low levels. New FDI in 2019 was…
The Hungarian low cost airline Wizz Air has opened the second base in Ukraine at Lviv International Airport. According to the press service of the Infrastructure Ministry of Ukraine, in July the company will operate five new flights from western Ukraine, in particular, from Lviv to Billund (Denmark), Tallinn (Estonia), Lisbon (Portugal), Hamburg (Germany) and…