Lithuania: GetJet Airline lays off over 90% of workforce

Lithuania’s wet-lease and charter services provider GetJet Airline has handed lay-off notices to 370 employees, the Employment Service has said. These include 14 technicians, eight flight coordinators, six maintenance control coordinators, five crew coordinators, five auditors and four financial controllers. GetJet Airlines had a total of 392 employees in February, based on data from the…

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Georgia: economy up in February 2020

Georgian gross domestic product (GDP) grew by 2.2% YoY in February, showed the latest data from the National Statistics Office of Georgia (Geostat). In February, the estimated real growth compared to the same period of the previous year occurred in the following sectors: wholesale and retail trade; repair of motor vehicles and motorcycles, information and…

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Latvia: electricity price reduces for households

From Q4 2019 onward the price of electricity has reduced, according to the latest market data from the Public Utilities Commission (SPRK). Prices benefit from warm weather and recovery of water reserves, which allows increasing the power production output at hydroelectric power stations. Last year’s lowest average monthly electricity price in Nord Pool exchange was…

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