Prime Minister Irakli Garibashvili has stated that the government has no plans to reimpose coronavirus restrictions “because the state economy will not withstand them”. He stated at a governmental meeting that the authorities had decided to “manage the epidemiological situation in the country rather than impose lockdown and other restrictions”. Garibashvili has urged the public…Details
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Lithuania’s Kaunas Intermodal Terminal received its first freight train from the Netherlands, capable of carrying containers and semi-trailers. The train arrived on the European standard-gauge railway Rail Baltica, said Lietuvos Gelezinkeliai (Lithuanian Railways, LG), the country’s state-owned railway company. According to the company, the terminal has officially become Europe’s easternmost rail point accessible for freight…Details
In five months Latvia produced 20.242 million liters of alcoholic beverages, excluding beer. Compared to the five months of 2020, this is 0.4% more, according to data on excise goods compiled by the State Revenue Service. A drop in production volumes is observed for intermediate products containing less than 15% of alcohol – by 39.6%.…Details
Grid distributor Elektrilevi has acquired competitor Imatra Elekter, Estonian subsidiary of a Finnish firm, for EUR 28.9 million. The move means Elektrilevi now serves nearly all customers nationwide. Board chair at Elektrilevi Mihkel Harm said of the deal: “The merger of two companies and full integration of systems will take close to two years, according…Details
Uzbekistan’s foreign trade turnover amounted to $18 billion in January-June, up by 13.6% YoY. The country’s statistical committee said that the number was still below the pre-pandemic figure of $19.6 billion. Exports exceeded $7 billion, expanding by 12.3%. Imports increased by 14.3%, to $10.9 billion. The negative balance of foreign trade turnover amounted to $3.9…Details
Ukraine has slightly reduced its own agricultural exports to the European Union, but retained the fourth place among the top five largest exporters to European countries. The European Commission published the relevant data in its report “Monitoring EU Agri-Food Trade: Developments January-April 2021”. “The top origins for EU agri-food imports in the first four months…Details
The development of financial intermediation is an important element in stimulating economic growth. That’s according to First Deputy Prime Minister, Minister for Economy of Ukraine Oleksiy Liubchenko who penned an op-ed entitled “Key tasks for Ukraine’s economic growth”. “The banking system, as an institution of financial intermediation, should qualitatively improve the efficiency of its activities,…Details