Freights with added value represent the future for Latvian ports, as both ports and the state would benefit from them, says board chairman of Liepaja Special Economic Zone (SEZ)-based company Terrabalt, Liepaja Port Tenants Association representative Aris Ozolins. He said the decline of coal freights was enormous at Latvian ports. However, looking at it from…Details
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Mayor of the Ferghana region Khairullo Bozorov has ordered his deputy and the city prosecutor to stop all construction work in the courtyards and cancel the decisions issued by the city administration. This was reported by the press service of the regional administration. All ditches dug for the foundation must be filled in, and the…Details
Unemployment rose 16,000 to 47,900, or by 6.8%, between 2019 and 2020, state agency Statistics Estonia reported, with short-term (less than half a year unemployed) joblessness making up the bulk of that figure. Labor force participation rate stood at 71.6%, while the employment rate was 66.7%. Katriin Polluaar, analyst at Statistics Estonia, said the majority…Details
Ukraine’s State Customs Service said the country in January exported 29,120 tons of poultry meat and offal, down by 22% YoY. At the same time, exports in monetary terms soared by almost 27%, to $45.87 million. Major buyers of Ukrainian poultry in the first month of 2021 were Saudi Arabia ($16.97 million, or 46.8% of…Details
The National Bank of Ukraine (NBU) plans to continue bringing the Ukrainian banking legislation in line with the EU legislation and introducing best world practices, NBU Governor Kyrylo Shevchenko has written on Facebook. “The NBU welcomes the European Parliament’s resolution on the Implementation of the EU Association Agreement with Ukraine. This resolution was passed by…Details
Estonia’s economy will grow by 2.6 % in 2021, the European Commission has forecast. The figures represent a climb-down from 6.2% predicted for 2021 last summer, and also depends on a gradual reduction in coronavirus restrictions. The commission said last year the economy contracted by 2.9%, again a lower figure than forecast in summer 2020,…Details
Uzbekistan has lifted all restrictions on air travel with Germany. The corresponding decision was made by a special republican commission on February 11. All inbound, outbound and transit flights between Uzbekistan and Germany are allowed to resume again. The Uzbek government banned entry from Germany and seven other countries on December 21, 2020 amid the…Details