The business environment in Latvia when compared to its neighboring countries is not bad, but there is room for improvement, Foreign Investors Council in Latvia (FICIL) board member and PricewaterhouseCoopers board chairperson Zlata Elksnina-Zascirinska has declared. “If we compare with neightboring countries, Latvia’s business environment is not bad,” said Elksnina-Zascirinska. At the same time, she…Details
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The Dwelling Price Index, which reflected changes in property prices in Estonia, rose by 11.5% YoY to the first quarter of 2020, the highest rise in five-and-a-half years, Statistics Estonia reported. Apartment prices rose by 11.3% and house prices by 11.7%, over the same period, the agency reported, with the biggest increases coming in the…Details
At a Government meeting the Minister of Industry and Infrastructure Development Beibut Atamkulov spoke about expanding production in engineering. According to him, domestic manufacturers plan to expand production, export as well as master the production of spare parts and components. In May last year, Agromashhoding KZ JSC together with the largest Chinese corporation launched the…Details
Odesa Seaport handled 10.45 million tons of cargo in January-May, up by 3.2% YoY. According to the data of the Ukrainian Sea Ports Authority, the port increased the transshipment of exported cargo by 0.3%, to 7.693 million tons, and imported cargo by 22.9%, to 2.241 million tons. Coastal cargo handling decreased by 33.1%, to 41,730…Details
Social Policy Minster Maryna Lazebna states that the average pension in Ukraine has increased to UAH 3,400. “According to the results of all these programs, the average pension income in the country has already increased to UAH 3,400,” she said at a briefing. In particular, 10.6 million pensioners and recipients of social benefits, who received…Details
When compared to May 2019, consumer prices in Latvia declined by 0.9%, putting the country among 14 European Union member states where deflation was found in this period of time, according to information published by Eurostat. Identical deflation to Latvia’s was observed in Spain. Deflation was higher in Estonia (-1.8%), Luxembourg (-1.6%), as well as…Details
The Estonian state needs an estimated EUR 3.87 billion for 2020 and a further EUR 1.2 billion for 2021, the treasury (Riigikassa) has announced, following an outline of changes on how the state’s cash-flow will be managed going forward and in the wake of the coronavirus pandemic and its economic fallout. The debt requirements of…Details