In April, inflation rate in Ukraine was at 15.9%, and it might exceed 20% until the end of the year. “We have a significant level of price rise, but it is controlled. And such indicators cannot be compared with 2015 when inflation reached 60% in some months,” Governor of the National Bank of Ukraine Kyrylo…Details
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The Organization for Economic Co-operation and Development (OECD) has suggested that Lithuania should scrap the existing VAT concession for hotels and restaurants. The existing VAT concession for the catering sector expires at the end of this year. It was introduced last year to help businesses affected by the Covid-19 pandemic. Hotels have been subject to…Details
Passenger traffic at Polish airports increased by 35% last year against 2020, but was still down by 60% compared to 2019, due to the recurring waves of the Covid-19 pandemic, the Civil Aviation Authority (ULC) said. “Due to the pandemic, new restrictions on air travel continued or were imposed, which made it difficult to rebuild…Details
Moldovan apple growers have begun to diversify their fruit markets. In recent weeks, exports to the markets of the European Union, from the former Soviet Union and the Middle East, intensified. Following several meetings and debates with fruit growers, the relevant associations and due to the cooperation of producers with the Government, as well as…Details
Georgia and the Czech Republic have signed an agreement on priority directions in trade and economic relations between the two countries, the Georgian Economy Ministry announced on May 2. The agreement was revealed during the 6th Session of the Intergovernmental Commission on Economic Cooperation, where questions of deepening relations in trade, investment, energy, transport, tourism,…Details
According to Statistics Estonia, in March, the total production of industrial enterprises increased by 7.8% at constant prices compared to March 2021. Output increased in all three sectors: by 6.6% in manufacturing, by 5.2% in mining and by 21.3% in energy production. According to Helle Bunder, analyst at Statistics Estonia, production volumes increased in most…Details
Lithuania could synchronise its electricity grid with continental Europe faster than planned, provided it postpones other infrastructure projects, according to the Energy Minister Dainius Kreivys. “I tried to make our position clear that we need faster synchronisation,” he told reporters after an extraordinary meeting of the EU Transport, Telecommunications and Energy Council in Brussels on…Details