To improve the quality of gravel roads in Latvia, the company in charge of road maintenance VAS Latvijas Autocelu uzturetajs (LAU) performed grading of more than 111,000 km of gravel roads this year. Surface and pothole repairs have been performed in a total volume of 427,000 cubic meters, LAU reports. Grading efforts are the most…Details
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The turnover of retail trade enterprises in September was EUR 643 million, up by 6% YoY, with pricing being constant, according to Statistics Estonia (Statistikaamet). Jaanika Tiigiste, a leading analyst at Statistics Estonia, noted that turnover in September saw a larger increase than August. “In September, turnover growth was driven mostly by stores selling manufactured…Details
Ukrainian exports showed sufficient resilience to crisis developments in 2020, in contrast to previous crises, in particular due to an increase in the share of food products in its structure. The National Bank of Ukraine (NBU said this in its quarterly Inflation Report for October 2020. Unlike previous crises, Ukrainian exports in 2020 showed sufficient…Details
In September, the average nominal salary in Ukraine amounted to UAH 11,998, up by 12.3% YoY, according to the State Statistics Service. The average nominal salary of Ukrainians in September was 2.4 times higher than the minimum wage (UAH 5,000). Compared with August, the average nominal wage rose by 4.8%. The highest average nominal salaries…Details
Assets declined by 3% or by EUR 4.34 million, in the second quarter of 2020, the Bank of Estonia said, despite the aggregate balance sheet of savings and loan associations increasing during that time. Q2 bore the brunt of the coronavirus pandemic so far. Assets grew by 1% or by EUR 1.43 million in Q3,…Details
Latvia’s gross domestic product may have declined by 4-4.7% in Q3 compared to the same period of 2019, according to bank analysts. Swedbank chief economist in Latvia Liva Zorgenfreija predicts Latvia’s GDP in Q3 may have declined by 4% YoY in Q3. At the same time, she mentioned that compared to Q2 Latvia’s economy might…Details
Kazakhstan’s exports and imports are expected to drop by 21.7% and by 15.5%, respectively in 2020, Akylzhan Baimagambetov, Deputy Chairman of the National Bank of Kazakhstan, has said during the Senate session on revisions to the 2020-2022 national budget. Addressing the Senate session on revisions to the 2020-2022 national budget, Baimagambetov noted that the projections…Details