In the second quarter of 2021, the number of employed people aged 15-70 increased by 2.6% QoQ, to 15.8 million people, according to the press service of the Ministry of Economy. “According to the results of the second quarter of 2021, there is a positive dynamics in the labor market. Thus, according to the State…Details
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The state-owned Antonov Company will build three An-178 aircraft, ordered by the Defense Ministry, without Russian components, Director General of the State Concern Ukroboronprom Yuriy Husev has said. “Complete elimination of dependence on the supply of components from the Russian Federation is among the main priorities. The contract for the construction of three An-178 aircraft,…Details
Commercial banks in Georgia lent 40.07 billion GEL and received deposits of 35.41 billion GEL in August, the latest data by the National Bank of Georgia (NBG) showed. The amount of deposits increased by 0.82% MoM, while loans by 1.21%. Last month, the sum of term deposits (deposits made for a predetermined period of time)…Details
Lithuania’s central bank has decreased its projections for GDP growth in Lithuania next year, citing sanctions against Belarus and decreased consumer spending. The economy is projected to grow by 4.9% in 2021 and by 3.5% in 2022. In June, Lithuanian Bank (Lietuvos Bankas) said the economy would grow by 5.1% in 2021 and by 4.1%…Details
Staying true to the plan to expand operations in the Baltic Sea, Swedish Stena Line has invested EUR 200 million in the Ventspils-Nynashamn ferry line. In 2022, the company plans to deploy two brand new ferries on this route, the company reports. These two new ferries will expand Stena Line fleet with 33% increased passenger…Details
Every fifth resident in Lithuania lives below the poverty risk line, according to a new report by Lithuania’s National Network of Anti-Poverty Organisations. Figures from Lithuania’s statistics office showed some 585,000 people in the country lived below the poverty risk line in 2020. The poverty risk level stood at 20.9% in the country last year,…Details
Finance minister Keit Pentus-Rosimannus (Reform) says that the coalition is tackling the issue of budgetary deficit exacerbated, but not solely caused by, the coronavirus pandemic and its economic effects. This was exemplified by a nearly-balanced state budget planned for 2022. “We are now seeing a growth, whereas before the economy had been in a hole,”…Details