The amount of cash in circulation in Latvia has leveled out as a result of borders becoming closed following the start of Covid-19 pandemic, as reported by the Financial Intelligence Unit (FID) manager Ilze Znotina. “We believe it is related to large amounts of cash being carried over the border. We have informed the State…Details
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Tax take from Estonia’s e-residency system rose by around a third YoY in 2020, the state agency Enterprise Estonia reported, a record year in terms of direct economic impact since the system was launched in 2014. Companies set up by individuals all over the world who are registered e-residents paid in close to EUR 17.5…Details
Two more kindergartens will be commissioned in Osh city in the middle of the year, press service of the City Hall of the southern capital of Kyrgyzstan reports. The Vice Mayor of the city, Zhasur Azimov, checked the facilities under construction. He visited three kindergartens – No. 30 Aidanek for 100 children, a kindergarten Turan…Details
Uzbek President Shavkat Mirziyoyev on April 19 announced the planned transformation of Uzbekistan Airways and Uzbekistan Airports in a bid to improve the effectiveness of these companies. New measures aim at reducing the expenses of Uzbekistan Airways by $46.5 million. The staff of the company and its structural organizations are set to be optimized, a…Details
The Ministry of Infrastructure of Ukraine is interested in implementing joint infrastructure projects with U.S. companies, in particular in the field of railway transport, Minister of Infrastructure Vladyslav Kryklii has said during an online meeting with representatives of the U.S. Wabtec Corporation. Kryklii stressed that the implementation of projects in the field of railway transport…Details
Milk production in Ukraine decreased by 6.2% YoY in January-March, according to the State Statistics Service. In particular, Ukraine’s milk output amounted to 1.75 million tons, including 671.7 thousand tons produced by agricultural enterprises (-0.5%) and 1.08 million tons by private households (-7.4%). The highest volumes of milk production over the reporting period were recorded…Details
New opportunities for Estonian businesses have emerged during the COVID-19 crisis, as global supply chains get shorter and become more regional, Governor of the Bank of Estonia (Eesti Pank) Madis Muller has said at a conference on economic security. Muller said there was a global trend in shortening the supply chains for the production of…Details