Kazakhstan: Trade Ministry predicts significant rise in e-commerce in 2020

The Kazakh Trade Minister, Bakhyt Sultanov, emphasized the importance of development of e-commerce, especially during the pandemic. Addressing the reporting meeting with the population, Sultanov noted that Kazakhstan’s e-commerce market’s value approached 700 billion tenge last year. It is said to stand at 432 billion tenge following the results of the first half of 2020.…

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Kazakhstan: pharmaceutical industry development program to be adopted

As part of his working trip to Karaganda region Kazakh PM Askar Mamin held a meeting on the development of the pharmaceutical industry, the PM’s press service informed. Industry and Infrastructure Development Minister Beibut Atamakulov, Vice Minister of Healthcare Lyudmila Byurabekova and others reported on the current situation and development of drug industry. Amid the…

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Latvia: GDP to drop in 2020

Latvia’s GDP may decline by 7% this year, but if a second wave of COVID-19 comes, the country’s GDP may drop by 9%, as detailed in Finance Ministry’s macro-economic development scenario. The macro-economic scenario will be used as foundation for the state budget of 2021 and medium-term budget content in 2021-2023. The base scenario details…

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