In the first half-year of 2020, a total of 23.346 million liters of alcoholic beverages (aside from beer) was produced in Latvia, down by 8.9% YoY, according to information from the State Revenue Service (VID). Additionally, small alcoholic beverage producers with valid licenses issued under beneficial conditions produced 35,000 liters of alcoholic beverages in the…
DetailsLithuania could lose a significant share of foreign tourists and cargo going through the port of Klaipeda if unrest continues in Belarus, which is the country’s seventh largest export partner. “Any disturbance in Belarus can affect the economy. Belarus is an important partner of Lithuanian Railways and Klaipeda port,” Prime Minister Saulius Skvernelis said. But…
DetailsThe 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.…
DetailsPrime Minister Denys Shmyhal says a new economic strategy will be developed in Ukraine, which will be the basis for the development of further national target programs. The decision was made at a meeting held upon an initiative of the prime minister on August 14, between the Government members, representatives of the Office of the…
DetailsPresident of Ukraine Volodymyr Zelensky inspected the M-18 Kharkiv-Simferopol-Alushta-Yalta highway, noting that about 500 km of roads would be built in Ukraine until the end of the year. “The most important thing is that people drive along a normal road. In total, 500 km of roads of national importance will have been built from late…
DetailsAs 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…
DetailsLatvia’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…
DetailsAirline Wizz Air will start flights between Tallinn and the Norwegian city of Bergen from mid-October. According to the airline’s website, the first flight to Bergen will take place on October 15. Flights will be operated twice a week, on Thursdays and Sundays. (ERR/Business World Magazine)
DetailsUkraine’s state budget revenues fell UAH 38 billion short of the target for the first half of 2020, whereas state budget expenditures fell UAH 51 billion short of the target, Chairman of the Accounting Chamber of Ukraine Valeriy Patskan said on Facebook. Summing up the results of the state budget in the first half of…
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