The Ministry of Agriculture has officially confirmed its canceling of the ban on the exports of wheat flour, and imposition of restrictions on the exports of wheat, reported the press-service of the ministry. According to the announcement, in order to meet the country’s domestic needs for grains (including to keep the volumes of animal feed…Details
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Many major banks in Estonia have not changed interest rates on home loans amid the coronavirus pandemic to date, though they are paying more attention to those customers who are seeking homeloans at a time when many planned purchases have been put on hold. One bank, Luminor, says it has cut its interest rates. “A…Details
In January-March, 20.3 thousand new passenger cars were registered in Ukraine, up by 11% YoY, according to the Ukrainian Motor Vehicle Manufacturers Association, UkrAutoProm. At the same time, the number of new passenger cars registered in March decreased by 15%, to 6,244 units. In March, Renault cars had the largest demand, with 1,222 cars registered.…Details
Prime Minister of Ukraine Denys Shmyhal argues that the government is considering options for weakening restrictive measures set up to flatten the curve of coronavirus spread to restart the economy. At the same time, he admitted this would depend on the dynamics of the spread. “We’re very well aware that many people, the majority of…Details
Lithuania’s wet-lease and charter services provider GetJet Airline has handed lay-off notices to 370 employees, the Employment Service has said. These include 14 technicians, eight flight coordinators, six maintenance control coordinators, five crew coordinators, five auditors and four financial controllers. GetJet Airlines had a total of 392 employees in February, based on data from the…Details
Georgian gross domestic product (GDP) grew by 2.2% YoY in February, showed the latest data from the National Statistics Office of Georgia (Geostat). In February, the estimated real growth compared to the same period of the previous year occurred in the following sectors: wholesale and retail trade; repair of motor vehicles and motorcycles, information and…Details
The lifting of restrictions implemented for the duration of the emergency situation will be based not on economic but rather health-based logic, and as there is currently no certainty regarding how the coronavirus will continue to spread, no strategy exists for exiting the standstill either, said Ministry of Economic Affairs and Infrastructure Deputy Secretary General…Details