Lithuania: minimum wage to increase

A proposal to increase the minimum wage by 20 euros, to 420 euros next year has reached Lithuania’s Tripartite Council, which is set to make the decision later. The proposal was submitted by Gediminas Simkus, head of the Bank of Lithuania’s Economics and Financial Stability Service. Arturas Cerniauskas, chairman of the Council, representing employees, said…

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Georgia: air traffic control office and training center opens at Tbilisi airport

Georgia’s air navigation service provider Sakaeronavigatsia is marking its 25th anniversary by opening a new air traffic control (ATC) office and a training center at Tbilisi International Airport, equipped with state-of-the-art technology. Georgia’s Prime Minister Giorgi Kvirikashvili congratulated Sakaeronavigatsia officials and said this was another step forward to increase flight safety and to develop the…

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Ukraine: Aslund hailing economic growth

Atlantic Council analyst Anders Aslund has welcomed data on economic growth in Ukraine published by the State Statistics Service of Ukraine on May 15, according to the Ukrainian service of the Voice of America. “Ukraine: finally some good economic news. Gross domestic product rose a preliminary 3.1% YoY in Q1 after growing only 2.2% in…

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Latvia: construction output up in Q1 2018

Compared to Q1 2017 construction output increased by 35.7% in Latvia in Q1 2018. Construction output rise was observed in construction of buildings (44.2%), civil engineering (43.6%) and specialized construction activities (16.3%). Compared to the corresponding quarter of the year before output growth was recorded in all types of civil engineering: construction of roads and…

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Lithuania: Elektrum Lietuva expanding

Independent power supplier Elektrum Lietuva, a part of Latvian energy group Latvenergo, is launching a new business and will help residents and businesses to install solar panels this month already. Elektrum Lietuva CEO Martynas Gina says the company is the first on the market to provide such services. Elektrum Lietuva has been operating in Lithuania…

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