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…Details
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Airline 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)Details
Ukraine’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…Details
Ukroboronprom, a state-owned manufacturer of military hardware, will showcase the upgraded Uragan multiple launch rocket system (MLRS) on the Tatra chassis at the Arms and Security 2020 international exhibition. The defense giant has submitted the relevant application along with those for other types of weapons and hardware. Most likely, the Tatra-815 model will be used.…Details
The total volume of non-bank deposits in Georgian banking sector in June increased by 1.95% MoM or by 549.44 million lari ($179.3 million), and constituted 28.77 billion lari ($9.3 billion), the National Bank of Georgia (NBG) reported. In June, the volume of term deposits increased by 291.09 million lari ($95.02 million) compared to May. Demand…Details
Tax revenues remained at the same level as in July last year, though on a monthly basis they increased by 8%, to EUR 734.2 million. The state received EUR 102.3 million of income tax in July, which is 6% higher than during the same time last year and 16% higher than in June. As a…Details
Kazakhstan plans to increase farmed fish production to 9 thousand tons. Addressing a government session, Kazakh PM Askar Mamin noted that fishery had a great potential in the country and had been demonstrating a dynamic upward trend. According to him, the country seeks to increase farmed fish production to 9 thousand tons this year, which…Details