Estonia continued to be a net saver, and the country’s economy was not about to overheat, Tonu Palm, chief economist at Nordea, said in his comments on the reported 5.7% GDP growth. “The economy’s rapid growth stems from a low reference base in a situation where there has been underinvestment for years. Loan growth is…Details
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Compared to Q1 Latvia’s gross domestic product at constant prices increased by 1.2% in Q2. Compared to the corresponding period of 2016, in Q2 the GDP grew by 4% according to seasonally and calendar non-adjusted data and by 4.8% according to adjusted data. In Q2, the GDP amounted to 6.8 billion euros at current prices…Details
Latvia’s unemployment level was 8.5% in July. This is the eighth highest level among EU member states, according to data published by Eurostat. According to this data, unemployment levels were higher in Spain (17.1%), Italy (11.3%), Cyprus (10.8%), Croatia (10.6%), France (9.8%), Portugal (9.1%) and Finland (8.8%). The lowest unemployment levels were registered in the…Details
Belarus-Vietnam trade increased almost by one third in H1, Vietnam’s Ambassador to Belarus Le Anh announced. “Over the six months of 2017 the bilateral trade grew by 29.8% YoY. We have another six months to increase the figures. There are prospects to reach great results by the end of the year,” said Le Anh. According…Details
KazMeat, the Kazakh brand, has been exhibited for the second time at the ANUFOOD China-2017 international food exhibition held in Beijing. “In 2016, three umbrella brands were created in Kazakhstan: KazMeat, Qazaq Organic Food, and Halal Kazakhstan. Now, our major goal is to promote these brands abroad. Today, we are promoting the umbrella brand of…Details
Turkey earned $204 million from exports of ice cream to 68 countries and 4 Free Trade Zones over the past five and half years. The Turkish Statistical Institute (TUIK) reported that nearly 88.400 tons of ice cream were exported in the aforementioned time period, with Iraq, Kosovo, Albania, Northern Cyprus, the United Arab Emirates and…Details
Ornex, a company operated by SCM Group, has bought a 25% stake in DTEK Dniproenergo and DTEK Dniprooblenergo from the State Property Fund of Ukraine. The deal has taken place at PFTS Stock Exchange. The company paid UAH 728.236 million for a 25% stake in DTEK Dniproenergo, and UAH 1,004.676 billion for a 25% stake…Details