The majority of banks whose business activities are associated with servicing non-residents will continue working in Latvia, as confirmed by Finance and Capital Market Commission Peters Putnins. He said that a previous outlook stated that certain banks could cease working in Latvia because of the restriction for banks to cooperate with shell companies. “This outlook…Details
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The projects being realized in Akmola region will let in years to come to scale up massively development of alternative energy sources, the regional communications service of Akmola region internal policy department reports. Development of green projects will raise the renewables share up to 46.2% by 2021 out of the total energy output in Astana…Details
Belarus-made agricultural machines traditionally sell well in Lithuania. Ambassador of Belarus to Lithuania Alexander Korol made the relevant statement. The diplomat said: “About 700 tractors were sold in Lithuania last year alone. Lithuanian farmers unwaveringly prefer Belarusian machines. The Belarusian tractor maker MTZ has a representative office in Lithuania.” Alexander Korol is convinced that when…Details
Arrears in wage payments across Ukraine as of June 1 increased by 3.5% YoY, amounting to UAH 2.561 billion ($95.46 million), the State Statistics Service reports. Arrears in wages to employees of economically active enterprises increased by 6.5%, to UAH 1.411 billion ($53.87 million). (UNIAN/Business World Magazine)Details
As of June 25, harvesting was already in progress in most of the Steppe zone of Ukraine. The average yields there are lower than last year; the harvest areas are comparable with 2017. On average, winter barley and winter wheat yields are down by 3% and 5%, respectively. For now, only Odesa region shows higher…Details
The International Monetary Fund (IMF) expects economic activity to remain strong in Georgia, supported by a favourable global environment and the firm implementation of program policies. The Executive Board of the IMF approved the completion of the second review of the three-year Extended Fund Facility (EFF) arrangement for Georgia on June 27. Following the Executive…Details
On June 16-22 the Freeport of Riga Authority together with the port companies Rigas Universalais Terminalis (Riga Universal Terminal) and Nacionalais konteineru terminals (National Container Terminal) participated in a visit to China by the Minister for Transport Uldis Augulis and companies of the Latvian transport sector. Within the framework of this visit, an agreement was…Details