Books and printed press will be applied with value added tax (VAT) of 5% from now on, as decided by Latvia’s government. VAT for books published in physical and digital form will reduce from 12% to 5%. This also applies to newspapers and other printed press that are released in physical and digital form. Reduction…
The sales revenue of retail trade enterprises increased by 9% in August, to EUR 762 million. The sales revenue of manufactured goods grew the most, by 17%. Jaanika Tiigiste, leading analyst at Statistics Estonia, said that turnover increased in grocery stores and in stores selling manufactured goods as well as in enterprises engaged in the…
With the assistance of the Ministry for Foreign Affairs of Ukraine, 137 Ukrainian companies have managed to enter foreign markets over the past year and a half, Minister for Foreign Affairs Dmytro Kuleba has said. “Over the past year and a half of the government’s work, 137 Ukrainian companies have started working in foreign markets…
While Estonia was set to receive nearly 1 billion euros in Connecting Europe Facility (CEF) funds as of the end of last year, strong economic growth might see that figure reduced. Finance minister Keit Pentus-Rosimannus says that this should not mean funding for a proposed central hospital in Tallinn, one of the main objects the…
Amid diplomatic tensions between Vilnius and Beijing, Chinese companies are cancelling contracts with Lithuanian businesses. Export advisers suggest expanding trade with Taiwan, but companies fear it would not be an adequate substitute for Chinese markets. Despite the pandemic, the dairy processor Vilkyskiu Pienine has seen its exports and annual turnover increase. “People can be without…
In the second quarter of 2021, the number of employed people aged 15-70 increased by 2.6% QoQ, to 15.8 million people, according to the press service of the Ministry of Economy. “According to the results of the second quarter of 2021, there is a positive dynamics in the labor market. Thus, according to the State…
Commercial banks in Georgia lent 40.07 billion GEL and received deposits of 35.41 billion GEL in August, the latest data by the National Bank of Georgia (NBG) showed. The amount of deposits increased by 0.82% MoM, while loans by 1.21%. Last month, the sum of term deposits (deposits made for a predetermined period of time)…