Compared to February, consumer prices in Latvia might have increased by 2.8-3% in March. This means that compared to March 2021 inflation in the country might have reached 11-11.2% in March 2022, according to bank analysts. Swedbank economist Laura Orleane predicted that in March consumer prices might have increased by 3% when compared to February.…
Klaipeda and Siauliai, Lithuania’s third and fourth biggest towns respectively, held events on April 7 where Ukrainians could meet potential employers. During the meetings, employers presented their activities and later met with people interested in jobs in a particular field for one-on-one interviews. Next week, a contact fair with representatives of companies in the service…
The Consumer Price Index (CPI) rose by 15.2% YoY in March, state agency Statistics Estonia reported, with housing-related price changes exerting the greatest influence. Services were 18.1% more expensive than in March last year and goods – 13.7% more expensive. Between February and March the CPI rose by 2.7%, Statistics Estonia said. Viktoria Trasanov, Statistics…
The frozen foreign exchange reserves have been lost to Russia forever, and these funds are likely to be used to rebuild Ukraine. The relevant statement was made by Advisor to President of Ukraine on Economic Affairs Oleh Ustenko. According to Ustenko, half of Russia’s foreign exchange reserves, which were available before February 24 (about $325…
President of the European Council Charles Michel emphasizes that the European Union will continue to support Ukraine. “We will continue to provide humanitarian and financial support to Ukraine. We have a new fund for Ukraine which will facilitate massive investment to restore the country’s economy and infrastructure,” Michel said, speaking at the plenary session of…
Under current conditions state debt maintenance costs may increase slightly, economist of the Bank of Latvia Karlis Vilerts has said at a meeting of Saeima’s Sustainable Development Committee. Although the interest rates remain very low, the high inflation is expected to contribute to a gradual rise of interest rates and, as a result, a rise…
Total production of industrial enterprises in Estonia rose by 1.7% YoY at constant prices on year in February, state agency Statistics Estonia reported. Output increased by 4.7% in manufacturing, the sector with the largest growth, though it decreased by 11.8% in mining and by 16.6% in energy production. Helle Bunder, Statistics Estonia analyst, said: “In…