New opportunities for Estonian businesses have emerged during the COVID-19 crisis, as global supply chains get shorter and become more regional, Governor of the Bank of Estonia (Eesti Pank) Madis Muller has said at a conference on economic security. Muller said there was a global trend in shortening the supply chains for the production of…
Because of Covid-19 crisis there are sometimes major price differences for the same goods in different shops in Latvia, says Agricultural Market Promotion Centre (LTVC) manager Inguna Gulbe. “Covid-19 has polarized the population in Latvia even more. The rich and the poor are even more far-apart. The gap has expanded uncontrollably. Previously Latvia’s political stage…
While the authorities of Kyrgyzstan are changing the Constitution and holding elections, the situation in the country is deteriorating. Drop in GDP continues, as well as the rise in prices for almost all products. Experts’ forecasts are disappointing. Improvement can be expected only until the end of the year, but on condition that the epidemiological…
Farming output in Estonia dropped by 2% in 2020, compared to the year of 2019 and this was in part due to the COVID-19 pandemic, Minister of Rural Affairs Urmas Kruuse said. On April 15, the Rural Affairs Minister stated: “As was the case with other sectors, agriculture did not remain unaffected by the COVID-19…
At least 734.4 million soms were allocated from the budget of Kyrgyzstan to pay off interest rates on loans of citizens in the amount of up to 100,000 soms, Ulan Japarov, a leading specialist at the Planning and Mid-Term Budget Forecasting Department of the Ministry of Economy and Finance, announced. According to him, recipients of…
The volume of international cross-border money transfers to Uzbekistan in January-March amounted to about $1.42 billion. Compared to the same period last year, this figure increased by $336 million, or by 31%, according to the Central Bank. The volume of foreign currency funds sent abroad hit $353 million. Compared to the figures for January-March last…
Latvian parliament decided to reject amendments to the Law on Gambling and Lotteries. The proposed amendments would have been used to limit gambling in the country. These amendments were developed by members of the New Conservative Party and KPV LV. Saeima member Juris Jurass urged other members of the parliament to support this legislative draft,…