Following the instructions of President Volodymyr Zelenskyy, the Government has formed a package of decisions to support Ukrainian business during the war. This was stated by Prime Minister Denys Shmyhal in his video address on March 7. “We will exempt from payment of single social contribution (SSC) natural persons-entrepreneurs of the I and II groups…
In February, the consumer price index rose by 12% YoY, data from Statistics Estonia showed. Prices increased by 1.5% compared to January. Viktoria Trasanov, leading analyst at Statistics Estonia, said, compared to February 2021, the consumer price index was affected the most by housing-related price changes, which contributed over a third of the total rise…
The Government has already authorized the responsible ministries to open four accounts with the National Bank, to which funds from individuals, organizations, companies and international financial organizations will be credited. Prime Minister of Ukraine Denys Shmyhal said in a video address on March 6. “We are talking about the Economic Recovery and Transformation Fund, the…
Local women entrepreneurs in the central Georgian city of Gori will exhibit their handmade crafts and other products for sale on International Women’s Day, in an effort to support Ukrainian citizens amid Russia’s ongoing assault on the country. The sale of crafts items will bring together products by 15 women to a marketplace on Merab…
Once the dust has settled on the entry into the Estonian market of German cut-price supermarket chain Lidl, established competitors say they hope customers will remain loyal and return to their previous stores of choice. One issue which some of the other supermarkets have highlighted is the lack of locally sourced items in Lidl’s product…
The European Union vows to launch an assistance measure for Lithuanian businesses affected by China’s economic sanctions, European Commissioner for Internal Market Thierry Breton has said while on a visit in Vilnius. “We believe that what China is doing is not compatible with the WTO rules. But beyond this, we are also yet to use…
Wage growth recovered last year following the slowdown of 2020, reaching the pre-pandemic levels, the state agency Statistics Estonia reported. The average monthly gross wages and salaries across all sectors in Estonia stood at EUR 1,548 in 2021, up by 6.9% YoY. Argo Tarkiainen, Statistics Estonia analyst, said that, last year so far as sectors…