New rules to help bring foreign labor to Estonia and help the IT industry recruit have been agreed upon by the ministries of interior and economic affairs. The new rules affect the Aliens Act and the hiring of highly skilled workers from outside the European Union. Laura Laaster, spokeswoman for the Ministry of Economic Affairs,…
Lithuanian President Gitanas Nauseda proposed raising the non-taxable income threshold to 510 euros, from the current 460 euros, in an attempt to help people cope with high inflation. He has also called for one-off payouts to the most vulnerable. “This is a measure aimed at people with the lowest incomes. It is a targeted and…
As of January 1, cash in circulation in Ukraine totaled UAH 627.6 billion, the press service of the National Bank of Ukraine (NBU) posted on Facebook. “As of January 1, cash in circulation amounted to UAH 627.6 billion, in particular: 2.95 billion banknotes worth UAH 622.6 billion and 13.99 billion coins (excluding commemorative and investment…
Ukraine is interested in developing trade, economic and investment cooperation with the Netherlands. “We are interested in developing trade, economic and investment cooperation. Our trade turnover has exceeded EUR 2.5 billion but we want much more,” President of Ukraine Volodymyr Zelensky said at a joint briefing with Prime Minister of the Netherlands Mark Rutte. He…
The total production of industrial enterprises in 2021 was 6.4% bigger than the year before, data from Statistics Estonia showed. Of the three main industrial sectors, production increased by 19.2% in energy production and by 6.4% in manufacturing, but decreased by 15.7% in mining. The coronavirus crisis, which began in 2020, disrupted the regular production…
Statistics Lithuania has published a summary of key economic indicators for the previous year. In 2021, wages in Lithuania increased, but most of the effect was cancelled out by inflation. Lithuania’s GDP in 2021 was 55.4 billion euros. It increased by 5.1% from the year before. Among sectors that grew the most last year were…
A free trade agreement between Ukraine and Turkey is expected to be signed within days. That’s according to President Volodymyr Zelensky, who spoke at the opening of the seventh session of the Verkhovna Rada on February 1. “We provide guarantees of financial stability for our country. We are preparing to send a strong economic signal…