Estonia: industrial production volume up in 2021

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…

Lithuania: economy up in 2021

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…

Ukraine: financial system under control

The Ukrainian economy is stabilizing, and the country’s financial system is under control, President Volodymyr Zelensky has said. He stated this at the opening of the seventh session of the Verkhovna Rada on February 1. “Our economy is stabilizing. Everything is under control in the financial system. Revenues to the budget in January were over-fulfilled…