The Georgian economy is projected to grow by 5.5% in 2022 and by 5% in 2023, the January edition of the World Bank’s report Global Economic Prospects 2022 says. The latest data on real Gross Domestic Product (GDP) showed that the Georgian economy increased by 12% YoY in November 2021 and by 10.7% in January-November…
Last year, international students and graduates in Estonia paid more in labor taxes than ever before – a total of EUR 16 million, data from Statistics Estonia showed. Kadri Rootalu, data scientist at Statistics Estonia and the author of the analysis, said the number of international students in Estonia decreased, but they still accounted for…
Wages in Lithuania are increasing but remain among the lowest in the European Union, according to the Bank of Lithuania. “Even though wages are increasing rapidly, their level is quite low compared to other EU countries,” Kotryna Tamoseviciene, head of the Economics Department of the Bank of Lithuania, told the Seimas Committee on Budget and…
The registered unemployment level in Latvia at the end of 2021 was 6.7% of the economically active population, 0.3% more than the end of November 2021 and 1% less than the end of 2020, according to information from the State Employment Agency (NVA). At the end of December 2021, there were 60,774 unemployed people registered…
An industrial park with five chemical industry facilities and a waste sorting line will be set up in Kharkiv region. “The Valky Town Council initiates the creation of the “Land and Water” industrial park with a total area of 23 ha. To this end, an investment project to build a waste sorting line and plants…
Estonia’s rapid trade growth continued in November 2021 with exports of goods increasing by 30% YoY, imports increased by 36%, data from Statistics Estonia showed. Growth was the highest in trade with the European Union Member States and primarily with neighboring countries. In November 2021, Estonia’s exports of goods amounted to EUR 1.7 billion and…
Ukraine’s international reserves in 2021 grew by 6% YoY, or by $1.8 billion, the National Bank of Ukraine said. “According to preliminary data, Ukraine’s international reserves amounted to $30.941 billion as of January 1. In 2021, they increased by $1.8 billion or by 6%. International reserves have increased as Ukraine received external financing and the…