Bank of Estonia governor Madis Muller said the tourism sector was set to be hit with a labor shortage as it began to recover from the coronavirus crisis. “The sectors related to tourism, hotels and entertainment are where the number of jobs has drastically decreased. These people have already found new jobs somewhere else. As…
A government panel says that the contract between Lithuanian Railways (LTG) and Belarus’ potash manufacturer Belaruskali poses a threat to Lithuania’s national security. The special commission vetting deals of strategic importance was asked to assess the 2018 agreement by Transport Minister Marius Skuodis. It was amended in October to allow Belaruskali make advance payments for…
The Ministry of Foreign Affairs presented a new online platform NAZOVNI for diplomats to consult business and support Ukrainian exporters. “What is NAZOVNI? It is a customer relationship management system clear to business. We try to speak the language of business to offer them convenient formats. With the introduction of NAZOVNI system, the Ministry of…
Trade between Ukraine and Poland in 2021 will exceed $10 billion for the first time ever, Ihor Baranetsky, head of the economic affairs department at the Ukrainian Embassy in Poland, has announced. “Ukraine’s trade with Poland has not only reached pre-COVID levels, but will also have record levels. This year, bilateral trade in goods will…
Lithuania’s state-owned railway company Lietuvos Gelezinkeliai (LTG) risks falling under US sanctions as it continues to transport Belarusian fertilizers, Prime Minister Ingrida Simonyte has warned. She was commenting on LTG’s statement that it had received an official confirmation from the US Treasury Department’s Office of Foreign Assets Control (OFAC) that Washington’s sanctions against Belaruskali, one…
Georgian athletes have stated that Georgian sport will be left without funding if the parliament approves legislative restrictions on gambling in the country. They noted that increased taxes for the business would not allow it further sponsoring sport in Georgia and thus “will put many types of sports in a difficult situation and kill prospects…
In November, actual unemployment rate comprised 7.1%, up by 0.4% MoM. The unemployment rate for males increased by 0.3%, to 7.9% in November, while for females it rose by 0.6%, to 6.3%, according to data of the Labour Force Survey conducted by the Central Statistical Bureau (CSP). The unemployment rate registered with the State Employment…