Future developments of Latvia’s industrial sector will be affected by the situation with energy resource prices and the government’s possible decisions to improve the situation. If the Omicron variant of Covid-19 spreads rapidly, it is possible consumption of industrial goods may decrease, notes the Ministry of Finance. Nevertheless, currently demand for goods remains high and…
At least 1 billion soms was allocated from the budget for preparation of irrigation system of Kyrgyzstan for 2022, the Minister of Agriculture Askarbek Dzhanybekov said at a press conference in Bishkek. “The work has already begun. We received the first 100 million back in November 2021. Despite the cold weather, intensive repair of irrigation…
The trade turnover between Turkmenistan and Uzbekistan totaled $626.1 million in January-November 2021, up by 34.5% YoY, the Uzbek State Statistics Committee reported. Turkmenistan’s exports to Uzbekistan totaled $450.6 million, while imports from the country to Turkmenistan amounted to $151.5 million. Turkmenistan was among Uzbekistan’s top ten trading partners. The foreign trade turnover of Uzbekistan…
In January-October 2021, a total of 1.516 billion cigarettes were exported from Latvia to other countries, down by 183.203 million cigarettes or by 10.8% YoY, according to data compiled by the State Revenue Service (VID). 61.234 million cigars and cigarillos were exported to other countries last year, up by 32.1%. Additionally a total of 17,748…
Georgia’s exports to Azerbaijan from January through November 2021 totaled $488.3 million, the National Statistics Office (Geostat) reported. According to Geostat, the current figure increased by 22.2%, compared to the same period of 2020 ($399.6 million). Top-5 exported commodities from Georgia to Azerbaijan: transport-related equipment – $248.3 million, industrial supplies – $85.4 million, food and…
In January-November 2021, the deficit of Latvia’s state consolidated budget was EUR 1.03 billion, up by EUR 490.5 million YoY, according to data published by the State Treasury. Considering the costs of the aid provided to reduce consequences from Covid-19 pandemic, the deficit in the state budget reaches EUR 1.08 billion. The municipal budget, on…
The estimated real Gross Domestic Product (GDP) increased by 12% YoY in November 2021 and by 10.7% in January-November 2021, the latest data from the National Statistics Office of Georgia (Geostat) showed. The highest real GDP growth was registered in the following sectors: manufacturing, transportation and storage, arts, entertainment and recreation, trade, hotels and restaurants,…