The Ukrainian government is working to open 33 new markets for a range of Ukrainian products. That’s according to a statement by the State Food and Consumer Service. “In the near future, the opening of the following markets is expected: Canada – poultry meat; the People’s Republic of China – fish and fish products, feed,…
On December 1, the Organization for Economic Cooperation and Development (OECD) published an outlook for Latvia’s GDP decline, reducing it to 4.3%. In its June outlook OECD expected Latvia’s economic decline to be at 8.1%. Economic growth outlook for 2021 is reduced from 6.3% to 2.4%. In 2022, OECD expects Latvia’s economy to grow by…
According to Statistics Estonia, the production of industrial enterprises in October increased by 1% YoY, marking the first increase of the indicator since the coronavirus pandemic kicked off in spring. Industry is the largest sector of the economy and an important driver of economic growth. The index of industrial production covers the economic indicators of…
Riga City Council’s budget for 2021 may be EUR 17.2 million short. The reduction may be even larger, said chairman of Riga City Council Martins Stakis has declared. Stakis said work on the municipality’s budget for 2021 continued, but it was already clear what the level of consolidation would be and which departments of Riga…
According to Statistics Estonia, in October, the turnover of retail trade enterprises was EUR 665 million. Compared to October 2019, turnover increased by 6% at constant prices. Jaanika Tiigiste, leading analyst at Statistics Estonia, said turnover increased in enterprises engaged in the retail sale of automotive fuel as well as in grocery stores and in…
Finance Minister Serhiy Marchenko says the increase in the minimum wage of Ukrainian citizens to UAH 6,500 ($229), scheduled for July 1, 2021, is postponed until December 1, 2021. “This is explained by the fact that such shock infusions into the economy affect inflation. We discussed the issue with our partners and decided to postpone…
A Research Center for Water Problems will be established in the Khorezm region. The center will be created based on the Khorezm experimental production farm of the Research Institute of Irrigation and Water Management under the Ministry of Water Resources in order to improve water resources management, accounting and improve the reclamation status based on…