In the third quarter of 2021, the hourly labor costs in Estonia rose by 8% YoY, whereas the corresponding growth was 2.5% in the euro area and 2.9% in the European Union. In the second quarter, hourly labor costs increased by 0.5% in the EU and by 5.1% in Estonia, according to figures published by…
The World Bank’s Board of Executive Directors has approved the provision of $400 million in financing to Uzbekistan as part of the Development Policy Operation (DPO), the WB press service has reported. The purpose of the operation is to help the government implement socio-economic reforms that will help accelerate the country’s transition to an inclusive…
German companies can provide technology and equipment for Georgia’s competitive industrial sector, the Federal Ministry of Economic Affairs and Climate Policy of Germany reported. The Federal Ministry of Economic Affairs and Climate Policy of Germany supports German companies in taking part in international trade fairs and conducting fact-finding missions, including to Georgia. “German companies are…
Prime Minister of Ukraine Denys Shmyhal believes that Ukraine and Turkey will ink a free trade agreement next year. “I strongly believe that we will sign this agreement next year. The visit of the President of Turkey to Ukraine is scheduled for February 2022. I think that we will approach a balanced agreement until then,”…
In 2022, PJSC “Export-Credit Agency” (ECA) plans together with banks to launch a UAH 20-billion program in support of Ukrainian exporters. “Next year, we plan to launch a new program of cooperation with banks, providing at least 20 billion UAH in support of exporters,” Acting Chairman of Board of ECA Ruslan Hashev said at the…
Compared to 2019, household disposable income increased by 8.1% YoY in 2020, reaching EUR 630 per household member monthly. Population income grew faster than in 2019, when it rose by 6.8%. Compared to other EU Member States, income inequality in Latvia remained high. According to the latest available data, Latvia had the second highest Gini…
The Minister of Agriculture of Kyrgyzstan Askarbek Dzhanybekov met with women entrepreneurs. They discussed women’s business issues. According to the head of the department, he is always open to cooperation and ready to support constructive initiatives. “There are many successful women in society who, by their example, inspire Kyrgyzstanis. They begin to play an increasingly…