On April 12, the Riigikogu’s finance committee reviewed the amendment proposals submitted for the third reading of the draft supplementary budget for this year and proposed to the plenary that a final vote be held. Committee chairman Erki Savisaar (Center) said that the parliamentary groups tabled the same proposals for the third reading as for…
The conclusion of the Ukraine-Turkey Free Trade Agreement will help increase trade between the countries significantly. “Traditionally, we have paid considerable attention to our trade and economic relations, and further liberalization of bilateral trade is important for them. Signing a free trade agreement can significantly increase its volume. We understand that this is a responsible…
The Verkhovna Rada has finally unblocked the holding of auctions for the sale of large state-owned enterprises. Although the main purpose of privatization Ukrainian officials name fighting corruption and increasing the efficiency of property management rather than raising funds for the budget, the ban lift is primarily dictated by financial motives. A year ago, when…
The provisional estimate of the cost of the new teachers’ pay model in Latvia for the entire 2022-2023 academic year is at EUR 406 million, the chairperson of Latvian Education and Research Workers’ Trade Union (LIZDA) Inga Vanaga has said after a meeting with the world group of the Ministry of Education and Science. She…
In February, exports of goods increased by 16% and imports by 10% YoY, data from Statistics Estonia showed. The growth in foreign trade was significantly boosted by trade in mineral products and wood and articles of wood. Estonia’s exports and imports of goods each amounted to 1.3 billion euros at current prices. The trade deficit…
President of Kyrgyzstan Sadyr Japarov has met with the Regional Manager of the International Finance Corporation (IFC) for Central Asia Cassandra Colbert. The parties discussed prospects for cooperation in implementation of projects significant for the country. As the head of state noted, an effective mechanism of work with international partners and investors would be created…
The Uzbek government last year spent $11.5 billion in providing loans and financial assistance to small businesses, President Shavkat Mirziyoyev reported. Mirziyoyev added that more than 104,000 enterprises in Uzbekistan affected by the coronavirus pandemic resumed operations, while the working capital of private enterprises increased by 33% YoY. The president harshly criticized regional and sector…