Lithuania could lose a significant share of foreign tourists and cargo going through the port of Klaipeda if unrest continues in Belarus, which is the country’s seventh largest export partner. “Any disturbance in Belarus can affect the economy. Belarus is an important partner of Lithuanian Railways and Klaipeda port,” Prime Minister Saulius Skvernelis said. But…
The Kazakh Trade Minister, Bakhyt Sultanov, emphasized the importance of development of e-commerce, especially during the pandemic. Addressing the reporting meeting with the population, Sultanov noted that Kazakhstan’s e-commerce market’s value approached 700 billion tenge last year. It is said to stand at 432 billion tenge following the results of the first half of 2020.…
Prime Minister Denys Shmyhal says a new economic strategy will be developed in Ukraine, which will be the basis for the development of further national target programs. The decision was made at a meeting held upon an initiative of the prime minister on August 14, between the Government members, representatives of the Office of the…
Latvia’s GDP may decline by 7% this year, but if a second wave of COVID-19 comes, the country’s GDP may drop by 9%, as detailed in Finance Ministry’s macro-economic development scenario. The macro-economic scenario will be used as foundation for the state budget of 2021 and medium-term budget content in 2021-2023. The base scenario details…
Ukraine’s state budget revenues fell UAH 38 billion short of the target for the first half of 2020, whereas state budget expenditures fell UAH 51 billion short of the target, Chairman of the Accounting Chamber of Ukraine Valeriy Patskan said on Facebook. Summing up the results of the state budget in the first half of…
Tax revenues remained at the same level as in July last year, though on a monthly basis they increased by 8%, to EUR 734.2 million. The state received EUR 102.3 million of income tax in July, which is 6% higher than during the same time last year and 16% higher than in June. As a…
In April-June, unemployment rate comprised 8.6%. Compared to the previous quarter, rate of unemployment has risen by 1.2%, but during a year – by 2.2%. In the result of Covid-19 crisis, the number of unemployed increased. In Q2, the number of unemployed persons aged 15-74 comprised 83.5 thousand, up by 22 thousand YoY and by…