Estonia: producer price index up in May 2020

In May, the producer price index of industrial output increased by 0.1% MoM, but decreased by 3.9% YoY, Statistics Estonia (Statistikaamet) reported. Compared to April, the export price index increased by 0.4%. The prices of electricity, chemical products and beverages increased the most, while the prices of parts and accessories for motor vehicles, textile products…

Kazakhstan: Employment Roadmap creates over 120,000 jobs

Realization of 5,954 projects creating more than 120,000 workplaces started under the 2020-2021 Employment Roadmap program, the Labor and Social Protection Ministry’s press service informed. The local executive bodies selected 6,506 projects for realization. Infrastructure projects are to be implemented in four directions: major and minor repairs, reconstruction and construction of sociocultural facilities, housing and…

Latvia: business environment not bad

The business environment in Latvia when compared to its neighboring countries is not bad, but there is room for improvement, Foreign Investors Council in Latvia (FICIL) board member and PricewaterhouseCoopers board chairperson Zlata Elksnina-Zascirinska has declared. “If we compare with neightboring countries, Latvia’s business environment is not bad,” said Elksnina-Zascirinska. At the same time, she…

Ukraine: average pension grows to UAH 3,400

Social Policy Minster Maryna Lazebna states that the average pension in Ukraine has increased to UAH 3,400. “According to the results of all these programs, the average pension income in the country has already increased to UAH 3,400,” she said at a briefing. In particular, 10.6 million pensioners and recipients of social benefits, who received…

Latvia: consumer prices down in May 2020

When compared to May 2019, consumer prices in Latvia declined by 0.9%, putting the country among 14 European Union member states where deflation was found in this period of time, according to information published by Eurostat. Identical deflation to Latvia’s was observed in Spain. Deflation was higher in Estonia (-1.8%), Luxembourg (-1.6%), as well as…