In 2020, Ukrainian exports to the Socialist Republic of Vietnam (SRV) increased by 92%, to $184.5 million. The countries agreed to resume work on a free trade agreement (FTA), Deputy Minister of Economic Development, Trade and Agriculture – Trade Representative of Ukraine Taras Kachka wrote on his Facebook page following a meeting of the Ukrainian-Vietnamese…
On January 25, Japanese credit rating agency R&I maintained Latvia’s credit rating at A-level with a stable future outlook, the State Treasury reported. In spite of the negative effect from Covid-19 pandemic, which caused a massive decline for Latvia’s economy in 2020, the agency claims the framework of economic growth is not affected and it…
The Ukrainian economy will begin to recover in 2021 due to positive trends in foreign markets and monetary policy of the National Bank of Ukraine (NBU). Such forecasts were made by Ukrainian presidential advisor on economic issues Oleh Ustenko, the press service of the President’s Office reported. “If we talk about 2021 in general, we…
Looking at the budget, Riga City Council Finance and Administrative Affairs Committee supported increasing wages for the city council chairman, vice-chairmen, heads of committees and deputies instead of freezing the wage increase process similarly to other municipalities and state institutions. The proposal to freeze the increase of wages was suggested by members of Harmony political…
Retail trade in Ukraine grew by 8.4% in comparable prices in 2020 against 2019. Retail turnover increased the most in Kyiv region (by 18.7%), Zaporizhia region (by 15.7%) and Chernihiv region (by 14.2%), according to the Ukrainian State Statistics Service. Meanwhile, the turnover dropped by 2.7% only in Zakarpattia region, the report said. Retail trade…
The National Bank of Ukraine (NBU) has decided not to change the discount rate and leave it at the level of 6%, NBU Governor Kyrylo Shevchenko says. “The Board of the National Bank decided to keep the discount rate unchanged at 6% per annum,” Shevchenko said at a briefing on January 21. The NBU notes…
On January 21, Latvia’s Cabinet of Ministers decided to allocate EUR 600,000 from the state budget for emergencies to support non-government organizations (NGOs) to compensate for the negative effect of Covid-19 crisis in 2021, as reported by Culture Ministry. Because of the spread of the pandemic, restrictions put in place by the government continue causing…