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…
The Ministry of Economy submits for public discussion the draft decree “On Approval of the Concept of Development of Creative Economy in the Kyrgyz Republic for 2021-2023”. According to the justification note, the need to create favorable conditions for the development of the sectors that make up the creative industries is stated in the National…
Prime Minister of Ukraine Denys Shmyhal has instructed to prepare a draft memorandum of understanding on the settlement of problematic issues in the sector of centralized heating and hot water supplies in Ukraine. Shmyhal gave such an order during a meeting on tariff policy in the sector of centralized heating on January 20. “All branches…
In December 2020, actual unemployment rate comprised 8.3%, up by 0.4% MoM. Unemployment rate registered by the State Employment Agency (SEA) accounted for 7.7%, up by 0.3%. Unemployment rate increase may be observed when comparing the data to the December 2019 – of 1.7% in actual unemployment rate and 1.5% in registered unemployment rate, according…