According to Statistics Estonia (Statistikaamet), the service sector represented 72% of the EUR 28-billion GDP Estonian economy in 2019 with Harju County accounting for EUR 18 billion of total GDP. Harju county was followed by Tartu and Ida-Viru counties, which accounted, respectively, for 11% and 6% of Estonia’s gross domestic product (GDP). Hiiu and Polva…
The macroeconomic situation in Ukraine remains stable despite the global recession in the world economy, Deputy Head of the Ukrainian President’s Office Yulia Kovaliv has stated at the first annual international conference organized by UkraineInvest. “Despite the global economic recession caused by COVID, the macroeconomic situation in Ukraine remains stable. We see the stability of…
President Egils Levits promulgated the Law on State Budget for 2021, the Law on Medium-Term Budget Content for 2021, 2022 and 2033, as well as laws associated with the budget for 2021. Still, the president also offered a detailed assessment of the content of the state budget and the procedure under which the law was…
On December 9, in the format of a videoconference, extended negotiations were held between the Deputy Prime Minister – Minister of Investment and Foreign Trade of the Republic of Uzbekistan Sardor Umurzakov a the Minister of Economic Development of the Russian Federation Maxim Reshetnikov with the participation of the heads of key ministries and departments…
In October, the foreign trade turnover of Latvia amounted to EUR 2.7 billion, which at current prices was 3.9% larger than a year ago, of which the exports value of goods was 7.7% higher and imports value of goods – 0.6% higher. Latvia exported goods in the amount of EUR 1.31 billion and imported –…
Exports rose by 10% YoY in October, while imports fell by 5%, state agency Statistics Estonia reported. October was the second month in a row when exports increased. Both exports and imports totaled EUR 1.4 billion in October. Goods of Estonian origin made up 75% of the total; exports to non-EU countries rose by 38%,…
Kazakh PM Askar Mamin charged state bodies to further achieve targeted indicators in economic sector they were responsible for. He stressed that stabilization of the country’s epidemiological situation and its preservation would boost economy. “Thanks to the measures taken in backbone industries in the past 11 months the country’s economy improved and reported positive growth…