According to Statistics Estonia, the production of industrial enterprises in October increased by 1% YoY, marking the first increase of the indicator since the coronavirus pandemic kicked off in spring. Industry is the largest sector of the economy and an important driver of economic growth. The index of industrial production covers the economic indicators of…
Riga City Council’s budget for 2021 may be EUR 17.2 million short. The reduction may be even larger, said chairman of Riga City Council Martins Stakis has declared. Stakis said work on the municipality’s budget for 2021 continued, but it was already clear what the level of consolidation would be and which departments of Riga…
According to Statistics Estonia, in October, the turnover of retail trade enterprises was EUR 665 million. Compared to October 2019, turnover increased by 6% at constant prices. Jaanika Tiigiste, leading analyst at Statistics Estonia, said turnover increased in enterprises engaged in the retail sale of automotive fuel as well as in grocery stores and in…
Finance Minister Serhiy Marchenko says the increase in the minimum wage of Ukrainian citizens to UAH 6,500 ($229), scheduled for July 1, 2021, is postponed until December 1, 2021. “This is explained by the fact that such shock infusions into the economy affect inflation. We discussed the issue with our partners and decided to postpone…
A Research Center for Water Problems will be established in the Khorezm region. The center will be created based on the Khorezm experimental production farm of the Research Institute of Irrigation and Water Management under the Ministry of Water Resources in order to improve water resources management, accounting and improve the reclamation status based on…
Turkmenistan is committed to promoting the socio-economic development of Afghanistan, the Ministry of Foreign Affairs of reports. Turkmenistan’s commitment is shown in infrastructure projects initiated by Turkmenistan, including the construction of social facilities on the territory of Afghanistan on a gratuitous basis. The construction of the TAPI gas pipeline, electric power and communication lines along…
The Finance Ministry of Ukraine expects that the state budget for 2021 will be approved until mid-December, Finance Minister Serhiy Marchenko has said. “This year, the delay in adoption of the state budget is impossible for one simple reason, that we have a session this week and another one in mid-December,” he said. He has…