The Consumer Price Index (CPI) rose by 15.2% YoY in March, state agency Statistics Estonia reported, with housing-related price changes exerting the greatest influence. Services were 18.1% more expensive than in March last year and goods – 13.7% more expensive. Between February and March the CPI rose by 2.7%, Statistics Estonia said. Viktoria Trasanov, Statistics…
The frozen foreign exchange reserves have been lost to Russia forever, and these funds are likely to be used to rebuild Ukraine. The relevant statement was made by Advisor to President of Ukraine on Economic Affairs Oleh Ustenko. According to Ustenko, half of Russia’s foreign exchange reserves, which were available before February 24 (about $325…
President of the European Council Charles Michel emphasizes that the European Union will continue to support Ukraine. “We will continue to provide humanitarian and financial support to Ukraine. We have a new fund for Ukraine which will facilitate massive investment to restore the country’s economy and infrastructure,” Michel said, speaking at the plenary session of…
Under current conditions state debt maintenance costs may increase slightly, economist of the Bank of Latvia Karlis Vilerts has said at a meeting of Saeima’s Sustainable Development Committee. Although the interest rates remain very low, the high inflation is expected to contribute to a gradual rise of interest rates and, as a result, a rise…
Total production of industrial enterprises in Estonia rose by 1.7% YoY at constant prices on year in February, state agency Statistics Estonia reported. Output increased by 4.7% in manufacturing, the sector with the largest growth, though it decreased by 11.8% in mining and by 16.6% in energy production. Helle Bunder, Statistics Estonia analyst, said: “In…
President of Ukraine Volodymyr Zelensky has called on Spanish companies to stop doing business with Russia. “I know that many of your companies have already stopped financing the Russian military machine through taxes. I want to thank you, your citizens and your government. I am grateful to these companies, to your entire state and society…
Revenues worth 20 billion lei were collected in the national public budget (BPN) in the first three months of this year, up by 3.3 billion lei YoY. According to the Finance Ministry, the expenses stood at 21.1 billion lei, up by 3.9 billion. The BPN’s carrying out resulted in a deficit of 1.1 billion lei…