Wage growth recovered last year following the slowdown of 2020, reaching the pre-pandemic levels, the state agency Statistics Estonia reported. The average monthly gross wages and salaries across all sectors in Estonia stood at EUR 1,548 in 2021, up by 6.9% YoY. Argo Tarkiainen, Statistics Estonia analyst, said that, last year so far as sectors…
Russia’s military invasion of Ukraine and the closure of airspace to Russian aircraft have already affected Lithuania’s tourism sectors, its representatives have said. “Reservations are being cancelled, especially from distant countries, as well as from so-called old Europe. Practically, the May trips to our region have been cancelled,” Zydre Gaveliene, head of the National Association…
Ministry of Digital Transformation launches fundraising portal to rebuild Ukraine – Send Putin to the Jupiter. Anyone wishing can donate UAH 99 or $2.99 on the portal https://putler.io/. The account belongs to the State Enterprise DIIA, and the funds will be directed to the army and the restoration of infrastructure with a public report on…
The Business Association of Georgia (BAG), which brings together hundreds of entrepreneurial groups in the country, transferred 100,000 GEL ($31,000 or EUR 28,000) through Georgia’s Red Cross Society in support of Ukraine on March 2. The 2009-founded association, which involves around 100 holding groups in Georgia, said “at times like this it is especially important…
The Consumer Price Index in Georgia increased by 0.9% MoM in February, while the annual inflation rate totaled 13.7%, the latest inflation data of the National Statistics Office of Georgia (Geostat) showed. “With regard to annual core inflation (excluding food and non-alcoholic beverages, energy, regulated tariffs, transport), prices increased by 5.1%, while annual core inflation…
The turnover of retail trade enterprises in January came to EUR 730 million, state agency Statistics Estonia reported, a rise of 8% YoY, at constant prices. Johanna Linda Pihlak, Statistics Estonia analyst, said: “The turnover growth in enterprises engaged in the retail sale of automotive fuel accounted for nearly a half of the total rise…
Minister of Finance of Ukraine Sergii Marchenko has met online with the financial leaders of the G7 countries, the International Monetary Fund and the World Bank. The parties discussed possible financial instruments of assistance to help strengthen Ukraine’s economic system, including an increase in the amount of support and the facilitation of procedures for the…