Ukraine: president outlines strengths of Kirovohrad region

Kirovohrad region has a strong potential and should develop the transport sector, food industry, mechanical engineering, instrument engineering, IT, as well as land resources. “Kirovohrad region has a favorable geographical location and, therefore, good transport potential. It has very fertile lands and mineral resources, has a future in the food industry, mechanical engineering, instrument engineering…

Ukraine: budget in deficit in January-July 2020

The deficit of Ukraine’s national budget in January-July was estimated at UAH 51.195 billion, or $1.9 billion, against UAH 2.857 billion ($104.3 million) in deficit reported last year, before the coronavirus-related crisis. The deficit of the country’s consolidated budget over the period under review was UAH 32.067 billion ($1.2 billion) against UAH 22.7 billion ($828.8…

Estonia: wages up in Q2 2020

In the second quarter of 2020, the average monthly gross wage and salary was EUR 1,433, up by 1% YoY, data from statistics Estonia showed. The year-on-year growth has not been as modest for ten years. In the second quarter of 2020 the average monthly gross wages and salaries were the highest in Harju County…

Latvia: Competition Council to monitor Liepaja SEZ management model change

Competition Council (KP) promises to follow possible competition restrictions that could follow after the change of the management model of Lieapaja special economic zone (Liepaja SEZ), as explained in the letter sent by KP to Liepaja Port Tenants Association. At the beginning of August Liepaja Port Tenants Association “categorically objected” to Transport Ministry’s developed amendments…