Ferry links between Tallinn and the Finnish capital, Helsinki, are partly reopening for work-related journeys. Tourist ferry trips are still off the table, however. All three major shipping lines, Tallink, Viking Line and Eckero, are restarting their routes, which, save for cargo supplies, have been largely dormant since March. The move follows an announcement by…
In Ukraine, 490 thousand citizens are officially registered as unemployed. “Today, with 490,000 persons officially registered as unemployed, we can say that the statistics on reduction in the number of unemployed will demonstrate the effectiveness of the government’s plan to create 500,000 jobs. Or if it is ineffective, the statistics will also reflect this and…
Economy Minister Ruslan Dalenov spoke about the results of the country’s socioeconomic development for January-April. Production of goods grew by 5.8%, while the production of services fell by 4%. As a result the GDP decreased by 0.2%. Production of services fell due to restrictions imposed amid the coronavirus spread fears. The annual inflation made 6.8%.…
The National Bank of Ukraine (NBU) says the country’s international reserves as of May 1 totaled $25.695 billion, up by 3.1% MoM. “As of May 1, Ukraine had an equivalent of $25,695.0 million in international reserves, according to preliminary data. In April, they increased by 3.1%. The increase was primarily driven by the NBU’s reserves…
In March the foreign trade turnover of Latvia amounted to EUR 2.42 billion, which at current prices was 5.1% less than a year ago, of which the exports value of goods dropped by 0.7%, but imports value of goods – by 8.4%. In March, Latvia exported goods in the amount of EUR 1.1 billion, but…
Lockdown measures to battle the coronavirus pandemic will cause Ukraine’s economy to shrink by 1% in the first quarter of 2020 and by 10.9% in the second quarter, a Reuters monthly poll of analysts said. The government has forecast that the country’s gross domestic product will shrink by about 5% overall this year and the…
The European Commission predicts that Lithuania’s gross domestic product (GDP) will contract by 7.9% this year due to the Covid-19 pandemic. However, the country’s economy should rebound and grow by 7.4% next year, the Commission said in its Spring 2020 Economic Forecast. According to the Commission, the heaviest blow to Lithuania’s economy will be dealt…