Enterprise Georgia agency is starting a new program to co-finance family-owned, small and medium-size hotels in Georgia. As reported, the program will seek to alleviate financial problems in the tourism industry due to the spread of the coronavirus. The program aims to support family-owned, medium and small-size hotels so that they continue operating in the…
Compared to January, in February the level of producer prices in Latvian industry fell by 0.3%. Prices of products sold on the domestic market reduced by 0.2% and prices of exported products – by 0.4%. Prices of products exported to euro area countries decreased by 0.5% and prices of products exported to non-euro area countries…
The National Bank of Ukraine (NBU) sold $200 million in the interbank market on March 19 to smoothen out excessive exchange rate fluctuations, the central bank wrote on its Facebook page. “We still do not set the exchange rate. There is a flexible exchange rate in the country. However, our goal is to avoid sharp…
The government decided on March 19 to launch a EUR 2-billion package of measures to boost the economy and mitigate the effects of the crisis caused by the coronavirus, Prime Minister Juri Ratas (Center) said. “The members of the government gave their approval to a package of measures of EUR 2 billion, which represented nearly…
Georgia’s domestic exports (exports without re-exports) amounted to $526.3 million in January-February, up by 4.5% YoY, showed the preliminary data from the National Statistics Office of Georgia (Geostat). The share of domestic exports (export of locally produced goods and services, including those of foreign origin that have been substantially changed through local processing) in total…
The average wage in Ukraine in January amounted to UAH 9,581, according to the Pension Fund of Ukraine. “The average wage rate for January, totaling 9,581 hryvnias 38 kopecks, was approved, from which insurance contributions were paid and which, in accordance with the Law of Ukraine “On Compulsory State Pension Insurance”, was taken into consideration…
Several supermarket chains across Estonia have reduced their opening hours to help stop the spread of the coronavirus (COVID-19) and have introduced measures to limit the exposure of their staff. All Rimi stores across Estonia will be open from 10 a.m. to 9 p.m., the retailer has announced. “We have made the decision to reduce…