The amount of cash in circulation in Latvia has leveled out as a result of borders becoming closed following the start of Covid-19 pandemic, as reported by the Financial Intelligence Unit (FID) manager Ilze Znotina. “We believe it is related to large amounts of cash being carried over the border. We have informed the State…
Tax take from Estonia’s e-residency system rose by around a third YoY in 2020, the state agency Enterprise Estonia reported, a record year in terms of direct economic impact since the system was launched in 2014. Companies set up by individuals all over the world who are registered e-residents paid in close to EUR 17.5…
The Ministry of Infrastructure of Ukraine is interested in implementing joint infrastructure projects with U.S. companies, in particular in the field of railway transport, Minister of Infrastructure Vladyslav Kryklii has said during an online meeting with representatives of the U.S. Wabtec Corporation. Kryklii stressed that the implementation of projects in the field of railway transport…
New opportunities for Estonian businesses have emerged during the COVID-19 crisis, as global supply chains get shorter and become more regional, Governor of the Bank of Estonia (Eesti Pank) Madis Muller has said at a conference on economic security. Muller said there was a global trend in shortening the supply chains for the production of…
Because of Covid-19 crisis there are sometimes major price differences for the same goods in different shops in Latvia, says Agricultural Market Promotion Centre (LTVC) manager Inguna Gulbe. “Covid-19 has polarized the population in Latvia even more. The rich and the poor are even more far-apart. The gap has expanded uncontrollably. Previously Latvia’s political stage…
While the authorities of Kyrgyzstan are changing the Constitution and holding elections, the situation in the country is deteriorating. Drop in GDP continues, as well as the rise in prices for almost all products. Experts’ forecasts are disappointing. Improvement can be expected only until the end of the year, but on condition that the epidemiological…
Farming output in Estonia dropped by 2% in 2020, compared to the year of 2019 and this was in part due to the COVID-19 pandemic, Minister of Rural Affairs Urmas Kruuse said. On April 15, the Rural Affairs Minister stated: “As was the case with other sectors, agriculture did not remain unaffected by the COVID-19…