Amid continuing heatwaves, Lithuanians have been sweeping shops for electric fans and portable air conditioning units. Construction specialists say cooling homes may become a bigger concern in the future than heating. Unusually hot weather has persisted in Lithuania since early June and people are looking for ways to stay cool. Meanwhile, retailers say they are…
The value of Turkey’s cement exports to Georgia increased by 2.3% YoY in January-April, amounting to $13.1 million, the Turkish Ministry of Trade reported. “In April, the volume of cement exports from Turkey to Georgia rose 1.3-fold, to $3.78 million,” the ministry said. (AzerNews/Business World Magazine)
“We cannot introduce a lockdown in Kyrgyzstan,” Minister of Health and Social Development Alymkadyr Beishenaliev has declared. He reminded that the country’s economy suffered greatly last year due to lockdown. “Then we took loans, funds from donors and were able to get out,” he said. The minister added that if a lockdown were introduced, there…
Only 3% of women employed in Georgia are entitled by law to use full-time paid maternity leave, a new report published by the International School of Economics at Tbilisi State University (ISET) and the UN Women shows. “There are exceptions when the employer pays women compensation voluntarily”, reads the report. The report says that the…
Exports and imports both rose by around a half in May, state agency Statistics Estonia reported, driven by fuels, electrical and transport equipment in particular, as well as 2020’s low reference base – the result of the pandemic. Exports totaled EUR 1.5 billion, up by 47% YoY, while imports came to EUR 1.6 billion, up…
Lithuania borrowed 750 million euros in international capital markets on July 10, issuing a 30-year Eurobond, the Finance Ministry said. The annual coupon – the annual interest rate the bondholders will receive – was set at 0.75%. Previously, Lithuania issued Eurobonds of the same maturity in 2017, 2019 and 2020 with annual coupon rates of…
Having decreased by $1.37 billion over the month, the volume of gross gold and foreign exchange reserves of Uzbekistan as of July 1 amounted to $34.14 billion, according to the data unveiled by the Central Bank. The country’s gold and foreign exchange reserves declined after a record high in early June, which was $35.5 billion.…