President Shavkat Mirziyoyev attended the 14th summit of the Economic Cooperation Organization (ECO) on March 4. The event was chaired by Turkish President Recep Tayyip Erdogan. In his address, Mirziyoyev named the space of the Economic Cooperation Organization a region with huge potential, a common history, religion, culture and values. He also underlined that the…
The National Bank of Ukraine (NBU) forecasts that remittances from migrant workers to Ukraine will amount to $13 billion in 2021, up by 8% YoY, Deputy NBU Governor Yuriy Heletiy has said. “In 2021, remittances from migrant workers are expected to grow by 8%, to about $13 billion,” Heletiy said at a briefing. He added…
Wage growth in Estonia is much slower than before the crisis, as labor shortages are notably smaller than they were in previous years, Bank of Estonia (Eesti Pank) economist Orsolya Soosaar has said, commenting on recently published average wage data. On March 2, Statistics Estonia published data showing the average gross wage in Estonia in…
In 2020, the share of cashless payments using payment cards in Ukraine rose by 25% YoY, the press service of the National Bank of Ukraine (NBU) reported. “In total, the number of non-cash transactions using payment cards increased by 25% in 2020, compared to 2019, and amounted to 5,211.2 million operations, and the volume rose…
In January-February, Ukraine’s trade turnover amounted to $17.57 billion, up by 4.44% YoY, according to data provided by the State Customs Service. Since the beginning of the year, the volume of imports has reached $9.09 billion, including $4.87 billion in February. The largest volumes of goods imported to Ukraine were mineral fuel, oil and products…
To reduce the spread of Covid-19, remote work may be proposed as compulsory during a state of emergency, as Latvia’s Prime Minister Krisjanis Karins has said. The prime minister said, referencing data reported by the Disease Prevention and Monitoring Centre, that coronavirus infections most often took place at work. “People feel safe in their respective…
According to state data agency Statistics Estonia, the average monthly gross wages and salaries in Estonia in 2020 were EUR 1,448, up by 2.9% YoY. Trade, accommodation, catering and arts and entertainment however saw a decline in average wages during the corona-riddled year. The nearly 3% increase is the first time in ten years the…