In the second quarter of 2020, the average monthly gross wage and salary was EUR 1,433, up by 1% YoY, data from statistics Estonia showed. The year-on-year growth has not been as modest for ten years. In the second quarter of 2020 the average monthly gross wages and salaries were the highest in Harju County…
The foreign ministers of Ukraine and the Republic of Kenya, Dmytro Kuleba and Raychelle Omamo, agreed to intensify trade and investment cooperation between the countries. The two ministers had a phone conversation on August 27, according to the Foreign Ministry’s press service. “The interlocutors dwelled on the prospects of trade cooperation. Kuleba assured that the…
Competition Council (KP) promises to follow possible competition restrictions that could follow after the change of the management model of Lieapaja special economic zone (Liepaja SEZ), as explained in the letter sent by KP to Liepaja Port Tenants Association. At the beginning of August Liepaja Port Tenants Association “categorically objected” to Transport Ministry’s developed amendments…
The decline in Ukraine’s industrial output in July slowed down to 4.2% YoY after sliding by 5.6% in June, the State Statistics Service reported. Taking into account the adjustment for the calendar-day effect, it fell by 4.4%, the stats agency said in its recent report. Compared to the previous month, industrial production in July increased…
Kazakhstan’s real GDP growth is projected at 2.8% in 2021 given the planned measures to bolster the economic sectors are in place. Addressing the government session on August 25, the Kazakh Prime Minister, Askar Mamin, once again emphasized the difficult economic situation the world was facing now due to COVID-19, which also affected Kazakhstan’s economy.…
In 2021, Ukraine’s economy will resume growth, while inflation will remain moderate. These conclusions were reached during a meeting of representatives of the NBU, the Government and leading Ukrainian economists, the NBU press service reported on Facebook. The panelists agreed that in 2021 the economy would enter a growth trajectory, while inflation would remain moderate.…
Ratings agency Standard and Poor’s (S&P) has affirmed its long-term rating on Estonia at the current high level of AA-, while revising the outlook to stable from positive on COVID-19 related risks, the Ministry of Finance has said. The short-term rating was affirmed at A-1+. “Like all European economies, Estonia is severely affected by the…