When compared to May 2019, consumer prices in Latvia declined by 0.9%, putting the country among 14 European Union member states where deflation was found in this period of time, according to information published by Eurostat. Identical deflation to Latvia’s was observed in Spain. Deflation was higher in Estonia (-1.8%), Luxembourg (-1.6%), as well as…
The Estonian state needs an estimated EUR 3.87 billion for 2020 and a further EUR 1.2 billion for 2021, the treasury (Riigikassa) has announced, following an outline of changes on how the state’s cash-flow will be managed going forward and in the wake of the coronavirus pandemic and its economic fallout. The debt requirements of…
In January-April, mutual trade between Kazakhstan and the EAEU countries amounted to $5685.9 million. This amount is 9.3% below that in January-April 2019, including export – $1,606.6 million (-16.5%) and import – $4,079.3 million (-6.1%). According to the agency, 92.6% accounts for the Russian Federation, 3.9% – the Kyrgyz Republic, 3.4%, – the Republic of…
The National Bank of Georgia has sold $20 million to stabilzse the Georgian lari amid its depreciation. As of now, $1 costs 3.0404, while 1 EUR costs 3.4177 GEL. In 2020, the National Bank of Georgia carried out seven foreign exchange interventions in total selling $209.65 million. Back in January the cost of $1 was…
Under influence from COVID-19 crisis the number of employed people in Latvia may decline by 7.5% or by 69,000, whereas the unemployment level in 2020 may increase to 11%, according to the report from Economy Ministry on the medium and long-term outlooks for the labour market. The ministry notes that along with the rapid spread…
A total of 56,000 enterprises have taken the opportunity of partial unemployment benefits and 131,000 employees have already received financial assistance from the state, according to Economy, Trade and Agriculture Development Minister Ihor Petrashko. “Some 56,000 companies have benefited from the partial unemployment program: 131,000 people receive assistance,” Petrashko said at a briefing. According to…
About 202 million GEL ($66.12 million or EUR 58.37 million) will be spent on 67 water and sewerage infrastructure projects throughout Georgia in 2020 that will benefit about 779,625 people, the United Water Supply Company of Georgia has announced. “Currently, the United Water Supply Company of Georgia is implementing 34 large-scale infrastructure projects, and 33…