The National Bank of Georgia (NBG) has cut the refinancing rate by 0.25%, to 8.25% in order to ensure price stability after monitoring developments in the economy and financial markets of Georgia. The NBG said that in May annual inflation stood at 6.5% and according to the NBG forecast, inflation would continue to gradually decline…
In May, actual unemployment rate in Latvia constituted 9.6%, up by 0.4% MoM. Unemployment rate registered by the State Employment Agency (SEA) accounted for 8.4%, up by 0.4%. Unemployment rate has also increased when compared to May 2019 – actual unemployment rate by 3.3% and registered by 2.3%, according to data from the Central Statistical…
The Cabinet of Ministers of Ukraine has approved a resolution according to which, starting from September 1 it will increase wages for health sector workers. “The wage of doctors is one of the lowest in Ukraine, which is unacceptable, especially in the conditions of a worsening epidemic. The draft act proposes, starting from July 1,…
In May, the producer price index of industrial output increased by 0.1% MoM, but decreased by 3.9% YoY, Statistics Estonia (Statistikaamet) reported. Compared to April, the export price index increased by 0.4%. The prices of electricity, chemical products and beverages increased the most, while the prices of parts and accessories for motor vehicles, textile products…
Realization of 5,954 projects creating more than 120,000 workplaces started under the 2020-2021 Employment Roadmap program, the Labor and Social Protection Ministry’s press service informed. The local executive bodies selected 6,506 projects for realization. Infrastructure projects are to be implemented in four directions: major and minor repairs, reconstruction and construction of sociocultural facilities, housing and…
Ukraine should reduce industrial pollution by 22% until 2025, the newly appointed minister for environmental protection and natural resources, Roman Abramovsky, has said. “We have to prepare and are ready to submit a draft law on the control and reduction of industrial pollution. This is the implementation of the EU’s Industrial Emissions Directive. Industrial pollution…
The business environment in Latvia when compared to its neighboring countries is not bad, but there is room for improvement, Foreign Investors Council in Latvia (FICIL) board member and PricewaterhouseCoopers board chairperson Zlata Elksnina-Zascirinska has declared. “If we compare with neightboring countries, Latvia’s business environment is not bad,” said Elksnina-Zascirinska. At the same time, she…