The European Union (EU) has allocated 14.5 million euros for Azerbaijan as part of the program on the country’s regional development, the Azerbaijani Economy Ministry said. The agreement, signed during the meeting between Azerbaijan’s Economy Minister Shahin Mustafayev and EU Ambassador to Azerbaijan Malena Mard, envisages twinning and technical assistance, creation of an information system…
As from December 10, currency exchange offices of Moldova are entitled to change exchange rates twice within a working day provided it lasts more than 12 hours. The relevant resolution of NBM has come into effect. In line with the resolution, currency exchange offices of Moldova working up to 12 hours a day can change…
The government of Belarus and the Russian state corporation “Bank for Development and Foreign Economic Affairs” (Vnesheconombank) plan to sign a memorandum of understanding to set up an integration development platform. The relevant decision is laid down by Council of Ministers’ executive order No. 994 of December 5. The document will be signed to promote…
Over the past year, a small consumer price increase has been registered in Estonia – from November 2015 to November 2016 the country’s consumer price index has risen by 1%. Statisticians evaluate that the key factors behind this have been more expensive fuel, alcohol and tobacco. Compared to November 2015 last month goods were 1.2%…
The European Union will provide EUR 25 million more in 2017 and 2018 for decentralization reform. Last month EUR 23 million was sent to the Ukrainian budget, Sector Manager of Regional and Local Development in the Delegation of the European Union (EU) to Ukraine Dominik Papenheim said. The EU anticipates that the funds will be…
The austerity policy realized in Baltics during the crisis has resulted in some of the lowest budget deficit and debt levels in the European Union. However, Baltics are part of the six EU member states, which includes Luxembourg, Denmark and Slovakia, which are able to fulfill all Maastricht criteria. “Baltic States have managed to demonstrate…
Compared to November 2015, the average level of consumer prices increased by 1.3% in November 2016. Prices of goods grew by 0.6% and prices of services by 2.9%. In November the greatest pressure on the price changes was put by the rise in prices of food and non-alcoholic beverages, goods and services related to transport,…