Industrial production volumes increased by 15.9% in May 2021, y/y. Production increased by 7% in energy and 18% in manufacturing, but decreased by 13% in mining.
Fintech formerly known as Transferwise has won customers during pandemic lockdowns as people sought alternative ways of transferring cash.
Latvia’s industrial production output rose by 10.1% y/y in May, according to calendar adjusted data at constant prices, the country’s Central Statistical Bureau (CSB) announced on July 5.
Capital Economics analysts point to evidence of growing price pressures in eastern EU members.
EBRD says recovery from the coronacrisis is progressing faster than expected, but many emerging Europe economies won’t return to 2019 levels of GDP until 2022.
10lines targets a multi-billion dollar market largely untouched by innovation.