Ukrainian Minister for Foreign Affairs Dmytro Kuleba has said that funds received from the Export-Import Bank of the United States will be used for joint projects with the localization of part of production in Ukraine. Kuleba reminded that the Export-Import Bank of the United States opened a $3-billion line to finance projects in Ukraine. “These…
Construction of the longest tunnel in Georgia, 9-km long and 15-m wide Kvesheti-Kobi tunnel, has begun, the Ministry of Infrastructure reports. The tunnel will be carved with the tunnel-boring machine specially made for the construction of the Kvesheti-Kobi tunnel. “This is one of the most high-tech tunneling machines in the world that helps to significantly…
Shoes became expensive in Latvia in a year-on-year inflation comparison in August, which showed the general inflation at 3.7%. According to a press release of the Latvian Central Statistical Bureau, the greatest pressure on the average price level changes in August 2021 compared to August 2020 was put by the rise in prices of goods…
Uzbekistan intends to raise trade with Turkic Council states up to $10 billion, the Deputy Minister for Investments and Foreign Trade Aziz Voitov has said. Voitov made the remark at the 10th meeting of the ministers of economy of the countries participating in the Cooperation Council of Turkic-speaking states (Turkic Council) in Baku. “We have…
A more-optimistic-than-expected summer economic forecast stands testimony to the government’s crisis management policy, Prime Minister Kaja Kallas (Reform) said on September 9, the first day of the 2022 state budget cabinet talks. Kallas said: “The sufficiently substantial and well targeted supplementary budget compiled rapidly this spring played an important role in this, having provided the…
Lithuania’s parliamentary Committee on Foreign Affairs expressed its support to the actions of the Lithuanian Government with respect to China. Zygimantas Pavilionis, the committee’s chairman, said after the meeting that Lithuania might even benefit from China’s sanctions over time. “I think Lithuania will benefit from these sanctions, as can be seen from the example of…
In August, consumer prices in Ukraine decreased by 0.2% MoM, according to the State Statistics Service, but ose by 10.2% YoY and by 6.2% compared to December 2020. In January-August, compared to the same period last year, consumer inflation amounted to 8.7%. Core inflation last month was 0% compared to July. Since the beginning of…