Georgia received $207.3 million from abroad in November, up by 22% YoY, the National Bank of Georgia (NBG) reported. The largest remittance senders were Russia ($34.40 million), Italy ($32.06 million) and the United States ($23.98 million). Overall, the vast majority (95.1%) of all money transfers came from 21 countries, with the volume of transfers from…
At the start of 2022, ferry company Tallink will suspend the Tallinn-Stockholm line for five weeks due to high fees, fuel costs and low passenger numbers. Between January 11 and February 17, 2022 the Estonia-Sweden line will be suspended. Between February 17 and April 8, 2022 one ship will service the route. Tallink CEO Paavo…
A national sovereign fund with an office in Dubai and practically in all financial centers of the world will be opened in Kyrgyzstan, the Chairman of the Cabinet of Ministers Akylbek Japarov has stated at a round table to discuss the draft law on public procurement. He said that he had just returned from the…
Ukraine’s Investment Promotion Office (UkraineInvest) plans to boost the inflow of foreign direct investment in the production sector of Ukraine up to $5 billion a year until 2025. “Our program aims to boost the annual inflow of foreign direct investment to Ukraine at the level of $5 billion until 2025. As of the first half…
As of December 10, three sugar factories continue raw materials processing in Vinnytsia region. According to the press service of Vinnytsia Regional State Administration, production season was completed at Agricultural Complex “Zelena Dolyna” LLC (Tomashpil Sugar Refinery) and “Yuzepho-Mykolaiv Agroindustrial Company” LLC. Since the beginning of the production season, 2,241.5 thousand tons of beets have…
The Lithuanian parliament adopted the government spending budget for 2022 on December 14. Seventy-one MPs voted in favour of the budget bill and four abstained. Many opposition MPs left the room before the vote. They said they were protesting the absence of the ruling coalition MPs when the opposition was presenting its suggestions. All MPs…
About 1.37 million Georgian resident visitors aged 15 years and higher made 1.57 million trips within Georgia in the third quarter of 2021, up by 20.1% YoY, the National Statistics Office of Georgia (Geostat) reported. Geostat reported that the monthly average of tourist trips made by Georgian residents totaled 813,500 in the third quarter, up…