63% of domestic startups are focused on the market of the entire Ukraine, 24% – on the local market and 12% of newly created companies – on the foreign market. Such data from research by the Polish-Ukrainian Startup Bridge program on the Ukrainian startup industry were announced by Yaroslav Khariy, the program’s partner in Ukraine,…
On January 19, Lithuanian President Gitanas Nauseda said he was ready to initiate support measures for firms affected by China’s sanctions. “We talked about tax policy changes that would help businesses in the current situation: possible amendments to the corporate tax system,” Nauseda told reporters, adding that his office “is ready to initiate such measures…
JSC Latvenergo has signed two short-term loan provision contracts to secure current assets and maintain liquidity. The loan amounts reach EUR 90 million, as the company informed Nasdaq Riga. Latvenergo and OP Corporate Bank plc in Latvia have signed a short-term loan contract worth EUR 60 million and a loan contract with SEB Bank worth…
Estonia’s hoteliers and caterers are searching for at least 1,500 workers before the start of this year’s summer season. These sectors were the most affected by coronavirus restrictions with many businesses making staff redundant. There are currently more than 700 job offers in hospitality on the website CV Keskus, marketing manager Henry Auvaart has said,…
The Lithuanian parliament voted on January 18 to reject proposals on liberalizing the rules on alcohol sales. The amendments, drafted by the ruling conservative-liberal coalition, included proposals to lower legal drinking age and extend alcohol-selling time. However, MPs rejected individual proposals as well as the amendment bill, which was voted down 63 to 51. Under…
Georgia has retained its macroeconomic stability in the region in the post-COVID-19 pandemic period, the Minister of Economy and Sustainable Development of Georgia Natia Turnava has said. Georgia’s economic growth is high, and the macroeconomic policy in the country is predictable, while the exchange rate of the Georgian lari remains stable. According to the minister,…
Ukraine’s energy system works consistently and provides the required amount of electricity to consumers. “As for the operation of the energy system, I would like to note that it works consistently and covers the amount of electricity required by consumers,” Energy Minister of Ukraine German Galushchenko said at a briefing. He outlined the energy system…