The International Monetary Fund is monitoring the situation in Ukraine and is planning to send the next review mission under the Stand-By Arrangement for Ukraine in the first quarter of 2022. Gerry Rice, Director of the IMF’s Communications Department and IMF Spokesman, said this at a briefing in Washington. “The board approved in November 2021…
China’s decision to suspend imports of certain products from Lithuania will not cause any problems, because businesses have already stopped exporting to China and found new markets, Lithuanian Prime Ministers Ingrida Simonyte has said. “As far as I know, there’s no practical problem because of this decision, since exports of these products to China have…
Tallinn hopes to be able to complete the procurement project for the extension of the tramline until autumn, but several disputes still need solutions. The capital’s tramline will be extended to Tallinn’s Old Harbor and financing has been provided by the EU. Construction work should start until the end of the year and finish in…
Georgia and the UK assessed Georgia’s investment potential and business opportunities. The issue was discussed at the meeting between the Head of the London Chamber of Commerce Richard Burge and the MPs of the Georgian Parliament on their official visit to the UK. According to Nikoloz Samkharadze, a member of the delegation and the Chairman…
Hazelnut producers will have the opportunity to benefit from free business advice from an American volunteer who will be in the country until February 27. The visit will take place within the USAID-funded Farmer-to-Farmer program and implemented in our country by CNFA (Cultivating New Frontiers in Agriculture) Moldova. American specialist Ross Penhallegon has over 50…
It is expected for inflation in Latvia to remain at 7.5-8% throughout the entire first half-year of 2022. This will be dictated mostly due to the energy and food product price climb, as reported by the Ministry of Finance. In the second half of the year, inflation will gradually decrease, the ministry predicts. The latest…
Inflation rate in Georgia will remain double digit in the beginning of 2022 before decreasing sharply in March, the Renaissance Capital investment bank reports. Meanwhile, inflation rate in Georgia in December 2021 increased by more than 11% YoY, to 13.9%. Renaissance Capital considers the tightening of monetary policy by the National Bank of Georgia was…