The Verkhovna Rada of Ukraine on February 23 passed a law to increase the revenue and expenditure parts of the 2022 state budget by UAH 26.5 billion. Of these, UAH 16 billion was allocated for the Ministry of Defense to increase the state’s defense capabilities and national security. A total of 345 people’s deputies voted…
In the context of the events in Ukraine, the National Bank of Moldova (BNM) considers it necessary to inform citizens that the banking sector of the Republic of Moldova remains stable, robust and resilient. It has sufficient liquidity to ensure the continuity of its normal operation. “The current level of reform and modernization of the…
The central bank of Lithuania says more money is being withdrawn from ATMs in the country, likely in reaction to Russia launching a military operation against Ukraine on February 24. “As geopolitical tensions rise in the region, cash demand in Lithuania has increased slightly. We would like to underline, however, that money circulation in Lithuania…
Georgian experts forecast the inflation rate in Georgia to begin to “decline significantly” from March to April, Prime Minister said on February 23, adding a reduction in inflation was already observed in the final months of 2021. Garibashvili elaborated on causes of the high inflation rate in the country, naming the global pandemic as the…
Finland will grant Estonia permission to send howitzers to Ukraine to help the country defend itself against Russian aggression – as long as Germany also agrees. Speaking during a parliamentary debate on February 23, Finnish Minister of Foreign Affairs Pekka Haavisto said: “From our side, there is no obstacle if Germany gives the green light…
The Lithuanian fintech company Paysera has halted transfers to and from Russia. The decision was made in solidarity with Ukraine and to reduce risks from the Russian market. The company will no longer process transactions in Russian rubles, close its Russian clients’ accounts and restrict money transfers to and from Russian and Belarusian banks, it…
The Government prolongs active cooperation with the International Monetary Fund, the Prime Minister Denys Shmyhal announced during a Government meeting on February 23. “We welcome the start of another mission of the International Monetary Fund. Economically resilient and stable Ukraine is one of our main long-term responses to the aggressor’s actions,” stressed Denys Shmyhal. The…