The International Grains Council (IGC) cut its forecast for Ukraine’s grain exports in the current 2021-2022 season, noting ongoing conflict in the country had fuelled concerns about potential food security risks, Reuters informed. Ukraine’s grain exports were revised to 47.8 million tons, sharply down from last month’s forecast of 62.8 million tons with the council…
Global shipping giant Mediterranean Shipping Company (MSC) has included the seaport of Klaipeda in its maritime route connecting Lithuania with Latin America. The route will link Klaipeda directly with ports in the Dominican Republic, Costa Rica, Peru, Colombia and other countries. Last July, MSC included the Lithuanian seaport in its route linking Western Europe with…
Following war in Ukraine, the central Bank of Lithuania will revise the existing growth forecasts for this year, its board chairman Gediminas Simkus has confirmed, adding that new estimates will be released on March 22. Inflation is now being affected by changes in the international environment, the central banker said. Annual inflation in Lithuania reached…
In 2021, there were 24.4 thousand job vacancies in Latvia, up by 4.9 thousand or by 25.3% YoY. There were 15.9 thousand job vacancies in the private sector and 8.6 thousand in the public sector. During the year, the number of job vacancies in the private sector increased by 4.2 thousand or by 35.8%, while…
Average monthly earnings in Georgia increased by 149.1 GEL ($46.5 or EUR 42) in the fourth quarter of 2021, by 11.3% YoY, and amounted to 1,463.8 GEL ($456.5 or EUR 412.7), data from the National Statistics Office of Georgia (Geostat) showed. The highest monthly earnings were observed in the following fields: financial and insurance activities…
The Board of Directors of the National Agency for Energy Regulation (ANRE) has examined and approved new tariffs for electricity. The new prices will take effect on April 1. The following regulated electricity supply prices were approved by the Premier Energy company, differentiated according to the delimitation points or the places of consumption of the…
Reforms planned in state-owned enterprises, energy market development, energy security and development of human capital were in the focus of a meeting between Lasha Khutsishvili, the Georgian Finance Minister, Yevgeniy Zhukov, the Director General for Central and West Asia of the Asian Development Bank (ADB) and Shane Rosenthal, the ADB Country Director for Georgia. During…