A total of 12 types of Georgian wine have been exported to Qatar since May 27, marking the first batches of Georgian wine export to the country, the Georgian National Wine Agency reports. As a result of the cooperation between the Embassy of Georgia in Qatar and the country’s Distribution Company, Georgian wine will soon…
Energocom has extended the contract for June at a price of $59.90/MWh with the Kuchurgan power station, according to Deputy Prime Minister Andrei Spinu, Minister of Infrastructure and Regional Development. “In addition, Energocom will sign a 30% energy delivery contract with EnergoAtom (Ukrainian state-owned company). The weighted average price of electricity for June will be…
Western sanctions on Russia are inflicting increasing economic pain, Mateusz Morawiecki, the Polish prime minister, has said. Morawiecki made the claim upon the conclusion of an EU summit in Brussels on May 31 where EU leaders agreed on an oil embargo against Russia, hitting at the foundations of the country’s economy. “The sanctions are slowly…
In more than three months, the support of Ukraine’s allies amounted to $7 billion, Prime Minister Denys Shmyhal announced during a Government session on May 31. “Every day we work and negotiate to increase aid. For example, today we will approve the terms of attracting financial support from the Government of Canada in the amount…
The European Union is set to provide Ukraine with another EUR 9 billion in macro-financial assistance. President of the European Council Charles Michel broke the news on Twitter. “The European Council will continue helping Ukraine with its immediate liquidity needs, together with G7. EUCO is ready to grant Ukraine EUR 9 billion. Strong and concrete…
Compared to Q1 2021, gross domestic product (GDP) rose by 6.7% in Q1 2022, according to seasonally and calendar non-adjusted data at constant prices. GDP at current prices was EUR 8.1 billion. As compared to the previous quarter, GDP went up by 3.6% (according to seasonally and calendar adjusted data at constant prices). Compared to…
Inflation in Poland will stay at a double-digit rate until the end of the year, likely peaking in August, an analyst at the Polish Economic Institute (PIE) has predicted. Marcin Klucznik also said that during the summer, food prices would be 20% up YoY. The Central Statistical Office (GUS) announced on May 31 that the…