Ukraine may save about $5.9 billion within a year, as investors have agreed to reschedule its external debt service payments until 2024. The relevant statement was made by the Ukrainian Finance Ministry. In August, investors supported Ukraine’s proposal to change the terms of issuance and placement of the state financial instruments. Three-week negotiations with holders…
The Lithuanian Finance Ministry has kept the country’s annual GDP growth forecast for 2022 unchanged at 1.6% despite slower growth in the second half of the year. The ministry has also revised its GDP growth forecast for 2023 to 1.4%, down from its earlier estimate of 2.1%, according to the latest macroeconomic projections published on…
Georgian Prime Minister Irakli Garibashvili on September 12 announced amendments to the country’s budget bill to reduce its foreign debt to 40% of the gross domestic product, and budget deficit to 3.2% of the GDP, crediting the “unprecedented, double-digit” economic growth for enabling the moves. Speaking during the cabinet meeting, the Government head said the…
Compensating businesses for rising electricity and gas costs would put an unbearable burden on the country’s budget, Lithuanian Finance Minister Gintare Skaiste has said, adding that the majority of the European Union countries are only providing support for households. “At present, the majority of countries provide support only to households since businesses consume both electricity…
Passenger flow at Tbilisi International Airport recovered by 92% compared to the pre-pandemic 2019 figure in August, TAV Georgia, the company operating two major airports in the country, said on September 12. In further details, TAV Georgia said the airport serviced 363,830 passengers in August, up by 48% YoY. Figures for Batumi International Airport in…
Lithuania is set to open its trade office in Taiwan this week, the South China Morning Post has reported. The move is likely to cause additional friction with Beijing, which has downgraded diplomatic ties with Lithuania and imposed economic sanctions after the Taiwanese representative office opened in Vilnius last year. China considers Taiwan part of…
The national air operators will be banned from making flights to Russia. The Civil Aviation Authority (AAC) on September 12 issued an Operational Directive to this end. According to an AAC press release, the decision was taken in order to ensure the aviation safety and security, taking into account a decision issued by the International…