Ukraine’s state budget cannot cover the restoration of all the facilities destroyed by Russia’s full-scale aggression. Therefore, the Fast Recovery Plan provides for the reconstruction of completely destroyed objects or objects damaged by at least 50% at the expense of foreign donors, Deputy Head of the President’s Office Kyrylo Tymoshenko reports, He noted that the…
The distribution of salary payments by the public authorities might be made through the MPay governmental service of electronic payments. The members of the parliament’s commission for economy, budget and finances have approved the report on the draft on amendment of the law on salary payment and the law on the single system of salary…
A latest report by the national bank of Georgia has said the country’s financial sector is maintaining stability and is lending to the economy “without interruption”. The bank said on September 28 its inquiry had shown a majority of banks had already restored the buffers released during the shock of the Covid-19 pandemic, and were…
Lithuania will spend an additional 148 million euros on defence this year and buy Joint Light Tactical Vehicles (JLTV), HIMARS rocket systems, radars and ammunition. On September 28, the country’s government approved the allocation of additional funds planned in the budget after the Finance Ministry updated its GDP forecast, as overall defence funding was linked…
Rating agency Standard and Poor’s (S&P) has downgraded Poland’s economic growth forecast to 4% in 2022 from 4.5%. At the same time, S&P has lowered its forecast regarding Poland’s economic growth in 2023 from 2.1% to 1.2%, the company has said in a report published on September 28. The downward forecast revision “reflects a larger…
Lithuania’s parliamentary committees on September 28 ended their discussions on a proposal to fund reconstruction of Ukraine’s water supply system through an additional water tariff for Lithuanian residents. Environment Minister Simonas Gentvilas, who proposed the idea, withdrew the draft amendment. “It would be legally difficult to implement it,” the minister said at a meeting of…
The European Bank for Reconstruction and Development has raised its economic growth forecast for Georgia, announcing it is expecting the Georgian economy to grow by 8% this year, “significantly higher” than the previously predicted 3% growth. For next year, the bank’s report Regional Economic Prospect expects this trend to moderate further to 5%, in line…