Ukraine has received a EUR 100-million loan on concessional terms from the French Development Agency. The funds are directed to the general fund of the State Budget to finance priority expenditures, in particular social and humanitarian. “We appreciate France’s contribution to maintaining the stability of Ukraine’s financial system, as well as its willingness to support…
The Lithuanian Association of Pharmacies and eight pharmaceutical companies have been fined a total of almost 73 million euros for making a deal on higher markups, the Competition Council reports. The competition watchdog said in a press release it imposed fines of 27.5 million euros on Eurovaistine, 16.7 million euros on Gintarine Vaistine, 9.2 million…
Hungarian budget airline Wizz Air will add new routes from Georgia’s western Kutaisi International Airport to five European cities starting in June 2023, the United Airports of Georgia reports. Next summer the company will launch flights to Brussels, Madrid, Frankfurt, Hamburg and Poznan. The direct flights between the Kutaisi Airport and the cities will be…
On December 12, the European Commission and the Nordic Investment Bank signed the InvestEU guarantee agreement. The value of this agreement reaches EUR 114 million, as confirmed by the European Commission’s office in Latvia. This agreement will allow for attracting funding from the Nordic Investment Bank worth up to EUR 480 million for investments into…
Georgian external trade turnover amounted to $17.02 billion in January-November, up by 32.2% YoY, the National Statistics Office revealed. The value of exports rose by 31.8% and equaled $5.03 billion in the reported period, while imports grew by 32.5%, amounting to $11.98 billion. Trade deficit reached $6.94 billion, and the share of trade turnover hit…
Towns and cities in Lithuania are looking for ways to save even more electricity. Some have switched off lamps in parks and squares, while others are limiting how long drivers can charge their electric cars. Klaipeda is starting its second round of savings: after midnight, many cycling lanes will remain dark for five hours. Every…
Russia’s recent drone attack on energy infrastructure in the Odesa region has not only left millions of Ukrainians without electricity but also destroyed important power equipment. The relevant statement was made by Ukrainian Energy Minister German Galushchenko at a meeting of the G7+ Energy Coordination Group. The Energy Coordination Group includes the representatives of the…