A bill is being prepared in Poland aimed to provide for reinsurance of risks of enterprises with Polish capital registered in Ukraine in the areas of contracts and investments. Reinsurance will be provided by a Polish state Insurance Corporation (KUKE) for a long-term period (2 years or more). It is also planned to introduce reinsurance…
Poland’s GDP will increase by 1.5% in 2023 while annual average inflation will stand at around 12%, the development and technology minister has said. Minister Waldemar Buda said that he was optimistic about a GDP growth in 2023 and that he believed it would amount to 1.5%. “Analyses speak about values ranging from 0.5% to…
Lithuania’s Defence Resources Agency under the ministry signed a contract this week for the acquisition of the Switchblade 600 combat drones from the US government, the Defence Ministry reported on December 23. “The Switchblade 600 is a next-generation long-range combat drone, featuring high-precision optics, the ability to stay airborne for up to 40 minutes, and…
Poland has been for years the EU’s largest carp producer with its domestic production accounting for 30% of the total EU output, according to the National Support Centre for Agriculture (KOWR). Poland is followed by the Czech Republic and Hungary. According to KOWR, there are over 850 aquaculture farms in Poland with a total pond…
Georgian Economy Minister Levan Davitashvili and Saudi Minister of Economy and Planning, Faisal bin Fadel Al-Ibrahim discussed “priority areas” of economic relations as part of a Georgian Government delegation’s ongoing visit to Saudi Arabia, the Georgian Ministry of Economy announced on December 22. The state body said the discussions had involved discussions of ties in…
A strike by public transport workers, which started on December 5, ended on December 22, Vilnius Mayor Remigijus Simasius announced. “Good news: the drivers’ strike is suspended. I thank both parties – the leaders of Vilnius Public Transport (VVT) and the trade union – for finally reaching an agreement,” Simasius wrote on Facebook. According to…
The Georgian Government has sent 25 high-power generators to Ukraine by order of the Georgian Prime Minister Irakli Garibashvili, the Economy Ministry has announced, noting the Government continues to “actively” support Ukrainian people. The generators, with a total value of GEL 1.5 million (about $565,000), were purchased by the Georgian State Electrosystem operating under the…