Ukrainian business has shown so much adaptability that the GDP drop until the end of the year will make 32%, and not 50%, as predicted after the beginning of the full-scale invasion, the First Deputy Prime Minister – Minister of Economy of Ukraine Yuliia Svyrydenko has declared. “By the results of 2022, we have much…
The State Roads Administration (ASD) has announced the launch of the public tender for the execution of works to rehabilitate some road sectors in the northern region of the country up to the border with Ukraine. The deadline is February 13, 2023. It covers the repair of the road R14, R6 – Codrul Nou –…
Georgian Prime Minister Irakli Garibashvili on December 27 said all military bases across the country had been renovated “according to international standards” throughout the past year, in his comments summarising the Government’s work in 2022. The PM also highlighted the ongoing GEL 70-million ($25.93 million) project on the NATO-standard Mukhrovani base in eastern Georgia’s Kakheti…
The EU is considering new rules to make alcohol producers provide more information on labels, such as calorific value, composition and whether the drink is natural or a mixture. One Lithuanian politician, however, wants to go further and make wine labels carry repulsive images like the ones currently mandated on cigarette packaging. While the EU…
Next year, the Republic of Moldova will implement a program for the development of the livestock sector worth $25 million with the support of the World Bank, Minister of Agriculture and Food Industry Vladimir Bolea has said. According to the minister, producers and processors will have access to financial resources to make investments in infrastructure…
Commercial banks in Georgia loaned GEL 43.65 billion ($16.17 billion) and received deposits of GEL 42.62 billion ($15.79 billion) in November, the latest data from the National Bank of Georgia showed. The volume of loans increased by 0.95% MoM and the number of deposits by 0.72%. Last month, the sum of deposits made for a…
During New Year’s holidays, Russia may try to deal a significant blow to Ukraine’s power system. If no new damage is incurred to the grid, Ukrainians will be able to enjoy a few days without blackouts. This was announced by Minister of Energy of Ukraine German Galushchenko, who spoke on national television. “The Russians have…