The National Bank of Georgia has decided to keep the refinancing rate unchanged at 11% following a meeting of its Monetary Policy Committee on August 3. The country’s financial institution highlighted inflationary risks still remained a “current global challenge”, noting elevated prices on international markets “severely affected” most countries worldwide, including Georgia. “The sanctions imposed…
An important goal for Ukraine is to ensure the regularity of grain supplies for export, President Volodymyr Zelensky has said in his video address. “Our goal now is to have regularity: so that when one ship leaves the port, there are other ships as well – both those loading and those approaching the port. Continuity…
Gnidava sugar refinery plans to launch its work at the beginning of September, Oleksandr Nikishyn, the company’s deputy director for raw materials, has said. “We will start with farms that have more beets. Clear schedules will be established – at least 1,000 tons of daily removal from the farm. The work should be arranged in…
Georgia’s export of peaches and nectarines fell by 5.4 thousand tons in May-July, marking a 24% reduction that also equalled a $1.3-million decrease in the export value, the Agriculture Ministry announced on August 1. The ministry said the decline – representing a decrease of 6% in the export value compared to the same period of…
The State Fiscal Service (SFS) announced that receipts from the National Public Budget in the first seven months of the year amounted to 31.3 billion lei (over 1.5 billion euros), up by 4913.5 million lei or by 18.6% YoY. According to the Tax Office, 13.7 billion lei were collected from the State Budget in 2022,…
In the first half of this year, 5% more counterfeit euro banknotes and three times more coins were found in Lithuania than in the same period last year, but this figure is below the 2020 level, the Bank of Lithuania said on August 2. In January-June, the Bank of Lithuania investigated and removed from circulation…
Minister of Defense Hanno Pevkur (Reform) set out on August 1 the initial steps in a joint Estonian-Latvian mid-range air defense systems procurement, joined by his Latvian opposite number. The procurement follows the announcement that Estonia will be buying, in a separate, $500-million procurement, six M142 High Mobility Artillery Rocket System (HIMARS) launchers and related…