The Ministry of Economy estimates that the direct non-recurring losses caused by the Russian invasion now reach $565 billion, and Ukraine is short of $54 billion in capital investment. “According to our latest estimates, direct non-recurring losses now amount to $565 billion: $119 billion accounts for infrastructure and $91 billion – for civilian facilities losses.…
The sectors of the economy where it is impossible to set up work from home for the employees have been affected the most by the war in Ukraine, the First Deputy Minister of Economy Denys Kudin has said. “The most affected areas are those where telework is impossible. In particular, today we have no air…
A EUR 1.3-million twinning project on road safety has come into effect in Georgia under the European Union (EU) assistance, the Economy Ministry reports. The project supporting the Establishment of Comprehensive Road Safety Database and Further Improvement of Road Safety Management in Georgia aims to contribute to the establishment of European practices in the field.…
As of March 25, there were assets worth approximately EUR 55 million frozen in banks in Latvia due to sanctions imposed by the European Union and US Department of the Treasury’s Office of Foreign Assets Control (OFAC), as reported by Finance and Capital Market Commission (FKTK). “Two week ago a major increase of the frozen…
Global credit rating agency Standard and Poor’s (S&P) lowered Estonia’s economic outlook from “positive” to “stable” due to the impacts of Russia’s war in Ukraine. It did not change Estonia’s AA- status. The agency believes the war will impact Estonia’s economic growth and increase budget expenditures due to higher spending on defense, compensation of household…
Water consumers in Chisinau can activate the electronic invoice service. Apa-Canal Chisinau company announces that it makes available the payment option electronic invoice to water consumers in the municipality. “The electronic invoice is a facility made available to the water supplier’s customers so that everyone can quickly and securely benefit from the information related to…
The Lithuanian government plans to upgrade roads in the near future, using EU funds to ensure better mobility for military personnel stationed in Lithuania, the country’s Transport and Communications Minister Marius Skuodis has said. “We have received European funding of more than 60 million euros for military mobility connections, so we will soon launch a…