Moldova: Parliament ratifies financing agreement for implementation of Energy Efficiency project

The Parliament adopted on March 31 in the first reading a draft ratification of financing agreement between Moldova and European Investment Bank (EIB) for implementation of the Energy Efficiency in the Republic of Moldova Project. The contract provides for the granting of 30 million euros to increase energy efficiency in public institutions, primarily to those…

Lithuania: economic stagnation expected

Lithuania may face economic stagnation, which would be a major blow to the fast-growing economy, President Gitanas Nauseda has warned. “We could face economic stagnation, if not a recession,” he said, adding that this “would deal a significant blow to Lithuania, which is used to a fairly fast economic growth”. The economic situation is changing…

Georgia: external debt up in Q4 2021

Georgia’s gross external debt reached $21.8 billion as of December 31, 2021, accounting for 116.8% of its 2021 annual gross domestic product (GDP), the National bank of Georgia (NBG) announced. In the fourth quarter of 2021, the gross external debt of Georgia increased by $775.7 million. In the public sector, the external debt was $10.7…