Ukraine: country switching to war economy

The Government puts the economy on a war footing and takes all necessary steps to do so. “Together with the whole world, we continue to forge our victory. For this purpose, Ukraine is switching to a war economy. Energy security and operation of critical infrastructure. Defense-industrial complex. Agro-industrial complex. Logistics. The successful operation of these…

Estonia: trade up in January 2022

Trade in Estonia grew by a third YoY in January, significantly boosted by a rise exports and imports and higher prices for mineral fuels and electricity, state agency Statistics Estonia reported. In January, Estonia’s exports of goods increased by 35% and imports by 36%. Exports of goods in January amounted to EUR 1.6 billion and…

Georgia: foreign exchange rates prove concerns about Lari “groundless”

The current foreign exchange rates show concerns about the Georgian lari depreciation are “groundless,” Georgian Finance Minister Lasha Khutsishvili has said. Khutsishvili asserted all sources of currency inflow in the country, including export and tourism, were “functional” and “growing”. “After an intervention, today’s official exchange rate has appreciated by around 8 tetri. The situation in…

Moldova: salt stocks enough

Regarding the concerns of the population on the supply of salt, the Ministry of Economy specified that the Republic of Moldova had sufficient stocks. More than a thousand tons of food salt (iodine and non-iodine) was imported in both January and February. Salt importers confirmed that there was no problem in ensuring Moldova’s domestic demand…

Lithuania: government proposes social benefits for Ukrainian refugees

Lithuania’s Social Security Ministry has drafted a bill to offer social benefits for Ukrainian war refugees. “Those are extra social guarantees for people, in addition to the temporary protection mechanism,” Social Security and Labour Minister Monika Navickiene told MPs while presenting the draft amendments. Once a person is granted temporary protection in Lithuania, they will…