Lithuania: tourism sector already touched by war in Ukraine

Russia’s military invasion of Ukraine and the closure of airspace to Russian aircraft have already affected Lithuania’s tourism sectors, its representatives have said. “Reservations are being cancelled, especially from distant countries, as well as from so-called old Europe. Practically, the May trips to our region have been cancelled,” Zydre Gaveliene, head of the National Association…

Georgia: inflation rate at 13.7% in February 2022

The Consumer Price Index in Georgia increased by 0.9% MoM in February, while the annual inflation rate totaled 13.7%, the latest inflation data of the National Statistics Office of Georgia (Geostat) showed. “With regard to annual core inflation (excluding food and non-alcoholic beverages, energy, regulated tariffs, transport), prices increased by 5.1%, while annual core inflation…