The Bank of Lithuania has calculated the possible impact that China’s unannounced economic sanctions could have on the country’s economy. China’s restrictions on Lithuanian businesses might lead to the country’s GDP growth decreasing by 0.1% to 0.5% in 2022 and by 0.3% to 1.3% next year, according to the Central Bank’s estimates. Based on the…
Georgia’s Finance Minister Lasha Khutsishvili and the Ambassador Extraordinary and Plenipotentiary of the Republic of Azerbaijan to Georgia Faig Guliyev discussed customs cooperation issues. According to Lasha Khutsishvili, a joint trilateral customs committee established between Georgia, Azerbaijan and Turkey is a unique opportunity to coordinate high-level issues in the field of customs cooperation between the…
The Association Agreement with the European Union is Ukraine’s roadmap for reforms and the basis for integration into the EU’s internal market. “Ukraine remains fully committed to the Association Agreement, which is still the roadmap for reforms and the basis for our country’s integration into the European Union’s internal market, including the free movement of…
In 2021, exports of Ukrainian agri-food products to the European Union in monetary terms increased by 33% YoY and reached $8.3 billion, the Ukrainian Club of Agrarian Business (UCAB) reported. The growth is partly due to the increase in the cost of most categories of goods on the world market and partly – due to…
In December 2021, the actual unemployment rate in Latvia was 7.6%, up by 0.5% MoM. The male unemployment rate rose by 0.7%, to 8.6%, while for females it increased by 0.3%, to 6.6%, according to data of the Labour Force Survey conducted by the Central Statistical Bureau (CSP). The unemployment rate registered with the State…
Georgia has exported locally produced goods worth $4.2 billion in 2021, up by 26.9% YoY, the preliminary data from the National Statistics Office of Georgia (Geostat) showed. Geostat says local exports in the country account for 73.7% of total exports, amounting to $3.1 billion, up by 29.9%. Georgia’s top trading partners were: China – $580.9…
Estonia is purchasing over 500 Israel-made Spike SR anti-tank missiles, the Center for Defense Investment (RKK) says. The first consignment will arrive later this year, and will include ancillary equipment such as training missiles. The launchers are reportedly already in the country. The main Spike SR operators will be the volunteer Defense League (Kaitseliit), whose…