Commercial banks in Georgia loaned GEL 43.21 billion ($15.3 billion) and received deposits of GEL 41.76 billion ($14.78 billion) in August, the latest data from the National Bank of Georgia showed. The volume of loans increased by 2.68% in August compared to the previous month, while the number of deposits increased by 7.74%. Last month,…
Dainius Kreivys, the conservative minister of energy, said that the biggest factor in the rise of electricity prices was the tenfold increase in the price of natural gas due to Russia’s “energy war against Europe”. Kreivys answered questions about energy prices and the government’s measures to contain them in the Lithuanian parliament, Seimas, in the…
The Polish government, at its September 26 sitting, approved the merger of Poland’s leading oil and gas company PKN Orlen with the country’s natural gas monopolist PGNiG, the government spokesperson said. In late July, the two companies agreed to a merger plan under which PGNiG shareholders would receive 0.0925 new shares in Orlen per one…
Prime Minister Natalia Gavrilita had a meeting with Sam Mogi, the head of the International Affairs Committee of Japan Association of Corporate Executives (Keizai Doyukai) and other members of the organization in Tokyo on September 27. They discussed investment opportunities of the Republic of Moldova. The parties exchanged views on the global economic situation and…
Several dozen hotel and restaurant owners and managers protested outside the Lithuanian government office in central Vilnius on September 27 over the government’s plans to end VAT exemptions for catering businesses. Lower VAT rates were introduced to prop up the sector during the Covid-19 pandemic and would expire at the end of the year. The…
Over the past week, 218 soft loans for a total amount of UAH 0.88 billion were issued within the framework of the State Program Affordable Loans at 5-7-9%, including 160 credit agreements for the amount of UAH 0.403 billion concluded by banks of the public sector of the economy. Since the start of the program…
As of September 23, 469,000 tons of sugar beets were harvested in Ukraine. According to the press service of the Ministry of Agrarian Policy and Food, 469,000 tons of sugar beets were harvested with the average yield of 512 tons/ha and the harvested area amounted to 9.2 thousand hectares (5% of the total sown area).…