The tendency of dropping prices and inflation should continue in the coming months with the inflation rate coming closer to the target 3% in the second quarter of 2023, finance minister Lasha Khutsishvili said on September 26. In comments on the latest trends, Khutsishvili noted the downward trajectory of inflation over the past two months…
Fuel prices in the Republic of Moldova have fallen. Thus, compared to the maximum values in June, 95 petrol ended up being cheaper by about 10 lei and diesel by 6.65 lei/liter. According to the National Agency for Energy Regulation (ANRE), the drop in oil and derivative products quotations recorded on the international stock exchanges…
The Bank of Lithuania has downgraded its economic growth forecast for next year. Instead of the previously planned 3.4%, the country’s economy is now expected to grow by only 0.9%. “The forecast for 2023 is being significantly downgraded. This is mainly related to the weaker household consumption,” said Gediminas Simkus, board chairman of the Bank…
Factories have processed 175,500 tons of grapes from the ongoing harvest in Georgia’s eastern winemaking region of Kakheti, with about 16,000 growers generating GEL 174 million (about $61,514,530) in income so far, the national wine agency has announced. Growers have processed the following grape varieties: Rkatsiteli – 102.7 tons, Saperavi – 75.5 tons and Kakhuri…
One in five people in Lithuania were at risk of poverty last year, according to data from the Lithuanian Statistics Department. In 2021, the at-risk-of-poverty rate in Lithuania was 20%, according to Inga Masiulaityte-Sukevic, Deputy Director of the Lithuanian Statistics Department. “Compared to 2020, the at-risk-of-poverty rate has decreased by 0.9% and by 2.9% over…
Kutaisi international airport in Georgia’s west is expected to service more than a million passengers in 2023, Tamar Archuadze, the head of United Airports of Georgia, has said. Archuadze made the comment at the presentation of a research Tourism – Challenges and Prospects by Galt & Taggart, a Georgian-based investment bank and brokerage service company.…
Together with Associated British Ports (ABP), Unifeeder has launched a new service from Klaipeda to the Port of Immingham, UK, according to the company’s release. The new route is a weekly sailing offering faster transit times, with the vessel leaving Klaipeda on Friday and Immingham on Monday. The maiden voyage saw the Elbspring vessel arrive…