Head of the President’s Office Andriy Yermak held a regular meeting via videoconference to discuss the supply of equipment needed to repair Ukraine’s power grid. “Speed is very important to us. This is the key point. Millions of Ukrainians have been suffering for several months now and do not have basic amenities,” Yermak said, the…
In 2022, every tenth entrepreneur from the Republic of Moldova received support from the state through the Organization for Entrepreneurship Development (ODA), and the volume of financing granted in the form of grants, financial guarantees or subsidies was about 720 million lei, ODA director Dumitru Pintea reported. “Thus, in 2022, 1375 enterprises were supported through…
The National Wine Agency will spend GEL 2 million ($756,000) on promoting Georgian wine at international industry fairs and domestic events throughout 2023. The agency said it would set aside the sum from its overall GEL 14 million ($5.2 million) budget, and said the product would be featured in “all important international exhibitions”. The effort…
SEB Bank has published the latest Nordic Outlook. It indicates that commercial banks have downgraded Latvia’s gross domestic product (GDP) growth rate forecast for 2023 from the initial 1.1% to 0.4%. SEB Bank has also downgraded its own forecast for Latvia’s GDP growth for 2024 from November 2022 initially estimated 3.5% to 2.7%, which means…
Projects on road rehabilitation worth more than 12 billion lei will be initiated in 2023. The goal was announced by Deputy Prime Minister, Infrastructure and Regional Development Minister Andrei Spinu and was included in the draft National Development Plan for 2023-2025 and the activity plan of the government for 2023. The documents were subjected to…
Georgia’s tourism potential was promoted at Matka Nordic Travel Fair, the largest industry fair in Northern Europe and the Baltic region, over the weekend with the involvement of the country’s national tourism bodies and travel companies. The Georgian National Tourism Administration on January 24 said it had organised a stand introducing fair visitors and travel…
While Estonia has barred all freight rail transit of Russian origin, Latvia and Lithuania are following a more collective approach, while noting that these trade flows are in any case fizzling out. The Estonian state-owned rail cargo operator Operail halted the transit of Russian and Belarusian goods last year, following Russia’s invasion of Ukraine. However,…