Georgian Deputy Economy Minister Irakli Nadareishvili on March 29 said increasing the effectiveness of the small and medium-sized business sector was a “priority direction” of the Georgian Government’s economic policy. Participating in the review of the initial assessment of Georgia in the updated ranking of the SME Policy Index by the Organisation for Economic Co-operation…
National Power Company Ukrenergo has signed an agreement with 15 system operators of European Network of Transmission System Operators for Electricity (ENTSO-E). It will allow Ukrenergo to seek assistance in unforeseen situations. “The agreement is another important contribution to Ukraine’s energy stability and resilience. Thanks to the solidarity and determination of our friends, Ukrenergo can…
Eight Ukrainian startups will represent the Ukrainian delegation at the 2023 SelectUSA, the main U.S. event promoting direct investment, which will take place in Washington on May 1-4. They were selected following a pitch competition. The national delegation includes: – ADAM – a revolutionary Ukrainian startup that has developed a technology for 3D printing human…
The Moody’s rating agency has raised its prediction for Poland’s GDP growth in 2023 from -0.2% to 0.4% without changing the country’s credit rating. The agency put 2024 GDP growth at 2.4%. Moody’s said Poland’s long-term foreign currency rating remained at A2 with a stable outlook. Poland’s credit risks are sustainable, Moody’s analysts say, despite…
The National Bank of Georgia on March 29 said even though inflation was “still high” in the country, the trends were following a “downward trajectory”, with the numbers expected to remain below the “target level” in the second half of the year. Statistics showed headline inflation decreased to 8.1% last month, while core inflation dropped…
The Air Moldova airline has launched direct flights between Chisinau and Baku. “Flights between Chisinau and Baku will be operated three times a week,” the company said. Departure from Chisinau will be operated on Tuesdays, Thursdays and Saturdays at 20:40 (GMT+3) with arrival in Baku at 01:00 (GMT+4), while a departure from Baku will be…
The average electricity price in Latvia and Lithuania went down by 25% last year, as reported by Latvenergo representatives. The price went down in the entire Nord Pool region. Additionally, the average electricity price in Latvia and Lithuania the price was 56.22 EUR/MWh. In both trade regions it went down by 25% compared with the…