Commercial banks in Georgia loaned GEL 44.87 billion ($17.9 billion) and received deposits of GEL 43.34 billion ($17.3 billion) in March, the latest data from the National Bank of Georgia showed. The volume of loans increased by 0.93% MoM, while the number of deposits decreased by 0.62%. Last month, the volume of term deposits increased…
The government looks set to extend the zero percent VAT rate on food staples owing to the effects of high inflation, the government’s spokesperson said on April 25. Piotr Mueller said that an extension would be “a most reasonable” decision. “We are always observing the basket of, so to speak, basic products and, in this…
Since the start of Russia’s full-scale invasion, DTEK’s energy companies have restored electricity supply to 4.3 million families in Donetsk region. “DTEK power engineers continue to work every day to repair the power system in Donetsk region. Since the beginning of Russian full-scale war, our specialists have restored electricity to the homes of 4.3 million…
In the territory of Luhansk region temporarily occupied by the Russians, the banking system practically does not work so locals have to travel to the regional center to receive relevant services. The head of the Luhansk Regional Military Administration, Artem Lysohor, has announced this on Facebook. “In the winter, the so-called “LPR” promised to expand…
Buying a flat or a house in the Georgian capital of Tbilisi became more expensive in the first quarter of the year, the latest Residential Property Price Index of the National Statistics Office of Georgia showed. Released on April 24, the Index pointed to a 9.3% increase in prices for flats and 11.6% for houses…
Poland’s industrial output fell by 2.9% YoY in March, the Central Statistical Office (GUS) reported on April 24. Month on month, industrial output increased by 14.1%. Economists polled by PAP expected March’s industrial production to fall by 1.8% YoY and to grow by 15.2% MoM. Manufacturing prices increased by 10.1% YoY in March, but fell…
Latvia’s government has halted plans to build a liquified fossil gas (LNG) terminal, although campaign groups warn that relying on fossil gas from Estonia, an option the two governments are now exploring, is a false solution. Few countries in Europe managed to slash their use of fossil gas in 2022 as much as the three…