Electricity production in Georgia grew by 13.3% YoY in 2021, reaching 12.64 billion kilowatt-hours, the National Statistics Office of Georgia revealed. The increase in production was observed mainly thanks to an increase in water flow, Geostat said in its update of annual figures. In other statistics, the office said 35,500 tons (+13.4%) of crude oil,…
On December 16, Lithuanian Defence Minister Arvydas Anusauskas met with the US Defence Secretary Lloyd Austin in Washington and signed the contract for acquiring High Mobility Artillery Rocket System (HIMARS) launchers. For a preliminary price of $495 million, Lithuania is buying eight HIMARS launchers from the US, along with several types of missiles, including long-range…
The contract on financing between Moldova and the European Investment Bank (EIB) for the supply and further carrying out of the project “Moldova Roads III” was signed by Finance Minister Dumitru Budianschi and the chief officer on loans at EIB, Stela Renita, in Chisinauon December 15. To this end, EIB will provide 100 million euros.…
The government has offered small and medium-sized businesses a number of support programs to help restore losses caused by the war. This was stated by Deputy Minister of Economy of Ukraine Tetyana Berezhna during a speech at the Interregional Business Forum in Ivano-Frankivsk. “Ukrainian business has shown great resilience during the war and the Government…
The leadership of the European Union Funds Audit Department (AFCOS, OLAF Contact Point in Latvia) of the Ministry of Finance of the Republic of Latvia conducted a training for the staff of the Economic Security Bureau of Ukraine (ESBU). The topic of the training was “Institutional and legal framework for the protection of EU finances”.…
Prices of consumer goods and services (Consumer Price Index, CPI) increased by 17.5% YoY and by 0.7% MoM in November, the Central Statistical Office (GUS) reported on December 15. In a flash estimate, GUS said that November’s CPI would reach 17.4% YoY and 0.7% MoM. In October, the prices of consumer goods and services increased…
The Georgian Parliament approved the updated 2023 Georgian state budget, with the document planned with an economic growth forecast of 5%, the Ministry of Finance announced on December 15. The document was approved by 84 votes in favour and one against and involved estimation of the nominal gross domestic product at GEL 79.7 billion ($30…