Georgian Finance Minister Lasha Khutsishvili on January 9 said the country’s economy grew by 10% in January-November 2022, with the rate expected to be maintained in the final figures of the year. The ministry on January 9 quoted Khutsishvili as saying the annual gross domestic product per capita number of the past year was expected…
Lithuania’s Special Investigation Service (STT) received 4,729 reports of corruption in 2022, the watchdog said on January 9. “In 2022, almost 30% of the STT’s all pre-trial investigations were opened based on citizen reports. The majority of the received reports were about possible offences in the areas of health care, environmental protection, local government and…
Last year, revenues of 91.5 billion lei (4.5 billion euros) were accumulated at the national public budget, up by 14.1 billion lei YoY. Expenses increased by 17.7 billion lei and amounted to 99.7 billion lei. The budget execution ended with a deficit of 8.2 billion lei, and the balances of the monetary means in the…
While banks are already charging higher rates on loans, they are slow to raise interest rates on deposits. Lithuania’s banking regulators say this is not okay. The European Central Bank raised interest rates four times last year, with commercial banks passing the raises to their debtors: mortgage rates rose to 4% and consumer loans to…
Perspectives of boosting the cooperation between Moldova and the Federal Land Hessen have been considered at a meeting between Prime Minister Natalia Gavrilita and PM of Hessen Boris Rhein in Germany. The officials referred to the importance of developing the bilateral relations in more sectors, in which the parties’ interests coincide. The two officials stressed…
While Lithuanians have generally welcomed Ukrainians fleeing war, competition in the beauty industry has created resentment among local cosmetologists. Xenia from Odesa (not her real name) came to Klaipeda, Lithuania’s third city, back in March 2022, after deciding it wasn’t safe for herself and her daughter to stay in the city shelled by Russia. They…
Galt & Taggart, a Georgia-based investment banking and investment management services, has forecast a 5.2% average annual inflation in Georgia this year. In the estimation, published in its Weekly Market Watch on January 9, the company also said the figure was expected to decrease to 3% until the end of the year. “Along with decelerating…