Georgian economy minister Levan Davitashvili on November 24 said the government would ensure transformation of the country into a transit corridor and logistics hub that would make rapid transportation and communication available for “businesses on two continents”. The Ministry of Economy cited Davitashvili as having made the statement at the ministerial conference of the Central…
This weekend, Vilnius and Kaunas will light up their main Christmas trees. Amid drive for austerity, there will be fewer lights, but the big cities hope the festive mood will not be sombre. Vilnius, which is planning a Christmas budget of almost half a million euros, says it makes economic sense for the city to…
On November 23, Minister of Energy of Ukraine German Galushchenko met with Ambassador Extraordinary and Plenipotentiary of Japan to Ukraine Matsuda Kuninori. The parties discussed the needs of the energy sector of Ukraine in view of the ongoing massive russian attacks on energy infrastructure, intensified on the eve of winter. Ambassador stressed that Japan was…
The net profit of solvent banks in Ukraine amounted to UAH 11 billion in January-October, the press service of the National Bank of Ukraine (NBU) said in a post on Telegram. “Solvent banks received UAH 11 billion in net profit in January-October compared to UAH 58.4 billion in net profit in January-October 2021,” the report…
The Polish Armaments Group (PGZ) and the firm Hyundai Rotem from South Korea will create a consortium to manufacture a Polish version of the Korean firm’s K2 tank. PGZ’s CEO, Sebastian Chwalek said that the consortium should be formed until the end of this month. Under a deal struck with Hyundai Rotem, Poland will buy…
Only buses/coaches, which meet at least the Euro 5 Safe pollution norm, will be allowed to carry out regular services of people’s transportation between Moldova and Romania starting from April 1, 2023. According to the Motor Transport National Agency (ANTA), the decision was taken within the Moldovan-Romanian joint commission in the international road transport sector,…
The European Bank for Reconstruction and Development on November 22 announced it had reduced its equity stake in TBC Bank, one of the largest lenders in Georgia. The bank sold 850,000 shares in an accelerated bookbuild placement on the London Stock Exchange, EBRD said, adding the shares sold on November 22 represented 1.5% of TBC…