Poland is mulling a windfall tax and if a decision is made to implement it, the resolution will target particular sectors and not all companies, government spokesperson Piotr Mueller has said. “It does happen that some companies, given the international situation, generate higher profits than they would from natural economic activity, and we have not…
Lithuania is providing 5 million euros through the World Bank for urgent reconstruction work in Ukraine, the Finance Ministry has said. The Ukraine Relief, Recovery and Reconstruction Trust Fund (URTF) was set up by the World Bank to help finance immediate recovery efforts in the country. “To ensure that financial assistance reaches Ukraine as quickly…
Georgian external trade turnover amounted to billion in January-September, up by 35.3% YoY, the National Statistics Office revealed on October 13. Trade deficit reached $5.41 billion, and the share of trade turnover hit 39.8%. Last year Georgia’s exports totaled $4.24 billion, while imports reached $10 billion. The total turnover was $14.31 billion, while the trade…
Ukraine was prepared for the situations that russia would try to destroy important infrastructure facilities – various response scenarios were developed, Prime Minister Denys Shmyhal noted at a Government session. “The Ukrainian power grid is operating as normal. We did not request any emergency aid from our European neighbors. We don’t experience a shortage of…
Prime Minister Denys Shmyhal appealed to citizens and businesses to reduce electricity consumption from 5:00 p.m. to 10:00 p.m. in order to stabilize the power system, which had been damaged by russian missile attacks. “We are grateful to all Ukrainians who have deliberately reduced electricity consumption. The total saving was 10%. We also thank the…
Moldova’s delegation, which participated in a meeting with Azeri business people on October 11, has recorded positive results, negotiating several advantageous contracts on the spot, the government’s communication and protocol department has reported. The Barza Alba (The White Stork) stock company has signed a contract on distribution with a certain network of hypermarkets from Azerbaijan,…
Current and planned reforms in Georgia and the importance of the financial support of the European Investment Bank were discussed on October 12 in a meeting between the Georgian prime minister Irakli Garibashvili and Maciej Czura, the head of the EIB regional representation for the South Caucasus. The meeting underlined the importance of the financial…