The International Monetary Fund has approved a three-year $280-million Stand-By Arrangement for Georgia aimed at financial resilience and growth. The programme focuses on rebuilding fiscal buffers, strengthening fiscal frameworks, reducing external vulnerabilities and inflation, maintaining financial sector resilience and fostering stronger and more inclusive growth for the country. The Executive Board of the IMF decided…
If budget distribution does not prove enough to support residents and compensate inflation growth, the state may borrow money from foreign exchange markets, says Latvian Prime Minister Krisjanis Karins after meeting with President Egils Levits on June 15. The PM said he previously issued an order to the Ministry of Welfare to work with other…
Raising the income tax-free threshold to EUR 800 per month, from its current level of EUR 500, is the best way to combat high levels of inflation in Estonia, Social Democratic Party (SDE) deputy chairwoman Riina Sikkut says, adding that such a policy is a central goal for the part in its ongoing coalition discussions…
Lithuania’s Interior Ministry has proposed to develop a new crisis management model, which would involve a crisis management centre to monitor threats and make preparations for emergency situations. The government on June 15 approved draft legislative amendments to make that happen. According to the ministry, the National Crisis Management Centre (NKVC) would operate as a…
Deputy Prime Minister Andrei Spinu, Minister of Infrastructure and Regional Development met with several freight operators to discuss the flow of traffic at border crossings, the liberalization of road freight transport with the European Union and the price of road transport permits. According to the institution, in order to reduce the waiting time for freight…
Lithuanian businesses that have suffered difficulties due to China’s sanctions can now apply for working capital loans, the Economy Ministry has announced. A stimulus financial facility prepared by the Economy and Innovation Ministry was launched on June 15, allowing businesses that suffered from China’s actions to receive loans of up to EUR 5 million, and…
Deputy Minister of Energy for Digital Development, Digital Transformations and Digitization Farid Safarov took part in the opening of the international conference Power Summit 2022, which brought together leaders of the European energy sector and major energy companies. Farid Safarov stressed that Ukraine could become one of the areas for investment by European companies, including…