The state enterprise, Railway of Moldova (CFM) will go through a complex reform in the next two years, the Infrastructure and Regional Development Ministry (MIDR) said. According to the institution, the process of reorganization and development of the enterprise’s institutional capacity will be attentively monitored and supervised by a working group, made up of representatives…
Introduction of a Port Community System in Georgian ports will improve the management and automation of their facilities and logistics processes, facilitate inter-agency coordination, and significantly reduce administrative requirements and bureaucracy, a feasibility study conducted by an Estonian-German-Georgian consortium has said. The consortium has analysed the benefits Georgia would receive after implementing the PCS, which…
In its report published on June 8, the Organisation for Economic Cooperation and Development (OECD) predicted Latvia to experience the most rapid economic growth among Baltic States. OECD predicts Latvia’s GDP may increase by 3.5% this year. Next year Latvia’s economy is expected to grow by 1.6%. The coordinated consumer price index in Latvia, according…
On June 6-7, the 3Seas Local Government Congress and the Economic Forum held in Lublin (Poland) discussed the development of the Baltic Sea-Black Sea/Aegean corridor in the new geopolitical context, press center of Lithuania’s Ministry of Transport and Communications said. The development of this corridor to the territory of Lithuania and the cooperation of the…
British Ambassador to Ukraine Melinda Simmons has signed a $450-million guarantee out of a $1.5-billion loan from the World Bank to Ukraine. “The UK guaranteed $450 million of a $1.5-billion to Ukraine through a World Bank loan, to support vital public services. The British Ambassador to Ukraine Melinda Simmons signed the guarantee from Kyiv,” the…
In Kyiv region, more than a hundred enterprises were affected by Russian invasion. Forty-four of them were completely destroyed. Oleksiy Kuleba, the head of the Kyiv regional military administration, spoke of this on Telegram. “We are doing everything to restore business operations in the region as soon as possible. After all, both the well-being of…
Georgia’s cooperation with the International Finance Corporation, the ongoing and future financial projects and their impact on the country’s economic development were discussed in a meeting between Levan Davitashvili, the Georgian Economy Minister, and Ivana Fernandes Duarte, the Regional Director of IFC. The meeting focused on the financial support of the IFC for the development…