Since August, small and medium-sized enterprises can benefit from non-refundable financial support worth up to 2 million lei (about 100 thousand euros) from the Organization for Entrepreneurship Development (ODA). According to the government’s communication and protocol department, the money is given to replace equipment and reduce production costs, so that companies can become more competitive…
Levan Davitashvili, the Georgian Minister of Economy and Sustainable Development, and Zurab Pololikashvili, the Secretary General of the United Nations World Tourism Organisation, have praised the dynamics of the recovery of the Georgian tourism sector to the pre-pandemic period, noting tourism income of the country as the highest in the South Caucasus region. At a…
Polish retail sales went up by 7.6% YoY in July after a 7.9% increase in June, Eurostat, the EU’s statistics agency, reported on September 5. Month on month, retail sales went up by 1.5%, the agency also said. Eurostat annual growth figures are work-day adjusted, while the monthly growth figures are also seasonally adjusted. Eurostat…
The first doses of the Covid-19 vaccine adapted to the Omicron variant have been delivered to Lithuania, the Health Ministry reports. The first shipment to reach the country on September 6 contained 51,840 doses of the Pfizer/BioNTech vaccine, Julijanas Galisanskis of the Health Ministry said, adding that the remaining 100,000 doses should be delivered next…
The exchange programme of the Ukrainian national currency, the hryvnia, for Polish zlotys, launched by the National Bank of Poland (NBP) in cooperation with the National Bank of Ukraine, ends on September 9, the central bank has reported. Ukrainians who fled to Poland initially had trouble exchanging money with exchange offices either not accepting the…
The Lithuanian government is discussing a package of measures that will include covering part of heating bills and setting maximum electricity and gas prices, Mykolas Majauskas, chairman of the parliamentary Committee on Budget and Finance, said on September 6. The package will also include business support measures, which are now being coordinated, according to Majauskas.…
This year, sugar beet processing season for agricultural producers was better than for Gnidava sugar refinery, because when growing a good crop, $2-3 thousand of net profit could be received from each hectare of sugar beets last year, the deputy director of the company Oleksandr Nikishyn said. “Sugar beet is a good crop, its profitability…