Georgia: project facilitating road safety launched

A EUR 1.3-million twinning project on road safety has come into effect in Georgia under the European Union (EU) assistance, the Economy Ministry reports. The project supporting the Establishment of Comprehensive Road Safety Database and Further Improvement of Road Safety Management in Georgia aims to contribute to the establishment of European practices in the field.…

Estonia: S&P lowers country economic outlook

Global credit rating agency Standard and Poor’s (S&P) lowered Estonia’s economic outlook from “positive” to “stable” due to the impacts of Russia’s war in Ukraine. It did not change Estonia’s AA- status. The agency believes the war will impact Estonia’s economic growth and increase budget expenditures due to higher spending on defense, compensation of household…