Latvia: LDz to fire 600 more employees

Due to the drop in freight, Latvian Railway (LDz) could fire approximately 600 more employees, the Latvian Minister of Transport Talis Linkaits said on March 31. “The initial estimate suggests 600 more employees could be laid off,” said the minister, adding that LDz had been ordered to prepare the best-case and worst-case scenarios and an…

Georgia: economy up in February 2022

The estimated real Gross Domestic Product (GDP) of Georgia increased by 14.6% YoY in February, while the average real GDP grew by 16.3% in January-February, the latest data from the National Statistics Office of Georgia (Geostat) showed. The largest share of GDP growth was posted in the following sectors: manufacturing, transportation and storage, electricity, gas,…

Moldova: Parliament ratifies financing agreement for implementation of Energy Efficiency project

The Parliament adopted on March 31 in the first reading a draft ratification of financing agreement between Moldova and European Investment Bank (EIB) for implementation of the Energy Efficiency in the Republic of Moldova Project. The contract provides for the granting of 30 million euros to increase energy efficiency in public institutions, primarily to those…