Georgia: UNIDO continues providing support to SMEs sector

The UN Industrial Development Organization (UNIDO) continues providing support to Georgia’s small and medium-sized enterprises (SMEs), the Chief of UNIDO’s Regional Coordination Division – Europe and Central Asia, Jacek Cukrowski, has said. UNIDO is working to strengthen the capacities of policymakers and other stakeholders to identify, support and develop SMEs clusters in Georgia, Cukrowski said.…

Ukraine: country switching to war economy

The Government puts the economy on a war footing and takes all necessary steps to do so. “Together with the whole world, we continue to forge our victory. For this purpose, Ukraine is switching to a war economy. Energy security and operation of critical infrastructure. Defense-industrial complex. Agro-industrial complex. Logistics. The successful operation of these…

Estonia: trade up in January 2022

Trade in Estonia grew by a third YoY in January, significantly boosted by a rise exports and imports and higher prices for mineral fuels and electricity, state agency Statistics Estonia reported. In January, Estonia’s exports of goods increased by 35% and imports by 36%. Exports of goods in January amounted to EUR 1.6 billion and…

Georgia: foreign exchange rates prove concerns about Lari “groundless”

The current foreign exchange rates show concerns about the Georgian lari depreciation are “groundless,” Georgian Finance Minister Lasha Khutsishvili has said. Khutsishvili asserted all sources of currency inflow in the country, including export and tourism, were “functional” and “growing”. “After an intervention, today’s official exchange rate has appreciated by around 8 tetri. The situation in…