Georgia: money transfers up in February 2022

Remittances to Georgia from abroad reached $183.4 million in February, up by 13.7% YoY, the National Bank of Georgia (NBG) announced on March 15. The largest remittance senders were in Italy ($32.96 million), Russia ($21.94 million) and the United States ($21.10 million), the data also showed. Overall, a vast majority – 93.1% – of all…

Latvia: tourist numbers up in January 2022

In January, the number of foreign and resident visitors comprised 79.3 thousand, up 2.1-fold YoY, but twice as less than before the beginning of pandemic in January 2020. As compared to January last year, the number of nights spent by visitors comprised 146.6 thousand nights, up by 84.9%. In January, tourist accommodation establishments hosted 49.9…

Lithuania: trade union suggests nationalizing Russia-owned fertilizer plant under EU sanctions

Solidarumas, a Lithuanian trade union, has suggested nationalizing a Kedainiai-based phosphate fertilizer manufacturer Lifosa the indirect owner of which is subject to EU sanctions. Kristina Krupaviciene, the union’s chairwoman, has presented the proposal to the Prime Minister Ingrida Simonyte, saying that the move would help save jobs, government and municipal revenues. Some of the company’s…