Georgia’s wine export growth rate reached more than 40% in January-February, the Georgian Agriculture Minister Otar Shamugia said on March 21, adding the figure reflected the “purposeful policy” of the Georgian Government. Shamugia noted exports of agricultural products were increasing as well, pointing out the state’s support for market diversification, and saying the list of…
The geopolitical instability that came about after Russia’s invasion of Ukraine may reduce the volume of private investments in Latvia, says governor of the Bank of Latvia Martins Kazaks. “The geopolitical background in certain cases may reduce the plans of the private sector to invest, because insecurity and uncertainty can, in some cases, have a…
In February, the producer price index (PPI) of industrial output, which expresses changes in the producer prices of industrial goods manufactured in Estonia for the domestic market and for export, increased by 0.8% MoM and by 26.3% YoY, Statistics Estonia said on March 21. Eveli Sokman, leading analyst at Statistics Estonia, said that, compared with…
Several dozen Taiwanese officials, businesspeople and scientists started their visit in Lithuania on March 21, as the two countries looked to expand economic cooperation in areas like semiconductors. They are scheduled to meet with Lithuanian business and government representatives and discuss specific locations where joint semiconductor and other companies could be set up in Lithuania,…
The foreign direct investments (FDIs) in Georgia in 2021 amounted to $1.1 billion, up 2-fold YoY, the National Statistics Office (Geostat) reported. In particular, the FDIs in Georgia in the fourth quarter of 2021 amounted to $411.3 million, up by 35.3% QoQ. Meanwhile, the re-investments in total FDIs in Georgia in 2021 amounted to $760.5…
The Government abolished measures of state control and market surveillance during martial law. From now on, both scheduled and unscheduled business inspections are halted. This will ensure the stable operation of enterprises under martial law. At the same time, if there is a threat to human rights, legitimate interests, life and health, protection of the…
The International Grains Council (IGC) cut its forecast for Ukraine’s grain exports in the current 2021-2022 season, noting ongoing conflict in the country had fuelled concerns about potential food security risks, Reuters informed. Ukraine’s grain exports were revised to 47.8 million tons, sharply down from last month’s forecast of 62.8 million tons with the council…