The 2022 year was one of the most difficult years for Moldova’s economy, as it was marked by an economic decline of 5.9% and a record inflation of 28.7%. These conclusions are contained in the publication “Tendinte in economia Moldovei” (Tendencies in Moldova’s Economy), unveiled by the National Institute of Economic Researches (INCE) on April…
Hungarian budget airline Wizz Air plans to station its fourth passenger jet at western the Kutaisi International Airport in December and resume direct flights from the location to Copenhagen, United Airports of Georgia Director Irakli Karkashadze has announced. Karkashadze said a “significant agreement” had been reached with the airline enabling the airport to gradually increase…
Prozorro.Sale has fully completed the process of corporatisation. From now on, 100% of the shares in the newly created joint-stock company belong to the state, represented by the Ministry of Economy of Ukraine. The newly established joint-stock company Prozorro.Sale is the legal successor to all rights and obligations of the state-owned enterprise Prozorro.Sale. According to…
Banks expect the growth of the corporate loan portfolio without its quality deteriorating. This is evidenced by a quarterly survey of banks on lending conditions, the National Bank press service reports. “Banks have improved their expectations regarding lending prospects: the share of respondents expecting an increase in the volume of business lending has returned to…
Tbilisi Mayor Kakha Kaladze on April 26 said his office would purchase 160 new 18-metre-long buses “in the first stage” of the latest push to update and expand the public transport fleet in the Georgian capital. Kaladze said the new vehicles were planned to be purchased throughout 2024, with the first batch to be delivered…
Another three armoured fighting vehicles Piranha-3 H were delivered to the National Army. According to the Defence Ministry, the vehicles are part of a consignment of 19 military vehicles donated by the government of Germany in early 2023. The fighting vehicles were received, in the context of the fulfillment of the goal of modernizing the…
The Polish economy will continue to grow and inflation will gradually fall to a single-digit level towards the end of this year, deputy finance minister has said. Artur Sobon told a press briefing during the European Economic Congress in Katowice on April 25 that the economic slowdown was present throughout Europe this year. “However, all…