PKN Orlen, Poland’s leading oil and gas company, has signed a 20-year contract with the American company Sempra Infrastructure for the delivery of 20 million tons of liquefied natural gas (LNG). Under the deal, Sempra Infrastructure will deliver 1 million tons of LNG every year for twenty years, Orlen CEO Daniel Obajtek said at a…
Galt & Taggart, a Georgia-based company for investment banking and management services, has forecast the country’s tourism revenues to increase by 15% YoY and reach $4 billion in 2023 in its Tourism Market Watch update released on January 25. The release said Georgia’s tourism revenues stood at $363.3 million in December 2022, up 2.9-fold YoY…
An 8th meeting of Cluster 3 (energy, including nuclear issues, environment, including climate change and civil protection, transport) took place under the Subcommittee on Economic and Other Sectoral Cooperation of the EU-Ukraine Association Committee. It is the first time that Ukraine participates in the meeting as an EU candidate country. The Ukrainian delegation was led…
Reconstruction of Ukraine should affect all sectors of the economy at once – from transport, social and housing infrastructure to deep economic modernization and ensuring a favorable microclimate for business. The Government of Ukraine has approved a National Economic Strategy until 2030, which is to be implemented, among other things, with ongoing international support. This…
Prime Minister Natalia Gavrilita has participated in an event dedicated to the marking of five years of work of the Investors’ Association from Romania (AIR). In her speech, the PM stressed the role of Romanian entrepreneurs in the deepening of the bilateral commercial relations on the two banks of the Prut River, as AIR was…
Georgian tea will be sold by Oxalis, one of the leading supermarket chains in the Czech Republic, after a Georgia-based company has received support from the Export Assistance Programme of the Enterprise Georgia state project to deliver its products to the store. Enterprise Georgia revealed the news on January 25, explaining Gamarjoba, a domestic producer…
Poland’s unemployment rate went up to 5.2% in December 2022 from 5.1% in November 2022, the Central Statistical Office (GUS) reported on January 25. Economists polled by PAP expected a 5.2% unemployment figure in December 2022. The number of registered unemployed measured 812,300 in December 2022 against 800,200 in November 2022, GUS also said. Earlier,…