Otar Shamugia, the Georgian Agriculture Minister, on February 20 said the Government was allocating GEL 16 million ($6 million) for promotion of Georgian products in “strategic” foreign markets, including in the United States and Europe, this year. Speaking to the media following the weekly Government meeting, the official explained the move was aimed at diversifying…
It is too early for interest rate cuts now, though they may be possible at the end of the year, Poland’s central bank governor Adam Glapinski has said at the World Copernican Congress in Torun, northern Poland. “Right now it’s too early to discuss interest rate cuts. I would like this to be possible around…
Almost 6,500 unemployed people have been engaged in socially useful work as part of the Army of Recovery project, for which the state has already paid UAH 40 million. This was reported by Deputy Minister of Economy of Ukraine Tetiana Berezhna. “Since the beginning of this year, almost 3,000 unemployed people have been involved in…
Last week, entrepreneurs received loans worth UAH 448 million under the government program Affordable Loans at 5-7-9%. Since the start of the program (February 2020), banks have issued 54,600 loans worth UAH 171.7 billion to businesses. Most entrepreneurs have borrowed finance under anti-crisis loans – UAH 62 billion, and UAH 28.6 billion – to refinance…
The long-anticipated construction of the Anaklia deep sea port on Georgia’s Black Sea coast will start this year, Prime Minister Irakli Garibashvili announced on February 20. Making the announcement at the weekly Government meeting, Garibashvili said the Government would hold a 51% share in the major infrastructural project, while bidding for the remaining 49% would…
The EU became the main trade partner of Azerbaijan in 2022, Peter Michalko, EU Ambassador to Azerbaijan, wrote on his Facebook page. “Just got the latest statistics: 52% of Azerbaijani foreign trade was with the EU, 65.6% of exports went to the EU market. The highest level ever,” the ambassador said. Meanwhile, the trade turnover…
Poland’s industrial output rose by 2.6% YoY in January, the Central Statistical Office (GUS) reported on February 20. Month on month, industrial output decreased by 2.5%. Economists polled by PAP expected January’s industrial production to grow by 4.1% YoY and to drop by 0.3% MoM. Manufacturing prices increased by 18.5% YoY in January and by…