The estimated real Gross Domestic Product (GDP) of Georgia increased by 18% YoY in January, the latest data from the National Statistics Office of Georgia (Geostat) showed. The agency also released a breakdown of the highest real GDP growth by sectors, with the most increase observed in: manufacturing, transportation and storage, electricity, gas, steam and…
On February 28, the Lithuanian government is set to approve medical and military assistance to Ukraine, worth around 4 million euros, to fight the ongoing Russian invasion. The support will come from the state reserve and the health ministry reserve. It will include medication, facemasks, surgical kits, bandages, surgery gowns, various kits to stop bleeding…
In the fourth quarter of 2021, sales revenue (+13%), adjusted EBITDA (+6%) and profit (+14%) increased, the Port of Tallinn Group said in its press release. Growth in passenger volume and ferry calls increased revenue in the passenger harbours segment, which made the biggest contribution to the improvement in the group’s financial performance. However, profitability…
Georgian lari exchange rate fluctuations have already been observed, and, more likely, will continue, Papuna Lezhava, the Vice President of the National Bank of Georgia (NBG), has said. According to Lezhava, the NBG has sufficient, adequate reserves to ensure the efficient functioning of the foreign exchange market. “Despite the use of up to $1 billion…
The Ministry of Economy of Ukraine called on leading global IT companies to freeze all transactions and agreements with Russia and stop providing any services to the aggressor country. As the press service of the Ministry of Economy reports, Ukraine needs such support to stop information and technological attacks by the Russian Federation. “Russia needs…
According to information from seaport authorities, as of 8 a.m. on February 25, entrance/leaving of ports of Skadovsk, Kherson, Mykolaiv, Olvia, Odessa, Chernomorsk, Pivdenny, Belgorod-Dnestrovsky, Izmail, Reni, Ust-Dunaysk were stopped. Entrance/leaving of ports of Mariupol and Berdyansk were allowed. “Cargo handling in ports is suspended, except ports of Chernomorsk, Pivdenny, Mykolaiv and Reni, which are…
Georgia will allocate 1 million GEL ($315,457 or EUR 279,842) from the government’s reserve fund to assist the Ukrainian people affected by Russia’s ongoing military invasion. The relevant decree has been signed by Prime Minister Irakli Garibashvili, the government’s administration reports. The allocated money will be given to the Ministry of Internally Displaced Persons, Labour,…