The Business Association of Georgia (BAG), which brings together hundreds of entrepreneurial groups in the country, transferred 100,000 GEL ($31,000 or EUR 28,000) through Georgia’s Red Cross Society in support of Ukraine on March 2. The 2009-founded association, which involves around 100 holding groups in Georgia, said “at times like this it is especially important…
A ban for Russian and Russia-linked ships to enter seaports is being coordinated with other Baltic Sea countries and the European Union, Lithuanian Transport Minister Marius Skuodis has said. “I’ve talked about that with my Polish colleague. The issue is being coordinated with Latvia, and decisions are being worked out at the level of the…
The Consumer Price Index in Georgia increased by 0.9% MoM in February, while the annual inflation rate totaled 13.7%, the latest inflation data of the National Statistics Office of Georgia (Geostat) showed. “With regard to annual core inflation (excluding food and non-alcoholic beverages, energy, regulated tariffs, transport), prices increased by 5.1%, while annual core inflation…
The turnover of retail trade enterprises in January came to EUR 730 million, state agency Statistics Estonia reported, a rise of 8% YoY, at constant prices. Johanna Linda Pihlak, Statistics Estonia analyst, said: “The turnover growth in enterprises engaged in the retail sale of automotive fuel accounted for nearly a half of the total rise…
Lithuania’s energy dependence on Russia is one of the highest among the European countries, as it paid over 3 billion euros for Russian oil, gas and electricity last year. But Lithuania could easily renounce Russian gas and electricity, according to analysts. However, it would be more difficult to do the same with oil because the…
Minister of Finance of Ukraine Sergii Marchenko has met online with the financial leaders of the G7 countries, the International Monetary Fund and the World Bank. The parties discussed possible financial instruments of assistance to help strengthen Ukraine’s economic system, including an increase in the amount of support and the facilitation of procedures for the…
The European Commission asked for European Union member states’ support in connecting Ukraine’s electricity grid to the European grid, the commissioner for energy, Kadri Simson, Estonia’s representative, said. Ukraine decoupled from the Russian grid it had previously been connected to early February 24 morning and shortly before the commencement of the invasion by Russian forces.…