Georgia has retained its macroeconomic stability in the region in the post-COVID-19 pandemic period, the Minister of Economy and Sustainable Development of Georgia Natia Turnava has said. Georgia’s economic growth is high, and the macroeconomic policy in the country is predictable, while the exchange rate of the Georgian lari remains stable. According to the minister,…
Ukraine’s energy system works consistently and provides the required amount of electricity to consumers. “As for the operation of the energy system, I would like to note that it works consistently and covers the amount of electricity required by consumers,” Energy Minister of Ukraine German Galushchenko said at a briefing. He outlined the energy system…
On January 17, the European Union lifted restrictions on the import of poultry products from Ukraine, which were in force since December 2020 due to avian influenza. “Restrictions applied to quarantine areas where cases of the highly pathogenic avian influenza were detected, while products from uninfected areas were allowed to be exported to the EU.…
Georgia has been added to the list of countries that can export snails to the European Union market, the Ministry of Environment Protection and Agriculture reports. The adoption of the regulation has followed measures taken by the Georgian National Food Agency under the Deep and Comprehensive Free Trade Area (DCFTA) agreement with the EU. The…
Lithuania’s third-biggest city Klaipeda expects significant job losses once the country stops the transit of Belarusian fertilizers, although the “worst-case scenario” can be avoided. Last week, the government terminated a contract between the state-owned railway company Lietuvos Gelezinkeliai (Lithuanian Railways, LTG) and the Belarusian potash giant Belaruskali, which exported around 11 million tons of fertilizers…
The German group, after entering the cheapest bid for Estonian transmission network operator Elering’s tender, will construct three synchronous condensers in Estonia until 2024. Work is already underway on the first device in Pussi. The Elering tender that took seven months to prepare and another five to see through went the way of Siemens Energy,…
On January 17, Lithuanian Economy and Innovation Minister Ausrine Armonaite said the country was concerned about foreign investors changing plans due to China’s pressure. “We have no further information about companies changing their plans. There is concern, and everybody hopes that the situation will de-escalate and will be resolved, which is what we expect as…