Georgia ranked 50 in terms of bilateral trade (53 in export and 47 in import) among all trade partners of Lithuania in 2020, which made Georgia the biggest trade partner of Lithuania in the South Caucasus region, the Ministry of Foreign Affairs of the Republic of Lithuania reported. According to the ministry, Lithuania’s direct investments…
The consumer price index rose by 11.3% YoY in January, state agency Statistics Estonia reported. The month-on-month change between December 2021 and January stood at -0.1%. Statistics Estonia leading analyst Viktoria Trasanov said that government measures curbing energy prices, and an overall fall in electricity prices at the beginning of the year compared with the…
In the money laundering prevention field banks in Latvia have done a lot, which inspires confidence that the country’s financial system is no longer used for money laundering purposes, says the chief of Finance and Capital Market Commission (FKTK) Santa Purgaile. “In recent years we have worked and have done a lot in this field.…
Azerbaijan became the main exporter of electricity to Georgia from January through November 2021, amounting to $24.5 million worth of exports. However, Georgia’s electricity imports from Azerbaijan in the reporting period of 2021 decreased by 16.9% compared to $29.5 million over the same period of 2020. Meanwhile, Russia became the second main exporter of electricity…
Increasing the energy security of Europe may be ensured by Ukrainian underground storage facilities, which should be filled with Azerbaijani gas, said Deputy Energy Minister of Ukraine Yaroslav Demchenkov. According to him, Azerbaijan is an important strategic partner of Ukraine. Moreover, energy is the main area that both states intend to develop. If Baku accepts…
Ukraine extracted 2.4 billion cubic meters of natural gas from its underground gas storage facilities in January, the press service of JSC Ukrtransgaz reported. “In January, 2.4 billion cubic meters of natural gas were extracted from Ukrainian underground gas storage facilities, down by 7.8% YoY. Since the beginning of the 2021-2022 extraction season, 7.5 billion…
Small- and medium-sized entrepreneurs will be able to easier access loans provided by commercial banks-partners of the Organization for Small- and Medium-sized Sector Development (ODIMM). MP Dumitru Alaiba and Economics Minister Sergiu Gaibu informed about the simplification of the procedure of accessing credit guarantees, which guaranteed the loans asked by Small and Medium-sized Enterprises (SMEs)…