Georgia imported 1,773 tons of textiles, including dress patterns, from Turkey in January-October, worth $37.1 million, the National Statistics Office (Geostat) reported. The figure increased by 48.9%, compared to $24.9 million worth of textile (1,186 tons) imported from January through October 2020. Meanwhile, Georgian exports of knitted goods to Turkey increased by 69.9%, to $53.2…
In the third quarter of 2021, state-owned banks sealed a profit of UAH 11.6 billion (nearly $424.4 million), up by 7.6% QoQ. Of the total profit, 82.9% (UAH 9.6 billion, or $351.2 million) is that of PrivatBank. In the third quarter, banks continued to expand lending services. Compared to July 1, the loan portfolio of…
The Ministry of Energy of Ukraine states that the second phase of cooperation with the Eastern Europe Energy Efficiency and Environment Partnership (E5P) will help Ukraine attract EUR 137.5 million for energy efficiency projects. “The E5P size for Ukraine is EUR 137.5 million, which can be used along with loans from international financial institutions to…
The Lithuanian parliament has passed new legislation to make more people eligible for heating subsidies in an effort to cushion low-income households against an expected surge in heating bills. The parliament, Seimas, adopted the amendments to the Law on Cash Social Assistance for Low-Income Families on December 7 with 117 votes in favour, none against…
Members of the Committee on Economic and Fiscal Policy of Kyrgyzstan approved the new Tax Code in the third reading. The head of the committee Salaydin Aidarov noted that the document was adopted taking into account editing corrections. Proposals of the members received after the deadline were not taken into account. Parliamentary members also supported…
Georgian Prime Minister Irakli Garibashvili has stated that the government plans to invest 100 million GEL (about $32,292,440 or EUR 28,577,144) in the development of Georgian basketball. During a meeting with Georgian Basketball Federation President Paata Guraspauli, Garibashvili noted that the launch of a basketball development program for the “popularization of basketball” was also on…
On December 6, EU Employment, Social Policy, Health and Consumer Affairs Council passed a historic agreement on the European Commission’s proposed directive on adequate pay in the EU, as reported by Latvian Ministry of Welfare. Considering the directive’s proposed mechanism for calculation of minimal wage, it may have to increase from the current EUR 500…