The Ministry of Economy of Ukraine predicts a slowdown in GDP growth in 2022 to 33.2%, confirmed by the trends observed in the second quarter and August. On September 8, the State Statistics Service of Ukraine published data noting the GDP decline in the second quarter amounted to 37.2% (compared to the second quarter of…
Ukroboronprom State Concern has signed a framework cooperation agreement with the American corporation, Honeywell. The relevant statement was made by Ukroboronprom State Concern on Telegram. “Ukroboronprom State Concern has signed the framework cooperation agreement with the American multinational corporation, Honeywell. The areas of cooperation will include aviation, unmanned aerial vehicles, navigation and radars,” the report…
Foreign direct investments in Georgia totaled $351.8 million in the second quarter of 2022, up by 9.1% YoY, the National Statistics Office of Georgia reported in its latest figures on September 8. Geostat said an increase in equity, reinvestment of earnings and debt instruments had been the main reason for the growth in FDI, with…
Lithuania has sent 105-mm howitzers from its reserve to Ukraine, Defence Minister Arvydas Anusauskas has announced. “M50/M101 105 mm howitzers held in reserve of the Lithuanian Armed Forces were sent to Ukraine,” he said in a Facebook post. The minister added that Lithuania’s total military assistance to Ukraine, including the current and other planned shipments,…
MPs convened at an extraordinary session adopted in the second reading amendments to the State Budget Law for 2022. The document was voted by 53 MPs. Following the amendments, the revenues of the state budget for this year increase from 52.701 billion lei to 57.971 billion lei (+10%) and the expenses – from 72.087 billion…
The Lithuanian Energy Ministry expects its energy saving plan to help the country save 800 million euros and 20% in energy use over two years, Energy Minister Dainius Kreivys has said. Some 100 million euros should be saved by the public sector, 300 million euros by businesses and 400 million euros by households. The plan…
The Monetary Policy Council (RPP), the Polish central bank’s rate-setting body, increased the reference interest rate by 25 basis points, to 6.75% on September 7. The National Bank of Poland’s lombard rate was raised from 7.00% to 7.25%, the rediscount rate from 6.55% to 6.80% and the discount rate from 6.60% to 6.85%. At the…