The head of the National Bank of Georgia Koba Gvenetadze has been nominated among the best central bankers of 2022 for the fifth year in a row by Global Finance, a leading monthly financial magazine. Gvenetadze, who became the chairman of the bank in 2016, earned one of the three highest grades – “A-” in…
XY Partners, a business accelerator announces the opening of applications for the fifth edition of the Program dedicated to startups, XY Accelerator. The program will be held on September 12 – December 13 and aims to train entrepreneurs in business development. According to the organizers, during the three months of the program the team of…
Polish metals group KGHM signed a memorandum of understanding on September 6 with Romanian nuclear energy company SN Nuclearelectrica on developing Small Modular Reactors (SMRs). KGHM said the non-binding memorandum included exchange of experience and knowledge over 36 months on technical, economic, legal, financial and organisational aspects of SMR development with the US firm NuScale.…
Western Georgia’s Kutaisi International Airport recorded its record-high passenger flow last month, with 111,556 travelers passing through it in August, the Director of the United Airports of Georgia reported. The figure marked a 27% increase compared to the same period of 2019, Tamar Archuadze added. Archuadze also said the number of flights at the airport…
In the assumptions for next year’s budget, the Polish government forecasts unemployment to grow by 1%, the minister for family and social policy has said. Marlena Malag was asked on public radio on September 7 whether unemployment would remain at its current level. On September 6, she said August’s jobless rate stood at 4.9%, the…
Ukraine has the potential to become a green energy hub for Europe that will replace Russia’s dirty energy resources. “Ukraine can and, I am sure, will definitely become a green energy hub for Europe. We are capable of replacing dirty Russian energy resources. Ukraine has a huge natural potential for establishing capacities in green energy…
In August, Ukraine’s international reserves increased by 13.6%, to $25.436 billion. “As of September 1, Ukraine’s international reserves amounted to $25,436.0 million according to preliminary data. In August, they increased by 13.6% due to the receipt of a significant amount of international aid amid the country’s moderate debt payments in foreign currency and less NBU’s…