Georgia will launch a large-scale government program for construction of public infrastructure facilities in installments, Prime Minister Irakli Garibashvili has said at a government meeting. According to the PM, the government intends to act as a guarantor to banks for construction companies, and then, within 3 to 5 years, to return the money to the…
The Russian invasion of Ukraine has significantly disrupted Ukrainian agricultural production and this year’s grain harvest in Ukraine is likely to be about 20% lower than in 2021 due to reduced sowing areas. The UK Ministry of Defense said this in its latest intelligence update posted on Twitter. “Ukraine is the fourth largest producer and…
Ukrainian refugees who want to stay abroad for a long time could be a positive factor for Europe, which will experience labor shortages in the medium term. “In the long run, Ukraine wants refugees to return. The sooner this happens, the better. However, some of the refugees may stay for a long time, and this…
Poland is helping Ukrainian refugees, but they are also helping Poland by taking up vacant jobs, Mateusz Morawiecki, the Polish prime minister, has said. Since February 24, when Russia invaded Ukraine, a total of 2,944,000 people have crossed the Polish-Ukrainian border into Poland, the Border Guard (SG) report. Most of the refugees have stayed in…
Ukrainian business owners and prospective entrepreneurs will be able to take out government-subsidized loans to start businesses in Lithuania, the Economy Ministry said on April 25. “We are giving the Ukrainians an opportunity to get loans with 30% lower interest rates for starting a business. This will make it easier for them to settle in…
Poland’s general government sector deficit will reach 4% of GDP in 2022, Mateusz Morawiecki, the prime minister, has said. Last year, according to Central Statistical Office data, Poland’s general government deficit settled at 1.8%. “This year the deficit of the public finance sector will be higher, at the level of around 4%,” Morawiecki said at…
From May 1, onward the heating energy price will be nearly 200 EUR/MWh without VAT, according to the decision made by the Public Utilities Commission (SPRK). From May 1 until December 31, the heating energy tariff set by LLC Rezeknes Siltumtikli will be 198.13 EUR/MWh, which is 4.6 times above the current tariff – 42.8…