Ukraine received another part of the grant funding in the amount of EUR 504 million. Funds were provided from the World Bank’s Donor Trust Fund under the Second Economic Recovery Development Policy Loan for Ukraine. Under this tranche, the State Budget received grant funds from the United States ($500 million) and the United Kingdom (GBP…Details
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In Ukraine, the balance of payments situation deteriorated somewhat in April, Deputy Governor of the NBU Serhiy Nikolaychuk said. “While in March our balance of forex interventions stood at $1.7 billion, in April the figure increased to $2.2 billion. Yes, we have reduced forex earnings in favor of the government. In March, the amount was…Details
The European Union will provide over 420,000 euros for backing competitive businesses on both banks of the Dniester, within the European Union’s Confidence Building Programme, implemented by the United Nations Development Programme (UNDP). A ceremony on providing the certificates on grant for two contests held within the programme took place on May 19. According to…Details
Mateusz Morawiecki, the prime minister, has stressed the importance of food security in the context of the war in Ukraine. In a Facebook post on May 18, Morawiecki said that “agriculture is a strategic sector of the Polish economy which has become even more important in the context of the ongoing conflict in Ukraine that…Details
The export of Lithuania-origin goods grew by over 30% YoY in the first quarter of 2022, totaling more than EUR 6 billion in revenue, Lithuania’s department of statistics reported. “We see that the government’s efforts to diversify export markets and work with like-minded countries, especially by strengthening political and economic ties with the United States,…Details
Georgia received $582 million from international tourist visits between January-April, up by 463.1% YoY, the Georgian National Tourism Administration reported. Revenues from international tourism have recovered by 68.9% compared to the pre-pandemic 2019, said the GNTA. Other data from the National Statistics Office of Georgia showed Georgia hosted 431,300 international visitors in the first quarter…Details
On May 18, the European Commission presented plans for the European Union’s response to address Ukraine’s funding shortfall and long-term reconstruction. This is stated in a press release from the European Commission. In the short-term, the European Commission proposes to launch additional macro-financial assistance in the form of a loan of up to 9 billion…Details