Fitch Ratings, a global financial ratings firm, has affirmed Georgia’s Long-Term Foreign-Currency Issuer Default Rating status at a BB level, with a “stable” outlook for the country’s financial developments. The international credit rating agency said Georgia’s rating was underpinned by “a credible and effective policy framework and stronger governance indicators” relative to peers with the…Details
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Lithuania has eased the requirements for employers to hire foreign nationals, effective from August 1. Asylum seekers and foreigners who have arrived in the country irregularly will now be able to become employed or self-employed 12 months after their registration with the Lithuanian Migration Department. They will be obliged to obtain a permission from the…Details
On August 1, the ship carrying Ukrainian grain departed from the port of Odesa for the first time in the past five months, Minister of Infrastructure Oleksandr Kubrakov said in a Facebook post. “The first ship with Ukrainian foodstuffs left the Odesa port,” the minister wrote. The Sierra Leone-flagged cargo ship Razoni, loaded with 26,000…Details
At its meeting on July 29, the Cabinet of Ministers approved changes to the regulations regarding targeted lending programs. This was announced by Prime Minister Denys Shmyhal. “After the NBU raised the discount rate, such programs as “5-7-9″, financial leasing and state portfolio guarantees slowed down. This is what the business says. Therefore, the Government…Details
The Lithuanian Foreign Ministry said that it had received and was looking into a Russian diplomatic note on the alleged suspension of payments for Kaliningrad transit services. “We confirm that we have received the note from the Russian Federation,” the ministry said. “We are currently examining it.” Russia’s media reported that the note was handed…Details
The exports of medicines from Ukraine have been resumed at the level of 80-90%. To facilitate this process, Moldova accepted packing with inscriptions in the Ukrainian language, for the period of the emergency state, the director of the Medicines and Medical Devices Agency (AMDM), Dragos Gutu, informed. According to the AMDM leadership, Ukraine has always…Details
People in Lithuania are spending 63.9% of their income on essentials, like food and housing, according to the latest Eurostat data. The expenditures have increased by 50% compared to 2016. “The year 2021 was an unusual year in terms of consumption, as Covid-19 led to a reduction in tourist trips and fewer events,” said Inga…Details