Lithuania will open its representative office in Taiwan “as soon as we are ready”, Deputy Economy Minister Karolis Zemaitis, who is currently visiting the island, has said. The previous plan was to open the office on September 12. Vilnius’ representative to Taiwan, Paulius Lukauskas, “arrived last week and is only a few days out of…Details
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On September 13, seven more vessels loaded with Ukraine-produced agricultural crops left Odesa Port, Chornomorsk Port and Pivdennyi Port via the “grain corridor”. The relevant statement was made by Turkiye’s National Defense Ministry on Twitter. “As part of grain shipments, this morning seven more vessels loaded with grain have departed from Ukrainian ports,” the report…Details
Ukraine may save about $5.9 billion within a year, as investors have agreed to reschedule its external debt service payments until 2024. The relevant statement was made by the Ukrainian Finance Ministry. In August, investors supported Ukraine’s proposal to change the terms of issuance and placement of the state financial instruments. Three-week negotiations with holders…Details
The Lithuanian Finance Ministry has kept the country’s annual GDP growth forecast for 2022 unchanged at 1.6% despite slower growth in the second half of the year. The ministry has also revised its GDP growth forecast for 2023 to 1.4%, down from its earlier estimate of 2.1%, according to the latest macroeconomic projections published on…Details
Georgia: PM promises reduction of foreign debt and budget deficit through “unprecedented” economic growth
Georgian Prime Minister Irakli Garibashvili on September 12 announced amendments to the country’s budget bill to reduce its foreign debt to 40% of the gross domestic product, and budget deficit to 3.2% of the GDP, crediting the “unprecedented, double-digit” economic growth for enabling the moves. Speaking during the cabinet meeting, the Government head said the…Details
Compensating businesses for rising electricity and gas costs would put an unbearable burden on the country’s budget, Lithuanian Finance Minister Gintare Skaiste has said, adding that the majority of the European Union countries are only providing support for households. “At present, the majority of countries provide support only to households since businesses consume both electricity…Details
Passenger flow at Tbilisi International Airport recovered by 92% compared to the pre-pandemic 2019 figure in August, TAV Georgia, the company operating two major airports in the country, said on September 12. In further details, TAV Georgia said the airport serviced 363,830 passengers in August, up by 48% YoY. Figures for Batumi International Airport in…Details