The European Union (EU) will allocate EUR 3.9 billion to help Georgia improve transport and logistics connectivity, Georgian Prime Minister Irakli Garibashvili has announced after the meeting with European Commissioner for Neighbourhood and Enlargement Oliver Varhelyi. The EUR 3.9-billion aid package consists of a EUR 1.17-billion grant and the rest is a loan. Varhelyi said…Details
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Member of Parliament of Kyrgyzstan Zhyrgalbek Turuskulov proposes to create cryptocurrency exchanges in Kyrgyzstan. The bill has been submitted for public discussion. According to him, the main motive for the creation and use of cryptocurrency assets is the ability to make transactions without participation of a third party and creation of alternatives to traditional financial…Details
Considering the rising demands in the world market for viticulture, Uzbekistan is planning to create its own brand and use its potential of exporting $600 million worth of grapes in the near future. This topic was under scrutiny at the recent videoconference chaired by President Shavkat Mirziyoyev. Vineyards occupy some 90,000 hectares of land in…Details
As of July 1, the amount of cash in circulation in Ukraine totaled UAH 585.2 billion, according to the press service of the National Bank of Ukraine (NBU) “As of July 1, cash totaling UAH 585.2 billion was in circulation, including 2.9 billion banknotes and 13.9 billion pieces of coins,” said Director of the NBU…Details
President Volodymyr Zelensky has said he expects that bilateral trade in goods and services between Ukraine and Lithuania will return to pre-pandemic levels. He said this at a joint press conference in President of Lithuania Gitanas Nauseda in Vilnius. “Based on the results of the current year, we expect that the volumes of bilateral trade…Details
Latvia will donate 165,600 doses of the Astra Zeneca Covid-19 vaccine to five countries, Georgia, Moldova, Montenegro, Kenya and Albania, Latvian Foreign Minister Edgars Rinkevics (New Unity) has stated, quoting a decision of the government. “We can win the fight against this pandemic together and in full solidarity with each other,” the minister announced on…Details
Inflation of close to 4% YoY in June is primarily down to the low reference base in 2020, the year the coronavirus arrived, according to an expert. SEB economic analyst Mihkel Nestor said: “The growth in consumer prices clearly reflects the recovery of the economy from the coronavirus crisis.” The consumer price index (CPI) increased…Details