German companies can provide technology and equipment for Georgia’s competitive industrial sector, the Federal Ministry of Economic Affairs and Climate Policy of Germany reported. The Federal Ministry of Economic Affairs and Climate Policy of Germany supports German companies in taking part in international trade fairs and conducting fact-finding missions, including to Georgia. “German companies are…Details
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Prime Minister of Ukraine Denys Shmyhal believes that Ukraine and Turkey will ink a free trade agreement next year. “I strongly believe that we will sign this agreement next year. The visit of the President of Turkey to Ukraine is scheduled for February 2022. I think that we will approach a balanced agreement until then,”…Details
In 2022, PJSC “Export-Credit Agency” (ECA) plans together with banks to launch a UAH 20-billion program in support of Ukrainian exporters. “Next year, we plan to launch a new program of cooperation with banks, providing at least 20 billion UAH in support of exporters,” Acting Chairman of Board of ECA Ruslan Hashev said at the…Details
Tbilisi Mayor Kakha Kaladze said Tbilisi City Hall was going to purchase 380 new buses in 2022. Kaladze also noted that old buses and minibuses would be totally replaced, and the municipal transport problem would finally be solved next year. “Tbilisi City Hall will purchase 180 units of 8-meter buses and 200 18-meter buses. New…Details
Revolut Bank, a part of the British fintech Revolut, has been granted a banking license, the Bank of Lithuania (LB) reports. Upon LB’s proposal, the banking license was issued by the European Central Bank. The company, headquartered in London, runs a specialized bank, Revolut Bank, and an e-payment platform Revolut Payments. CEO Joe Heneghan said…Details
Compared to 2019, household disposable income increased by 8.1% YoY in 2020, reaching EUR 630 per household member monthly. Population income grew faster than in 2019, when it rose by 6.8%. Compared to other EU Member States, income inequality in Latvia remained high. According to the latest available data, Latvia had the second highest Gini…Details
Tallink hopes to recover 70% of its pre-pandemic passenger volume until summer 2022, the ferry company’s CEO Paavo Nogene has said. It will take several years for tourism to properly recover. On December 15, Tallink said it would suspend ferries on the Tallinn-Stockholm line for five weeks at the start of next year due to…Details