The market value of the volume of Estonia’s stabilization reserve shrank by EUR 3.6 million last year, to land on EUR 428 million in March, a Finance Ministry report suggested. The market value in volume of the stabilization reserve for use in crisis situations was EUR 427,686,221 in late March, down by EUR 3.58 million…Details
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At a meeting on May 17, the Cabinet of Ministers has endorsed a resolution to attract a soft loan of up to EUR 150 million from the State Bank of Germany “Credit Institute for Reconstruction” (KfW). The loan is provided for a period of 15 years, taking into account the grace period for the first…Details
In March, Ukraine’s exports reduced by 57.9% compared to February and imports – by 75.8%. The relevant statement was made by the Ukrainian State Statistics Service. “In March, compared to February, the seasonally adjusted export volumes reduced by 57.9% and import volumes – by 75.8%. The seasonally adjusted foreign trade balance was positive in March,…Details
In a situation of growing global economic crisis and complications caused by the war, replacing a minister that is responsible for resolving very important economic issues is irresponsible, according to Latvian Chamber of Commerce and Industry (LTRK). Prime Minister Krisjanis Karins announced on May 16, that the Minister of Economics Janis Vitenbergs would have to…Details
Poland’s Gross Domestic Product (GDP) increased by 8.5% YoY in the first quarter of 2022, the Central Statistical Office (GUS) said in a flash estimate on May 17. Economists polled by PAP expected GDP to rise by 8.1%. Quarter on quarter, Poland’s GDP grew by 2.4% in the first three months of this year, GUS…Details
The Lithuanian parliament on May 17 voted to raise the non-taxable income threshold by 80 euros to 540 euros as of July. This means an increase in income for the lowest earners whose annual income does not exceed the national average. The amendments to the Law on Personal Income Tax were passed with 93 votes…Details
Georgian wine-producing companies are participating in ProWein-2022, an annual international wine and alcoholic beverages exhibition in the German city of Dusseldorf, the National Wine Agency of Georgia reports. With the support of the Agency and the Georgian Wine Association, a total of 24 Georgian companies are featured in the exhibition where Georgia has been represented…Details