The consumer price index increased by 0.7% MoM in June, the National Statistics Office of Georgia (Geostat) reported. The monthly inflation rate was mainly influenced by price changes for the following groups: housing, water, electricity, gas, and other fuels (+2.7%), recreation and culture (+1.6%), restaurants and hotels (+1%), transport (+0.4%) and food and non-alcoholic beverages…Details
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Ukrainian Energy Minister Herman Halushchenko has met with the Austrian Ambassador to Ukraine Gernot Pfandler to discuss prospects for expanding cooperation in the field of carbon neutrality, the Energy Ministry’s press service has reported. “Ukraine and Austria have been cooperating for a long time in the field of hydropower and energy efficiency and are planning…Details
During his visit to Georgia, President of Ukraine Volodymyr Zelensky discussed the priority steps to intensify trade and economic cooperation with President of the Republic of Moldova Maia Sandu. “The President congratulated Maia Sandu on the victory of the pro-European democratic forces in the parliamentary elections in Moldova and wished his Moldovan counterpart success in…Details
In June, actual unemployment rate comprised 7.8%, down by 0.1% MoM. The unemployment rate for females increased by 0.1%, to 7.4 % in June, but for males it remained unchanged at 8.3%. Unemployment rate registered by the State Employment Agency (SEA) accounted for 7.4%, down by 0.2%. Unemployment rate decrease may be observed when comparing…Details
Prime Minister Irakli Garibashvili called the new daily rate of coronavirus infections alarming and stated that Georgia would not endure another lockdown. “Our country can no longer endure another lockdown. If we have to close the country again later, people will lose their jobs and an unbearable situation will be created. I want to make…Details
Free Trade Union Confederation of Latvia (LBAS) has sent a letter to the Saeima speaker and all factions in the parliament. In it, LBAS expresses its opinion on the rights of employers to lay off employees not vaccinated for Covid-19, as confirmed by LBAS. Because the Cabinet of Ministers decided on July 14 to approve…Details
The International Monetary Fund (IMF) projects the Georgian economy to grow by 7.7% in 2021, “a significant upgrade from just a few months ago, which implies that output will exceed its 2019 level this year”, reads a concluding statement of the IMF staff at the end of an official visit in Georgia. The IMF statement…Details