Georgia has historically focused on hydropower, USAID is supporting diversification into wind and solar, renewable sources which are expected to be less vulnerable to climate change, the USAID mission in Tbilisi says. USAID is prioritizing Georgia’s energy sector for several reasons. “First, a stronger, more diversified energy sector helps Georgia build resilience against malign influence.…Details
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Lithuania’s gross domestic product (GDP) grew by 5.2% YoY in January-September, slightly exceeding earlier expectations of the country’s central bank. According to data released by Statistics Lithuania, the country’s economic activity over the first three quarters of 2021 totaled 40.5 billion euros, up by 5.2%. The economy got a positive boost from industrial production, wholesale…Details
The National Bank of Kyrgyzstan conducted its third intervention in October. A total of $25.7 million was sold with settlements on the date of the transaction and $24.3 million – with settlements different from the date of the transaction. Last month, the National Bank spent $87.8 million on maintaining the som’s exchange rate. Since the…Details
NJSC Naftogaz Ukrainy has won a tender from the Moldovan state-owned company Energocom to supply 500,000 cubic meters of gas, according to Director for Naftogaz Integrated Communications Department Maksym Bielawski. “Naftogaz has won the tender for the supply of gas to the state-owned Moldovan company Energocom. The volume is 500,000 cubic meters,” Bielawski told reporters.…Details
In September, inflows of funds to banks being under liquidation amounted to UAH 442.6 million, of which UAH 427.7 million came from the sale of assets through electronic auctions, according to the press service of the Deposit Guarantee Fund of Ukraine. The largest revenues from the sale of assets came to the accounts of: JSC…Details
A joint Georgian-Israeli production of rifles will be launch in Georgia, with Prime Minister Irakli Garibashvili presenting the newly set-up plant for making carbines similar to the famed American M4. Unveiling the factory a year after his initial reveal of plans for it, Garibashvili spoke to reporters after inspecting the Delta CCA Arms plant, a…Details
In July-September, gross domestic product (GDP) increased by 4.8% YoY, according to seasonally and calendar non-adjusted data. According to provisional estimations, the GDP was affected by a rise of 1.3% in producing sectors and of 6.1% in services sectors, according to the flash estimate of the Central Statistical Bureau (CSB). Compared to Q2, GDP increased…Details