Small- and medium-sized entrepreneurs will be able to easier access loans provided by commercial banks partners of the Organization for Small- and Medium-sized Enterprises Sector Development (ODIMM), the government’s communication and protocol department has reported. The Cabinet has approved amendments to the Law No. 179/2016 on small- and medium-sized enterprises, which will allow simplifying the…Details
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A US-Georgia free trade agreement (FTA) would have a net positive effect for both countries, Georgian Foreign Minister David Zalkaliani told Brock Bierman, an opinion contributor for the American newspaper The Hill. Bierman has recently published an article entitled “Give Georgia a free trade agreement”, in which he has called for considering building “resilience in…Details
Lithuania’s LNG terminal can provide the country with alternatives for Russian gas supply, but its dependence on electricity imports from Russia is “a major problem”, says Lithuanian EU Commissioner Virginijus Sinkevicius. The country should speed up its plans to disconnect from the Russia-dominated network and synchronize its grid with those of Western Europe, he said…Details
The trade turnover between Georgia and Uzbekistan in January totaled $11.1 million, up by 101.8% YoY, the National Statistics Office (Geostat) reported. In particular, Georgia’s imports from Uzbekistan amounted to $2.6 million, up by 179.6%. Georgia’s exports to Uzbekistan in January 2022 amounted to $8.5 million, up by 86.8%. According to Geostat, Uzbekistan ranked 10…Details
The state will buy out grain and other food stocks in scope of the annual consumption throughout the country at the expense of the state budget. “We create a food reserve. The state will buy out grain and other food stocks in scope of the annual consumption throughout the country at the expense of the…Details
The World Bank has approved an additional support package for Ukraine of more than $700 million. The World Bank’s Board of Executive Directors approved over $489 million of the Development Policy Loan, called Financing of Recovery from Economic Emergency in Ukraine (FREE Ukraine) between Ukraine and the International Bank for Reconstruction and Development. In particular,…Details
The government has approved the increase in the quantum of minimally guaranteed salary in the real sector up to 3,500 lei from April 1. The decision was taken following consultations with social partners, at the tripartite dialogue on the platform of the National Commission for Collective Consultations and Negotiations (CNCNC). According to the government’s communication…Details