Current and planned reforms in Georgia and the importance of the financial support of the European Investment Bank were discussed on October 12 in a meeting between the Georgian prime minister Irakli Garibashvili and Maciej Czura, the head of the EIB regional representation for the South Caucasus. The meeting underlined the importance of the financial…Details
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Poland is the number-three country in terms of aid granted to Ukraine, as measured by its ratio to Gross Domestic Product (GDP), recent data from a German think tank has shown. According to the Kiel Institute for the World Economy (IfW), the first place in the ranking of countries providing aid to Ukraine belongs to…Details
Termoelectrica company announced that it had carried out the necessary works for the transition of the Electric Heating Plant (CET) I to the mixed use of fuel oil and natural gas. According to the company, starting from October 11 CET switched to an operating regime based on fuel oil with minimal use of natural gas…Details
The Lithuanian government is planning to borrow around 6.673 billion euros domestically and abroad next year. The government debt is expected to reach around 30.2 billion euros, or 43% of GDP, until the end of 2023. The government plans to borrow around 2 billion euros domestically by issuing government securities and 4 billion euros by…Details
Pegasus Airlines, a Turkiye-based budget airline, is set to launch flights between the Turkish capital of Ankara to the Georgian capital of Tbilisi from November 2, the Georgian economy minister has announced. The news was announced after a meeting held between the deputy economy minister Mariam Kvrivishvili and representatives from Pegasus Airlines and Turkish Airlines…Details
While some businesses struggle to stay afloat amid soaring energy prices and a squeeze on people’s purchasing power, others are doing better than before. Second-hand clothing retailers are experiencing a boom, with shoppers lured by environmental concerns as well as low prices. Geltonas Namelis (Yellow House) is a clothing shop in Birzai, a town in…Details
Around 30% of energy infrastructure in Ukraine has been hit by Russian missiles since October 10, Ukraine’s Energy Minister Herman Halushchenko has said. “We send this message to our partners: we need to protect the sky,” he said. “Russians are not playing games on international laws. They don’t care about any kind of international agreements…Details