Georgian Deputy Economy Minister Romeo Mikautadze on March 18 said the Black Sea submarine cable international project, initiated by Georgia, was an “object of international interest”. Mikautadze noted the dates, cost and the way of the installation of the cable would be known this year and highlighted that the 1,200 km long cable would be…
The Georgian capital city of Tbilisi hosted a business forum organised by officials and involving businesses of Georgia and the United Arab Emirates, with the event involving discussions of trade turnover and investment between the two countries. Georgian Economy Minister Levan Davitashvili and Thani bin Ahmed Al Zeyoudi, the Minister of State for Foreign Trade…
The World Bank Group Board of Executive Directors discussed on March 17 a new Country Partnership Framework (CPF) for Moldova for the 2023-2027 period, aimed at supporting the country’s sustained recovery from the impacts of the COVID-19 pandemic, energy and refugee crises due to Russia’s invasion of Ukraine, focusing on reforms to support job creation…
Average monthly nominal earnings in Georgia increased by 21.2% YoY in the fourth quarter of 2022 and reached GEL 1,773.7 ($687.57), the National Statistics Office of Georgia reported. The highest monthly earnings were observed in the following sectors: information and communication – GEL 3,672.6 ($1,423), financial and insurance activities – GEL 2,726.7 ($1,056), construction –…
Ukraine and Latvia are working to further develop and strengthen trade and economic relations. During the meeting between Prime Minister of Ukraine Denys Shmyhal and Prime Minister of Latvia Krisjanis Karins, the parties agreed to continue the work of the Intergovernmental Ukrainian-Latvian Commission on Economic, Industrial, Scientific and Technical Cooperation. The ninth meeting of the…
Poland’s core inflation, which excluded the prices of food and energy, measured 12% YoY in February, up from 11.7 % in January, the National Bank of Poland (NBP) said on March 16. Inflation excluding fixed prices amounted to 18.1% in February, up from 16.3% in the previous month. Inflation excluding the most volatile items measured…
Enterprise Georgia, an export promotion agency of the country, is inviting micro and small-sized entrepreneurs in Georgia to submit their new business ideas for a state grant with a maximum amount of GEL 30,000 ($11,607). The agency said on March 16 that “all adult entrepreneurs” were eligible to submit their projects to the Micro and…