Georgian deputy economy minister Mariam Kvrivishvili announced GEL 200 million ($73.81 million) would be allocated at the initiative of Prime Minister Irakli Garibashvili to improve tourism infrastructure and contribute to the creation of new jobs in the sector. Kvrivishvili also noted the government’s recently announced programme for developing new tourism locations while upgrading the existing…
Poland’s Purchasing Managers’ Index (PMI) rose to 43.4 points in November from 42.0 points in October, economic researcher S&P Global reported on December 1. Economists polled by PAP predicted the PMI would reach 42.8 points in November. “Manufacturing and new orders fell for another month in November, albeit the pace of decline slowed down compared…
The United States Agency for International Development has allocated a grant of $220,000 for supporting financial market development in Georgia, the national bank of Georgia reports. The two-year programme aims to provide necessary financial support for the implementation of activities planned by the Georgian Financial Markets Treasuries Association to promote development of the domestic financial…
Ratings agency Standard and Poor’s (S&P) has downgraded Poland’s economic growth forecast to 0.9% in 2023 from 1.2% forecast in September. At the same time, S&P predicts that Poland’s economic growth will accelerate to 3.2% in 2024. “Our baseline assumption is weak but still a positive GDP growth of 0.9% in 2023 versus our previous…
A non-refundable budgetary support worth 40 million euros on behalf of Germany has been disbursed on the account of the Finance Ministry. This financial support will back state programmes to compensate the increase in the costs of energy for the vulnerable groups. According to the Finance Ministry, the financial means will support Moldova in implementing…
Lithuania’s economy minister says “it’s impossible to completely eliminate China” and believes relations with the country “will recover” following current tensions over the Taiwanese representative office in Vilnius. “It’s impossible to completely eliminate China in a global world where all our value chains are intertwined. Despite being a communist country, it has invested heavily in…
Poland’s Gross Domestic Product (GDP) increased by 3.6% YoY in the third quarter of 2022, the Central Statistical Office (GUS) said on November 30. The figure is slightly higher than the previous flash estimate in which GUS said that in Q3 GDP growth would be at 3.5%. In Q2, the country’s GDP rose by 5.8%,…