Georgian external trade turnover amounted to $2.89 billion in January-February, up by 12.3% YoY, the Georgian National Statistics Office revealed on March 13. The value of exports rose by 20.3% and equalled $914.7 million, while imports grew by 9%, amounting to $1.98 billion in the reporting period. Trade deficit, a measure of the negative balance…
Latvia’s defense spending in 2023 will rise proportionately almost to Estonian levels, and will be set at 2.25% of Gross Domestic Product. The 2.25% figure represents a major advance on the figure of 1% of GDP, which Latvia spent on defense in 2014, and reflects both the changed security situation and the stance taken by…
The intensification of Moldovan-Polish bilateral cooperation in the commercial-economic sector and supporting the country’s European path were the main topics of discussion between Prime Minister Dorin Recean and Polish Ambassador to Chisinau Tomasz Michal Kobzdej, the government’s communication and protocol department reported. Dorin Recean welcomed the consistent support of Warsaw authorities for the country’s European…
Since the beginning of Russia’s full-scale invasion, the United States has provided Ukraine with over $14 billion in financial aid. “Since the beginning of the full-scale invasion, the United States has provided Ukraine with more than $14 billion in financial aid,” the press service of the Ministry of Finance of Ukraine informs. The Ministry of…
Representatives of all three Baltic States met in Tallinn to discuss Baltic space cooperation. All three countries are in full cooperation with the European Space Agency (ESA) and contribute to its programs, but say that in a rapidly developing field, joint projects in space tech and business would benefit all players. Paul Liias, head of…
The new deregulation package, approved by the Government at the initiative of the Ministry of Economic Development and Digitalization and which brings significant changes in areas such as digitalization, labor relations and state control of entrepreneurial activity will allow saving about 50 million lei annually (2.5 million euros). Deputy Prime Minister Dumitru Alaiba, Minister of…
The average inflation rate in Poland will reach 11.9% this year, 5.7% in 2024 and 3.5% in 2025, the National Bank of Poland has said in a forecast. “Over the projection horizon, CPI inflation will decline as factors currently boosting its level subside,” the NBP said in its March 2023 inflation report published on March…