A latest report by the national bank of Georgia has said the country’s financial sector is maintaining stability and is lending to the economy “without interruption”. The bank said on September 28 its inquiry had shown a majority of banks had already restored the buffers released during the shock of the Covid-19 pandemic, and were…
Rating agency Standard and Poor’s (S&P) has downgraded Poland’s economic growth forecast to 4% in 2022 from 4.5%. At the same time, S&P has lowered its forecast regarding Poland’s economic growth in 2023 from 2.1% to 1.2%, the company has said in a report published on September 28. The downward forecast revision “reflects a larger…
Lithuania’s parliamentary committees on September 28 ended their discussions on a proposal to fund reconstruction of Ukraine’s water supply system through an additional water tariff for Lithuanian residents. Environment Minister Simonas Gentvilas, who proposed the idea, withdrew the draft amendment. “It would be legally difficult to implement it,” the minister said at a meeting of…
The European Bank for Reconstruction and Development has raised its economic growth forecast for Georgia, announcing it is expecting the Georgian economy to grow by 8% this year, “significantly higher” than the previously predicted 3% growth. For next year, the bank’s report Regional Economic Prospect expects this trend to moderate further to 5%, in line…
Poland’s budget deficit is likely to come to PLN 65 billion (EUR 13.5 billion) in 2023 under a budget bill approved by the government on September 28. Piotr Mueller, the government spokesman, said that the bill had been backed by the Cabinet. It will now go to the Sejm, the lower house of the Polish…
A series of European Union-funded labour market studies have identified low qualification of job seekers as one of the main barriers for both employers and those looking for work in Georgia, the EU Delegation to Georgia has said. The research also pointed to insufficient work experience, improper assessment of job seekers’ knowledge and skills, and…
The Cabinet of Ministers of Ukraine sealed a resolution banning the export of goods from Ukraine to Russia. As the press service of the Ministry of Economy of Ukraine informs, the Government adopted the resolution “On the ban on the export of goods from Ukraine to the customs territory of the Russian Federation” at a…