The European Union will transfer EUR 20.87 million to support the implementation of “key reforms” in various sectors of the Georgian economy, from economic and business development to rural advances and food safety, the EU Delegation to Georgia has announced. Supporting development of skills and a reform of the labour market and contributing to regional…
Despite the war, Ukraine managed to increase exports to the EU, which amounted to $27.9 billion in 2022. This was achieved thanks to trade liberalization, in particular, the removal by the EU of quotas and duties for Ukrainian products, as well as of road transport permits, for the period of martial law in Ukraine. This…
In 2023, the Government has allocated UAH 1.8 billion for the microgrant program “Own Business”, which will allow Ukrainians to receive more than 7,000 microgrants for starting and developing a business. This was announced by Deputy Minister of Economy of Ukraine Tetiana Berezhna during the National Telethon. “This year’s budget for the “Own Business” program…
The annual rate of inflation will trend downward rapidly throughout this year. More precisely, the average annual inflation is forecast at 13.7% this year and 5.5% in 2024. Governor of the National Bank of Moldova Octavian Armasu unveiled the data. BNM data showed that the annual inflation rate, in the fourth quarter of 2022, outlined…
The Monetary Policy Council (RPP), the Polish central bank’s rate-setting body, has kept the reference interest rate at 6.75%. The National Bank of Poland’s Lombard rate remained at 7.25%, the rediscount rate at 6.80% and the discount rate at 6.85%, the RPP announced after its sitting on February 8. The RPP also left the deposit…
President of the Republic of Moldova Maia Sandu had a meeting with representatives of the investor groups DFC (USA), Swedfund (Sweden), Proparco (France) and Finnfund (Finland), invited by Horizon Capital. According to the presidential press service, the officials approached the investment and business opportunities offered by the market. Maia Sandu noted that Moldova wanted to…
Small startups in Georgia have been urged to submit business ideas to the latest edition of a grant programme from the country’s Innovation and Technology Agency, with the chance of gaining $56,611 in co-financing support. GITA on February 8 announced the 10th edition of its programme for startups whose yearly total turnover did not exceed…