Georgian Economy Minister Levan Davitashvili and Saudi Minister of Economy and Planning, Faisal bin Fadel Al-Ibrahim discussed “priority areas” of economic relations as part of a Georgian Government delegation’s ongoing visit to Saudi Arabia, the Georgian Ministry of Economy announced on December 22. The state body said the discussions had involved discussions of ties in…
In cooperation with Ukrgasbank JSC, the Business Development Fund (BDF) will finance the investments of small and medium-sized enterprises (SMEs) in energy saving and energy efficiency. The relevant statement was made by the Ukrainian Finance Ministry. On December 21, the Business Development Fund and Ukrgasbank JSC signed a credit agreement worth UAH 150 million as…
In January-November, Ukraine imported $49.4 billion worth of goods, while the exports of goods came to $40.7 billion. The relevant statement was made by the Ukrainian State Customs Service on Telegram. Most imports came from China ($7.6 billion), Poland ($5 billion) and Germany ($4 billion). Most exports went to Poland ($6.2 billion), Romania ($3.5 billon)…
Cabinet approved on December 21 the amendment to some normative acts, in order to adjust the legal framework related to e-commerce and to eliminate the constraints that hinder the development of e-commerce, the government’s communication and protocol department reported. The draft sees updating the legislation on internal trade and supplementing it with the provisions on…
Poland’s retail sales increased in real terms by 1.6% YoY, but fell by 0.3% MoM in November, the Central Statistical Office said on December 21. Economists polled by PAP expected November’s retail sales to grow in real terms by 0.3% YoY and drop by 0.6% MoM. In current prices, retail sales increased by 18.4% YoY…
In December, 34.7% of the Polish public saw the situation in Ukraine as a major threat to the Polish economy, down by 2% MoM, the Central Statistical Office (GUS) reported. The situation in Ukraine was perceived as a moderate threat by 44.5% of respondents (-0.1%) and as a low threat by 16.5% (+2.1%). A further…
The European Commission (EC) on December 20 okayed the Polish government’s EUR 1.1-billion support scheme for energy-intensive firms. Under EU rules, state aid must be approved by the EU to avoid unfair competition, but soaring energy costs in the wake of the post-Covid supply chain bottlenecks and Russia’s invasion of Ukraine have hit energy-intensive companies…