The Georgian Parliament approved the updated 2023 Georgian state budget, with the document planned with an economic growth forecast of 5%, the Ministry of Finance announced on December 15. The document was approved by 84 votes in favour and one against and involved estimation of the nominal gross domestic product at GEL 79.7 billion ($30…
The Baltic States and Poland on December 15 blocked the adoption of new sanctions for Russia over the exemptions for grain and fertiliser exports, Lithuanian Foreign Minister Gabrielius Landsbergis reported. The exemptions proposed by Germany, France and the Netherlands could provide a loophole to circumvent sanctions, according to Landsbergis. “Half an hour ago, Lithuania and…
Sweden will grant more than $4.5 million for enhancing export capacities of entrepreneurs from both banks of the Dniester. These funds are provided in the framework of the “Advanced cross-river capacities for trade” (AdTrade) project, which has been implemented since December 2018 by UNDP, with the financial support of Sweden and from the summer of…
VAT revenues of the state budget increased by 40% compared to the first months of the full-scale war. This was stated by the Minister of Finance of Ukraine Sergii Marchenko in an interview with The Economist. “Despite systematic missile attacks by russia and blackouts, Ukraine’s economy continues to operate. Domestic consumption is growing, and international…
Poland’s current account deficit fell to EUR 549 million at the end of October, against a deficit of EUR 1.56 billion recorded at the end of September, according to central bank figures released on December 14. Market analysts expected the deficit to amount to EUR 800 million. Poland recorded a EUR 2.28-billion deficit in the…
About 1.28 million Georgian citizens aged 15 and above made 1.47 million monthly visits within the country in the third quarter of 2022 and spent GEL 346.3 million (about $130.44 million), the latest data published by the National Statistics Office of Georgia showed. The figures showed the monthly average number of visitors decreased by 6.7%…
Meat producer HKScan will sell its Baltic subsidiaries to Estonia’s AS Maag Grupp for EUR 90 million, the company has announced. The transaction will likely close in the second half of 2023 and is subject to regulatory approvals in Estonia and Latvia. “The sale of the Baltic business will improve HKScan’s profitability and strengthen its…