On January 10, Prime Minister Natalia Gavrilita met members of the Foreign Investors Association (FIA). The parties discussed possibilities of improving the business environment, developing businesses and increasing the number of jobs. “The Cabinet launched multiple instruments of backing the private sector, in order to overcome the impact of the crises; yet, our effort to…
The Government of Georgia has become a 100% shareholder of Georgian Railway, marking a change in the major company operating rail services across the country. A London Stock Exchange statement sent to investors on December 23, 2022 announced the change in the ownership of the company. Previously, Georgian Railway was wholly owned by the state-owned…
Lithuanian Economy Minister Ausrine Armonaite is meeting with Taiwan’s Minister of Digital Affairs Audrey Tang in Vilnius to discuss new cooperation projects and progress in carrying out earlier agreements. The programme of the visit includes signing a Memorandum of Understanding with the Innovation Agency on cooperation in developing digital skills of students and teachers in…
Inflation should fall to a single-digit figure by the end of the year, a deputy minister said on January 10. Recently Poland has seen inflation hit highs not witnessed in decades. On January 5 Poland’s Central Statistical Office said consumer and service prices in December 2022 grew by 16.6% YoY and by 0.2% MoM, against…
The Executive Board of the International Monetary Fund (IMF) concluded the second review under the 40-month Extended Credit Facility (ECF) and Extended Fund Facility (EFF) Arrangements for the Republic of Moldova. This allows for the immediate disbursement of SDR 20.65 million (about $27 million), usable for budget support, bringing Moldova’s total disbursements under the blended…
Price hikes in Croatia after it adopted the euro can serve as a warning to Poland, the Polish prime minister said on January 10. Mateusz Morawiecki told a press conference that Croatia’s use of the euro, which began on January 1, had resulted in a rapid rise in the prices of fuel, consumer goods and…
It’s necessary to focus on increasing healthy life expectancy in Lithuania, instead of weighing up the idea of increasing the retirement age, a presidential adviser has said. “The existing average in Lithuania is now 57.5 years,” Irena Segaloviciene said on January 10, adding that Lithuania expected to reach a life expectancy of 65 years only…