Georgian external trade turnover amounted to $17.02 billion in January-November, up by 32.2% YoY, the National Statistics Office revealed. The value of exports rose by 31.8% and equaled $5.03 billion in the reported period, while imports grew by 32.5%, amounting to $11.98 billion. Trade deficit reached $6.94 billion, and the share of trade turnover hit…
The gross domestic product of Georgia will reach GEL 80 billion ($30.08 billion) next year, Prime Minister Irakli Garibashvili said at the Government meeting on December 12, adding the figure had increased by almost GEL 30 billion ($11.28 billion) over in the last two to three years. Garibashvili said his Government was continuing its support…
Talks on further support for Kyiv and sanctions on Russia are “stuck in the cold mud”, Lithuanian Foreign Minister Gabrielius Landsbergis said ahead of December 12’s meeting of EU Foreign Affairs Council in Brussels. “There is not a single more important issue than Russia’s war against Ukraine. Unfortunately, with many things that we have to…
Lithuanian President Gitanas Nauseda insists that Minsk’s proposal to allow the transit of Ukrainian grain through its territory is “a trap”, while the Foreign Ministry has ruled out lifting sanctions on Belarusian fertilisers. Belarus told the United Nations last week that it would allow the transit of Ukrainian grain for export via Lithuanian ports without…
Parliament voted on December 12 in the first reading some amendments to the state budget law for 2022, as a result of the increase in the share capital of Energocom company. Thus, the state budget revenues for this year are set at 59.3 billion lei, expenses – 73.9 billion lei and the deficit – 14.6…
Ukraine is currently trying to protect the democracy of the entire civilized world, so support for Ukraine cannot be considered charity. Total aid committed to Ukraine reached 113 billion euros as last week. “It’s not charity to support Ukraine. We are trying to protect freedom and democracy of all the civilized world,” Minister of Finance…
The three Baltic countries agree on the need to raise defence spending to 3% of GDP. However, Lithuania, Latvia and Estonia plan to achieve the target at their own pace. “Each country individually will increase the defence investment toward 3% of GDP,” Latvian Prime Minister Krisjanis Karins told reporters after meeting with his Lithuanian and…