Georgia: country enjoying double-digit economic growth in January-May 2022

Prime Minister Irakli Garibashvili said Georgia experienced a “double-digit” economic growth in the first five months of 2022 despite “world markets crashing” the recessions caused by the Russia-Ukraine war, the Government Administration announced on June 27. Garibashvili called the growth figure “unprecedented” in Europe, adding the Government would “not allow any destructive force” to “hinder”…

Ukraine: EU’s LIFE environmental program joined

Ukraine has joined the EU’s LIFE program, under which it will be able to get resources and funding to address the long-term effects of Russian aggression, as well as to restore the environment as a whole. Ukraine’s Environment Minister Ruslan Strilets and EU Commissioner for Environment, Oceans and Fisheries Virginijus Sinkevicius signed a respective document…

Poland: unemployment down in May 2022

Poland’s unemployment rate fell to 5.1% in May from 5.2% April 2022, the Central Statistical Office (GUS) reported. The number of registered unemployed measured 850,200 in May against 878,000 in the previous month, GUS also said. Earlier, the Family and Social Policy Ministry estimated May’s unemployment at 5.1%. (The First News/Business World Magazine)

Lithuania: cash payments capped

Lithuanian lawmakers have tightened the existing rules and capped cash settlements between residents and businesses at 5,000 euros, with changes set to come into force in November. Any payments above the cap will only be allowed in a non-cash form. However, cash payments will still be allowed if one party does not have a bank…