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…
Lithuania is leading among EU countries in integrating Ukrainian refugees into its labour market. More than half of working-age Ukrainians that have arrived in the country after the Russian invasion in February have found jobs. Zigmantas Dargevicius said he wanted to help Ukrainian refugees and offered a number of them jobs with a hotel chain…
Ukraine has received a EUR 100-million loan on concessional terms from the French Development Agency. The funds are directed to the general fund of the State Budget to finance priority expenditures, in particular social and humanitarian. “We appreciate France’s contribution to maintaining the stability of Ukraine’s financial system, as well as its willingness to support…
On December 12, the European Commission and the Nordic Investment Bank signed the InvestEU guarantee agreement. The value of this agreement reaches EUR 114 million, as confirmed by the European Commission’s office in Latvia. This agreement will allow for attracting funding from the Nordic Investment Bank worth up to EUR 480 million for investments into…
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…