After the coronavirus pandemic, Georgia was able to recover its tourism income by 100% and as a result, a $3-billion surpass in the sector is expected, which will have a “direct” impact on job creation and improvement of the well-being of citizens, the Georgian deputy economy minister Mariam Kvrivishvili has said in her address at…
The IMF management official is expected to approve the launch of the Program Monitoring with Board Involvement (PMB) in the coming weeks. “The mission and the Ukrainian authorities have reached staff-level agreement on economic policies for a Program Monitoring with Board Involvement (PMB). The agreement is subject to approval by IMF Management and an IMF…
Foreign securities may be admitted for trading on the regulated market of the Republic of Moldova. MPs voted in the second reading the draft amendment to the Law on capital market on November 24. Thus, only the securities on which prohibitions are not set to trading by the operator of a foreign regulated market or…
Lithuania is not satisfied with the European Commission’s proposed price cap on wholesale natural gas, President Gitanas Nauseda said on November 24. “It would not help to protect ourselves even against the peak we had in the past,” he said at a joint news conference with Romanian President Klaus Iohannis in Vilnius. Earlier this week,…
Poland recorded a PLN 27.2-billion (EUR 5.79-billion) state budget surplus after the first 10 months of 2022, the Finance Ministry said. Poland’s budget revenue reached PLN 426 billion (EUR 90.67) in January-October and was PLN 20.3 billion (EUR 4.32 billion), or 5% higher compared to the same period of 2021, the ministry said in a…
Georgian economy minister Levan Davitashvili on November 24 said the government would ensure transformation of the country into a transit corridor and logistics hub that would make rapid transportation and communication available for “businesses on two continents”. The Ministry of Economy cited Davitashvili as having made the statement at the ministerial conference of the Central…
This weekend, Vilnius and Kaunas will light up their main Christmas trees. Amid drive for austerity, there will be fewer lights, but the big cities hope the festive mood will not be sombre. Vilnius, which is planning a Christmas budget of almost half a million euros, says it makes economic sense for the city to…