Natural gas distribution companies in Georgia will invest GEL 265 million ($97.44 million) within the next five years in improving supply in the country, the Georgian national energy and water supply regulatory commission has announced. “The commission agreed on the investment plans to be implemented by the natural gas distribution companies in the next five…
Poland’s rising trade deficit is mainly caused by high prices, a government-sponsored think tank has said. Poland’s trade deficit hit EUR 14.7 billion after September, the Central Statistical Office (GUS) reported on November 17. Marek Wasinski, an expert with the Polish Economic Institute (PIE), said in a comment to the GUS data that the growth…
Georgian finance minister Lasha Khutsishvili on November 17 said reducing the country’s external debt, which currently stood at $22.3 billion, was among the government’s priorities. Presenting next year’s budget in the parliament, the official said financial bodies would take on more internal debt – obtained by issuing treasury bonds and treasury obligations – to keep…
The Lithuanian parliament decided to hold its final vote on the government’s 2023 budget on November 22 after debating the revised draft plan on November 17. The motion to set the date for the final vote passed in a vote of 66 to 14 with 33 abstentions. Mykolas Majauskas, chairman of the parliamentary Committee on…
The values that serve as criteria for defining the status of micro, small and medium enterprises (SMEs) have been amended. As a result, the number of companies registered as SMEs will increase by at least 805 companies. The changes provide for the doubling of turnover thresholds for the award of micro, small and medium enterprise…
Georgia received $2,854,529,093 from international tourism between January and October, with the figure surpassing pre-pandemic numbers from 2019 and hitting record-high markers this year, the Georgian national tourism administration announced on November 17. The administration said revenues from international tourism increased by 183.2% YoY. It also added the figures showed a 100.2% recovery from the…
Over the past two years, real estate prices in Lithuania have been rising faster than wages, which reduces the affordability of housing and may cause social problems, warns central bank chief Gediminas Simkus. “Housing is not just a piece of property, it is first and foremost a basic human need. It is the place where…