The United States Agency for International Development is launching a five-year programme designed to create jobs and improve livelihoods of people living in over 90 communities along the administrative line separating the Russia-occupied regions from the rest of the country. The organisation said the $24-million initiative would aim to help residents in realising “their full…
Poland’s GDP will contract by 0.2% YoY in 2023, according to the credit ratings agency Moody’s. In a report published on November 1, Moody’s wrote the contraction would stem from a decline in domestic demand and the troubles of Poland’s main trading partners filtering down to affect the Polish economy. “While we expect Poland to…
The budget of the EU4Moldova project, meant for strengthening the capacity to respond to the COVID-19 emergency situation in the public health sector and the institutional capacity for the implementation of the Association Agreement, will be increased by 138,328 euros. The Cabinet, at a meeting on November 2, approved the draft on starting negotiations and…
Koba Gvenetadze, the governor of the national bank of Georgia, on November 2 said the financial institution expected domestic inflation to begin to decline from February and approach the target level in the second half of 2023. Gvenetadze warned if inflation exceeded expectations, the development would lead to a wage-price spiral – a prolonged loop…
Georgian economy minister Levan Davitashvili on November 1 said his government could sign a comprehensive economic cooperation agreement with the United Arab Emirates early next year in a bid to strengthen bilateral trade. The ministry of economy quoted Davitashvili on comments made during his visit to the UAE, as part of a Georgian government delegation…
Inflation in Poland could fall to a single-digit level until the end of 2023, the deputy governor of Poland’s central bank has said. Marta Kightley said that inflation was expected to peak over the first months of 2023, to drop visibly starting from March and reach a single-digit value until year’s end. She added that…
Georgian Prime Minister Irakli Garibashvili and Sheikh Mohamed bin Zayed Al Nahyan, the president of the United Arab Emirates, discussed cooperation between the countries and prospects of boosting trade ties and investment at their meeting in Abu Dhabi, the Georgian government’s press office said. Praising the “fruitful cooperation” between the two countries in various fields…