Georgian external trade turnover amounted to billion in January-September, up by 35.3% YoY, the National Statistics Office revealed on October 13. Trade deficit reached $5.41 billion, and the share of trade turnover hit 39.8%. Last year Georgia’s exports totaled $4.24 billion, while imports reached $10 billion. The total turnover was $14.31 billion, while the trade…
Current and planned reforms in Georgia and the importance of the financial support of the European Investment Bank were discussed on October 12 in a meeting between the Georgian prime minister Irakli Garibashvili and Maciej Czura, the head of the EIB regional representation for the South Caucasus. The meeting underlined the importance of the financial…
Poland is the number-three country in terms of aid granted to Ukraine, as measured by its ratio to Gross Domestic Product (GDP), recent data from a German think tank has shown. According to the Kiel Institute for the World Economy (IfW), the first place in the ranking of countries providing aid to Ukraine belongs to…
The Lithuanian government is planning to borrow around 6.673 billion euros domestically and abroad next year. The government debt is expected to reach around 30.2 billion euros, or 43% of GDP, until the end of 2023. The government plans to borrow around 2 billion euros domestically by issuing government securities and 4 billion euros by…
While some businesses struggle to stay afloat amid soaring energy prices and a squeeze on people’s purchasing power, others are doing better than before. Second-hand clothing retailers are experiencing a boom, with shoppers lured by environmental concerns as well as low prices. Geltonas Namelis (Yellow House) is a clothing shop in Birzai, a town in…
As the Lithuanian parliament, Seimas, starts deliberating the 2023 government spending bill, Finance Minister Gintare Skaiste says the primary focus is on supporting households and business in shouldering high energy prices. “The government is presenting the budget bill today, and we see it as a kind of shield to protect the population in this uncertain…
Up to GEL 3 billion ($1.08 billion) will be invested in infrastructure development across Georgia next year with the construction of highways remaining a priority, infrastructure minister Irakli Karseladze has said, while discussing the next year’s state budget. “This is a historical maximum”, said Karseladze of the amount of money allocated for his office in…