Georgian authorities and the International Monetary Fund have reached a staff-level agreement on policies for completion of the first review of the stand-by arrangement following “productive discussions” between the parties, which will allow the organisation to allocate $38 million for the country, the IMF announced on November 7. The fund’s mission visited Georgia on October…
Lithuania opened its trade representative office in Taiwan on November 7, the Economy and Innovation Ministry announced. “Today, we welcome the first achievements of Lithuania’s economic cooperation with Taiwan. I have no doubt that with the opening of Lithuania’s trade representative office in Taipei, our work with this promising market will intensify,” Economy Minister Ausrine…
The Polish government’s anti-inflation shield will remain in place but changes will be made to it, Mateusz Morawiecki, Poland’s prime minister told a press conference on November 7. The shield, which introduced a number of VAT cuts on food and fuel, was first brought in at the end of 2021 to combat rising inflation but…
To save money, people are increasingly turning to free leisure activities. Sports coaches say that since autumn, more people have been turning up for free events, with some classes filling up within an hour. Traditionally, Lithuanian museums invite visitors to see their exhibitions for free on the last Sunday of every month. Since the end…
Georgian finance minister Lasha Khutsishvili on November 7 said the country’s partnership with the International Monetary Fund was “particularly important” in light of “current challenges” created by the conflict in Ukraine. Khutsishvili made the remark at a press briefing with James John, the head of the IMF team, who summarised the fund mission’s visit to…
The Cabinet of Ministers will direct almost 90% of all taxes and fees paid by citizens and businesses next year to the Army and security needs. The budget deficit is planned to be closed thanks to the support of international partners. Prime Minister Denys Shmyhal announced this on Facebook, summarizing the Government’s work for the…
Chairman of the Verkhovna Rada of Ukraine, Ruslan Stefanchuk, said that the parliament adopted the wartime state budget, in which the lion’s share of expenditures was allocated for defense. “We are aware that this is a great responsibility, which is primarily related to war. And the budget that’s been adopted is a wartime budget. But…