The Georgian economy grew by 10.5% YoY in August and by 10.3% in the first eight months of 2022, the latest data from the National Statistics Office of Georgia showed. The estimated real growth was observed in the following activities: transportation and storage, construction, information and communication, hotels and restaurants and trade. A decline was…
Ukrainian Prime Minister Denys Shmyhal and Executive Vice President of the European Commission Valdis Dombrovskis have discussed expanding cooperation between Ukraine and the European Union and increased bilateral trade. During an online conversation, the parties raised the issue of replacing sanctioned Russian products in the EU with Ukrainian products. In addition, they discussed preparations for…
High electricity bills are pushing many restaurants and cafes in Lithuania to close down, but the government is not planning any relief. The Tabera restaurant in Vilnius is celebrating its 27th anniversary this year. Such longevity in the catering business is rare. However, it is now operating in crisis mode – only three employees are…
The status of the utilization of funds from the reserve fund of the state budget for the liquidation of the consequences of hostilities and the restoration of the infrastructure of populated areas was discussed during a conference call chaired by Prime Minister Denys Shmygal with the heads of regional military administrations. The meeting also gathered…
Ukraine’s state budget cannot cover the restoration of all the facilities destroyed by Russia’s full-scale aggression. Therefore, the Fast Recovery Plan provides for the reconstruction of completely destroyed objects or objects damaged by at least 50% at the expense of foreign donors, Deputy Head of the President’s Office Kyrylo Tymoshenko reports, He noted that the…
The distribution of salary payments by the public authorities might be made through the MPay governmental service of electronic payments. The members of the parliament’s commission for economy, budget and finances have approved the report on the draft on amendment of the law on salary payment and the law on the single system of salary…
A latest report by the national bank of Georgia has said the country’s financial sector is maintaining stability and is lending to the economy “without interruption”. The bank said on September 28 its inquiry had shown a majority of banks had already restored the buffers released during the shock of the Covid-19 pandemic, and were…