The Georgian economy grew by 8.8% in September and by 10.2% in the first nine months of 2022 YoY, the latest data from the national statistics office of Georgia showed. In September, the estimated real growth was observed in the following activities: transportation and storage, information and communication, construction, hotels and restaurants and mining and…
Mykhailo Podolyak, adviser to the Head of the President’s Office, calls on the international community to hand over confiscated Russian assets to Ukraine. “Why is there still a discussion of what to do with the confiscated Russian $330 billion and yachts of Pootin’s oligarchs? Destroyed cities and blood of Ukrainian children have to put an…
The central bank governor believes that despite the geopolitical and economic uncertainty, Lithuania’s government should not delay tax reform. According to Gediminas Simkus, the country’s tax system is still an “animal farm” – meaning, messy and conferring unjustified advantages to some – and it is in the state’s interest to put it in order. “In…
A legislative initiative, which provides for the cancellation of the duty-free regime in Moldova, was approved by the Cabinet on October 26. The document sees amendments to the Customs Code and Fiscal Code, in order to promote the principle of fiscal equity through the imposing of taxes on goods sold in Moldova, including at the…
In 2022, the trade turnover between Georgia and Hungary has doubled, which emphasises the “intensified” relations between the two countries in economy, Georgian economy minister Levan Davitashvili has said. Davitashvili said that after the “long term” negotiations, an agreement on the protection of investments was signed between Georgia and Hungary, which would be officially approved…
The new British Prime Minister Rishi Sunak has little experience in international relations. However, his country is an important ally of Ukraine and the Baltic States. Could the region expect continuous British support? In the race for the premiership, Lizz Truss, who stayed in the top post for 45 days, emphasised the importance of the…
russia’s illegal invasion of Ukraine is the main cause of the world crisis. This was emphasized by the Minister of Finance of Ukraine Sergii Marchenko during the discussion “War in Ukraine: Financing the victory”, organized by the Bruegel think tank. The event was attended by representatives of the European Commission, think tanks and economists. During…