The Polish government will offer a special support package to at least several hundred firms with high energy consumption, Mateusz Morawiecki, the Polish prime minister, has announced. “We want to cover up to about a thousand companies with the package of aid measures for the energy-intensive sector, certainly 800-900 firms that are most affected by…
Georgian Prime Minister Irakli Garibashvili and Ahmed Ali Al Sayegh, the State Minister of the United Arab Emirates for Economy and Trade, on September 13 announced talks on a free trade agreement between the two countries following their meeting in Tbilisi. The talks are starting this month in a bid to improve the current trade…
Lithuania will open its representative office in Taiwan “as soon as we are ready”, Deputy Economy Minister Karolis Zemaitis, who is currently visiting the island, has said. The previous plan was to open the office on September 12. Vilnius’ representative to Taiwan, Paulius Lukauskas, “arrived last week and is only a few days out of…
Ukraine may save about $5.9 billion within a year, as investors have agreed to reschedule its external debt service payments until 2024. The relevant statement was made by the Ukrainian Finance Ministry. In August, investors supported Ukraine’s proposal to change the terms of issuance and placement of the state financial instruments. Three-week negotiations with holders…
The Lithuanian Finance Ministry has kept the country’s annual GDP growth forecast for 2022 unchanged at 1.6% despite slower growth in the second half of the year. The ministry has also revised its GDP growth forecast for 2023 to 1.4%, down from its earlier estimate of 2.1%, according to the latest macroeconomic projections published on…
Georgian Prime Minister Irakli Garibashvili on September 12 announced amendments to the country’s budget bill to reduce its foreign debt to 40% of the gross domestic product, and budget deficit to 3.2% of the GDP, crediting the “unprecedented, double-digit” economic growth for enabling the moves. Speaking during the cabinet meeting, the Government head said the…
Lithuania is set to open its trade office in Taiwan this week, the South China Morning Post has reported. The move is likely to cause additional friction with Beijing, which has downgraded diplomatic ties with Lithuania and imposed economic sanctions after the Taiwanese representative office opened in Vilnius last year. China considers Taiwan part of…