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…
On September 8, a meeting of the Ukrainian part of the Ukrainian-Polish Intergovernmental Commission on Economic Cooperation was held under the chairmanship of Iryna Vereshchuk, Deputy Prime Minister and Minister for Reintegration of the Temporarily Occupied Territories of Ukraine. The parties discussed the main prospective directions of Ukrainian-Polish cooperation within the framework of the preparation…
Lithuania’s economic growth will slow down in the near future, but the country will avoid a recession, Prime Minister Ingrida Simonyte has said. “Considering what I see, what is being projected by those who have already published forecasts, we don’t see a negative territory so far,” she said. “However, the pace of economic growth will…
Grigeo Klaipeda, a Klaipeda-based cardboard producer that is part of the Grigeo Group, has halted production due to soaring energy prices. Gintautas Pangonis, the group’s president, says production at Grigeo Klaipeda has been suspended for a week, possibly two. He attributed the decision to suspend production for around two weeks to high electricity costs. (BNN/Business…