Archil Mestvirishvili, the Acting President and Vice President of the National Bank of Georgia, on May 24 said evaluations of Georgia’s investment environment by international rating agencies boosted investors’ and foreign organisations’ confidence in the domestic economy. Mestvirishvili said the ratings had a positive impact on the country’s business environment, and added the rankings for…
The state budget could be rectified. The announcement was made today by Prime Minister Dorin Recean at a Cabinet meeting on May 24. Government’s task is to free up more budget space so that money can be allocated to the economy, infrastructure and increasing the population’s income. “The correction we are starting today must bring…
Under the Affordable Loans at 5-7-9 programme, UAH 109 billion in loans have been issued during the full-scale war, including UAH 1.5 billion over the past week, Prime Minister Denys Shmyhal has said. However, under the portfolio guarantee programme, loans worth almost UAH 4 billion were disbursed in April alone. “Grants within the eRobota framework…
After the war, Ukraine is to be rebuilt mainly at the expense of private capital. And the development of the Ukrainian economy will be driven by stimulating small and medium-sized businesses. This was stated by Yuliia Svyrydenko, First Deputy Prime Minister and Minister of Economy of Ukraine, during a meeting with the Latvian delegation headed…
Economic relations between Georgia and Qatar and investment opportunities were discussed on May 23 in a meeting between the Georgian Prime Minister Irakli Garibashvili and Sheikh Tamim bin Hamad bin Khalifa Al Thani, the Emir of Qatar. The officials highlighted the dynamics of existing “productive cooperation” and pointed out the importance of deepening economic relations…
The vast majority of Polish firms now employ Ukrainians, according to a new research. The survey carried out by the Gremi Personal analytical centre found that 80% of firms now had Ukrainians on their books, while in one-third of the firms Ukrainians now accounted for 10-20% of staff. Ukrainians occupy both highly qualified and low-qualified…
Since the start of the Affordable Loans at 5-7-9% State Programme, business entities have received 61,992 loans from authorised banks totalling UAH 198.62 billion, of which 41,014 from public sector banks totalling UAH 85.48 billion (as of May 22). Over the past week, 360 concessional loans totalling UAH 1.5 billion were issued under the programme,…