Standard & Poor’s Global Ratings has increased the economic growth forecast for Georgia from 5% to 8%, revised its outlook from negative to stable and affirmed the country’s long- and short-term foreign and local currency sovereign credit ratings at BB/B, Prime Minister Irakli Garibashvili announced on August 29. Garibashvili said at a Government meeting the…
A large fire broke out on August 25 night at a waste-recycling plant in Kaunas. Firefighters were working overnight to contain the fire and prosecutors launched an investigation into its causes and the extent of the damage. The fire broke out at the site of the waste management company Zalvaris in Palemono Street at around…
The Ministry of Culture and Information Policy of Ukraine and WPP, the world’s leading marketing communications group, have launched the “Advantage Ukraine” project to attract investments to the Ukrainian economy, with the first results expected already in September, Ukraine’s Minister of Culture and Information Policy Oleksandr Tkachenko has said in a Telegram post. On Independence…
Georgian officials met World Bank Group representatives on August 25 to discuss current and future projects, as the parties were marking 30 years of partnership this year, the Ministry of Finance said. The meeting involved Finance Minister Lasha Khutsishvili with Sebastian Molineus, the World Bank Regional Director in the South Caucasus, and Miguel Eduardo Sanchez…
The minimum monthly wage should rise to 800 euros next year, Economy Minister Ausrine Armonaite says. At the same time, the tax-exempt income threshold should go up to 740 euros, she believes, splitting the burden of raising workers’ incomes between the government and employers. “We are basically proposing that the pre-tax minimum monthly wage could…
More than 80% of enterprises have returned to operations in Ukraine, the Prime Minister of Ukraine Denys Shmyhal has said. “Credit, tax and regulatory incentives, along with other point aid, made it possible to sustain our economic front. As a result, more than 80% of enterprises have now returned to work,” the prime minister said.…
The average monthly salary (gross nominal) in 2021 was 8,979.8 lei, up by 13.1% YoY. According to the National Bureau of Statistics, the average monthly salary (nominal net) was 7634.8 lei, up by 15.4%. The number of employees late last year was 739.6 thousand people, up by 0.1%. The highest values of the average gross…