Minister of Finance of Ukraine Sergii Marchenko has met online with the financial leaders of the G7 countries, the International Monetary Fund and the World Bank. The parties discussed possible financial instruments of assistance to help strengthen Ukraine’s economic system, including an increase in the amount of support and the facilitation of procedures for the…
The Lithuanian Post (Lietuvos Pastas), Lithuania’s state-owned postal company, and PayPost, its network of financial services, have suspended the service of money transfers to and from Russia and Belarus. It will also suspend commercial, i.e. business customers’ parcel service to those countries on March 2. “We have decided to stop commercial shipments to Russia and…
In 2021, Estonia’s economy grew by 5.2% compared to the pre-pandemic level, data from Statistics Estonia showed. In 2021 as a whole, the economy grew by 8.3%. Compared to 2019, the economy grew by 5.2%, thereby exceeding pre-pandemic levels. The GDP at current prices was EUR 8.7 billion. Robert Muursepp, leading analyst at Statistics Estonia,…
Minister of Finance of Ukraine Serhii Marchenko had a telephone conversation with the Minister of Economy and Finance of Italy Daniele Franco. Serhii Marchenko thanked his Italian counterpart for financial support of Ukraine during the difficult period of Russia’s military aggression. Ukraine received EUR 110 million in grant aid from Italy. “We are very grateful…
The estimated real Gross Domestic Product (GDP) of Georgia increased by 18% YoY in January, the latest data from the National Statistics Office of Georgia (Geostat) showed. The agency also released a breakdown of the highest real GDP growth by sectors, with the most increase observed in: manufacturing, transportation and storage, electricity, gas, steam and…
On February 28, the Lithuanian government is set to approve medical and military assistance to Ukraine, worth around 4 million euros, to fight the ongoing Russian invasion. The support will come from the state reserve and the health ministry reserve. It will include medication, facemasks, surgical kits, bandages, surgery gowns, various kits to stop bleeding…
Georgian lari exchange rate fluctuations have already been observed, and, more likely, will continue, Papuna Lezhava, the Vice President of the National Bank of Georgia (NBG), has said. According to Lezhava, the NBG has sufficient, adequate reserves to ensure the efficient functioning of the foreign exchange market. “Despite the use of up to $1 billion…