Ukraine received an additional JPY 65-billion (about $500 million) concessional loan under a loan agreement signed by Finance Minister Sergii Marchenko and President of the Japan International Cooperation Agency Jaika (JICA) Akihiko Tanaka. The funds are directed to the state budget to finance priority social and humanitarian expenditures, healthcare, etc. The loan is provided on…
London is ready to provide another $525 million in guarantees for World Bank lending later this year. The UK government said this in a press release. This lending is covering costs like Ukrainian public sector wages, and the running of schools and hospitals. The new support announced by the UK government brings the total amount…
US Senator Richard Joseph Durbin, currently in Vilnius, has called for no exceptions to the existing EU sanctions for Russia on Kaliningrad transit. Lithuania is imposing EU sanctions, which is “entirely consistent with the American and NATO approach to dealing with Pootin,” he said after accepting the Aleksandras Stulginskis Star award at the Lithuanian parliament.…
Prime Minister Irakli Garibashvili said Georgia experienced a “double-digit” economic growth in the first five months of 2022 despite “world markets crashing” the recessions caused by the Russia-Ukraine war, the Government Administration announced on June 27. Garibashvili called the growth figure “unprecedented” in Europe, adding the Government would “not allow any destructive force” to “hinder”…
Estonian businesses, which depend on goods and raw materials imported from Russia and Belarus, need to understand the risks and find new suppliers, a report by the Riigikogu’s Foresight Center shows. If these imports completely stop it will cost businesses EUR 860 million. The center has been studying the risks posed to Estonia since the…
Ukraine has joined the EU’s LIFE program, under which it will be able to get resources and funding to address the long-term effects of Russian aggression, as well as to restore the environment as a whole. Ukraine’s Environment Minister Ruslan Strilets and EU Commissioner for Environment, Oceans and Fisheries Virginijus Sinkevicius signed a respective document…
Poland’s unemployment rate fell to 5.1% in May from 5.2% April 2022, the Central Statistical Office (GUS) reported. The number of registered unemployed measured 850,200 in May against 878,000 in the previous month, GUS also said. Earlier, the Family and Social Policy Ministry estimated May’s unemployment at 5.1%. (The First News/Business World Magazine)