The International Monetary Fund has approved a three-year $280-million Stand-By Arrangement for Georgia aimed at financial resilience and growth. The programme focuses on rebuilding fiscal buffers, strengthening fiscal frameworks, reducing external vulnerabilities and inflation, maintaining financial sector resilience and fostering stronger and more inclusive growth for the country. The Executive Board of the IMF decided…
If budget distribution does not prove enough to support residents and compensate inflation growth, the state may borrow money from foreign exchange markets, says Latvian Prime Minister Krisjanis Karins after meeting with President Egils Levits on June 15. The PM said he previously issued an order to the Ministry of Welfare to work with other…
Raising the income tax-free threshold to EUR 800 per month, from its current level of EUR 500, is the best way to combat high levels of inflation in Estonia, Social Democratic Party (SDE) deputy chairwoman Riina Sikkut says, adding that such a policy is a central goal for the part in its ongoing coalition discussions…
Lithuania’s Interior Ministry has proposed to develop a new crisis management model, which would involve a crisis management centre to monitor threats and make preparations for emergency situations. The government on June 15 approved draft legislative amendments to make that happen. According to the ministry, the National Crisis Management Centre (NKVC) would operate as a…
Lithuanian businesses that have suffered difficulties due to China’s sanctions can now apply for working capital loans, the Economy Ministry has announced. A stimulus financial facility prepared by the Economy and Innovation Ministry was launched on June 15, allowing businesses that suffered from China’s actions to receive loans of up to EUR 5 million, and…
41.2% of 820.5 thousand employed persons aged 25 and over in Latvia had higher education at the beginning of 2021. Since the Population and Housing Census 2011 the indicator has gone up by 5.2%. Last year, one fourth (24.7%) of the employed persons had acquired master’s degree, 12.7% had bachelor’s degree, 3.1% college education and…
Prices of consumer goods and services (Consumer Price Index, CPI) increased by 13.9% YoY and by 1.7% MoM in May, the Central Statistical Office (GUS) reported on June 15. GUS thus confirmed its earlier flash estimate for both annual and monthly CPI readings in May. In April, the prices of consumer goods and services increased…