Ukraine: Finance minister holds online meeting with U.S. Deputy Secretary of the Treasury

Minister of Finance of Ukraine Serhiy Marchenko held an online meeting with U.S. Deputy Secretary of the Treasury Wally Adeyemo. “The parties discussed the achievements in the implementation of prudent fiscal policy in Ukraine, which resulted in overfulfillment of the state budget in 2021, ongoing cooperation with the International Monetary Fund, and next steps of…

Latvia: state debt up in 2021

Last year, Latvia’s state debt increased by EUR 2.8 billion or by 22.5%, reaching EUR 15.259 billion, according to data compiled by the State Treasury. At the end of 2021 Latvia’s state debt was EUR 15,258,909,000 and at the end of 2020 it was EUR 12,458,738,000. The state external debt was EUR 12.287 billion at…

Georgia: revenues from tourism to surge in 2022

Georgia’s tourism revenues in 2021 amounted to $1.2 billion, up by 129.8% YoY, according to the tourism recovery review from the Galt & Taggart. The figure decreased by 62.5%, compared to 2019 ($3.2 billion), and accounted for 38.1% of the 2019 level (before the COVID-19 pandemic). Georgia’s revenues from international travel in December 2021 amounted…