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)
The Council of Europe Development Bank (CEB) will offer Poland a EUR 450-million loan to refinance the country’s current aid for Ukrainian refugees, the Polish Finance Ministry has reported. The loan agreement was signed by the Polish finance minister, Magdalena Rzeczkowska, and CEB governor, Carlo Monticelli, in Warsaw, on June 24. “Poland appreciates the long-lasting…
Lithuanian lawmakers have tightened the existing rules and capped cash settlements between residents and businesses at 5,000 euros, with changes set to come into force in November. Any payments above the cap will only be allowed in a non-cash form. However, cash payments will still be allowed if one party does not have a bank…
The Pension Fund of Ukraine informs that as of June 22 a resource of UAH 45.9 billion has been allocated for pension payments, including UAH 12 billion for the payment of pensions through Ukrposhta JSC and UAH 33.9 billion through authorized banks. Authorized banks credited 100% of the financed amounts to pensioners’ accounts. According to…