In its report published on June 8, the Organisation for Economic Cooperation and Development (OECD) predicted Latvia to experience the most rapid economic growth among Baltic States. OECD predicts Latvia’s GDP may increase by 3.5% this year. Next year Latvia’s economy is expected to grow by 1.6%. The coordinated consumer price index in Latvia, according…
British Ambassador to Ukraine Melinda Simmons has signed a $450-million guarantee out of a $1.5-billion loan from the World Bank to Ukraine. “The UK guaranteed $450 million of a $1.5-billion to Ukraine through a World Bank loan, to support vital public services. The British Ambassador to Ukraine Melinda Simmons signed the guarantee from Kyiv,” the…
In Kyiv region, more than a hundred enterprises were affected by Russian invasion. Forty-four of them were completely destroyed. Oleksiy Kuleba, the head of the Kyiv regional military administration, spoke of this on Telegram. “We are doing everything to restore business operations in the region as soon as possible. After all, both the well-being of…
Georgia’s cooperation with the International Finance Corporation, the ongoing and future financial projects and their impact on the country’s economic development were discussed in a meeting between Levan Davitashvili, the Georgian Economy Minister, and Ivana Fernandes Duarte, the Regional Director of IFC. The meeting focused on the financial support of the IFC for the development…
Lithuania is taking significant steps to bolster oversight within the cryptocurrency sector. According to a draft law prepared by the government, the country plans to ban anonymous accounts and establish more detailed requirements for customer identification, a move that aims to regulate activities related to trading bots and enhance transparency in the digital currency market.…
As many as 209,000 Ukrainians have been employed under a simplified procedure introduced to help them find work, the Polish family and social policy ministry said on June 8. Under a special law, Ukrainian citizens who arrived in Poland after February 24, when Russia invaded their country, can take up employment without the need to…
Poland’s GDP is expected to rise to 4.4% and inflation to peak at 11.1% until the end of this year, the Organisation for Economic Cooperation and Development (OECD) said on June 8 in its latest Economic Outlook report. OECD economists also estimate that next year GDP growth will slow down and inflation will decrease but…