63% of domestic startups are focused on the market of the entire Ukraine, 24% – on the local market and 12% of newly created companies – on the foreign market. Such data from research by the Polish-Ukrainian Startup Bridge program on the Ukrainian startup industry were announced by Yaroslav Khariy, the program’s partner in Ukraine,…
On January 19, Lithuanian President Gitanas Nauseda said he was ready to initiate support measures for firms affected by China’s sanctions. “We talked about tax policy changes that would help businesses in the current situation: possible amendments to the corporate tax system,” Nauseda told reporters, adding that his office “is ready to initiate such measures…
Estonia’s hoteliers and caterers are searching for at least 1,500 workers before the start of this year’s summer season. These sectors were the most affected by coronavirus restrictions with many businesses making staff redundant. There are currently more than 700 job offers in hospitality on the website CV Keskus, marketing manager Henry Auvaart has said,…
Georgia has retained its macroeconomic stability in the region in the post-COVID-19 pandemic period, the Minister of Economy and Sustainable Development of Georgia Natia Turnava has said. Georgia’s economic growth is high, and the macroeconomic policy in the country is predictable, while the exchange rate of the Georgian lari remains stable. According to the minister,…
Lithuania’s third-biggest city Klaipeda expects significant job losses once the country stops the transit of Belarusian fertilizers, although the “worst-case scenario” can be avoided. Last week, the government terminated a contract between the state-owned railway company Lietuvos Gelezinkeliai (Lithuanian Railways, LTG) and the Belarusian potash giant Belaruskali, which exported around 11 million tons of fertilizers…
On January 17, Lithuanian Economy and Innovation Minister Ausrine Armonaite said the country was concerned about foreign investors changing plans due to China’s pressure. “We have no further information about companies changing their plans. There is concern, and everybody hopes that the situation will de-escalate and will be resolved, which is what we expect as…
Revenues of local budgets in 2022 are projected at UAH 437 billion, an increase of UAH 87 billion compared to the previous year. “If we talk about the state support, which is currently stipulated in the state budget, then we project about UAH 437 billion in revenues of local budgets in 2022, showing an increase…