The government earmarked 6 million euros for Lithuanian businesses affected by China’s restrictions. Finance Minister Gintare Skaiste said the money would help businesses boost their competitiveness and diversify markets. “Given the geopolitical tensions and the problems businesses are facing in China today, especially exporting businesses, we propose to provide 6 million euros from the European…
In 2021, Ukraine has received almost $2.5 billion from international financial organizations. “In 2021, we have continued to actively cooperate with international financial organizations and this year Ukraine received significant support from international partners, which shows confidence in Ukrainian institutions. In total, Ukraine has received almost $2.5 billion from the IMF, European Union, World Bank,…
Lithuanian Economy Minister Ausrine Armonaite said she had no information on investors leaving Lithuania because of its soured relations with China. “We have information on investors’ concerns, but no investor has left Lithuania or has real plans to do so in the near future,” Armonaite said during the Government Hour in the Lithuanian parliament on…
Tartu’s city government has approved a EUR 212.8-million budget for 2022. Education features prominently, while Estonia’s second city is also seeing investment in infrastructure and in preparations for its stint as European culture capital in 2024. The budget is slightly down on 2021’s figure of EUR 215 million. Total investments come to EUR 33.6 million,…
In the period from January to November, Uzbekistan’s foreign trade turnover (FTO) reached $37.9 billion. Compared to last year, it increased by $4.9 billion (15%), the press service of the State Statistics Committee reported. According to the Committee, exports amounted to $15.4 billion (8.9%) and imports – 22.4 billion (19.7%). At the same time, the…
Latvia, like Estonia, will lift the restrictions imposed on open hours for service providers and events for New Year’s night, as confirmed by the government. Amendments passed by the government to the order on the declaration of a state of emergency state that stores located in shopping malls will be able to open up for…
Bank of Estonia governor Madis Muller said the tourism sector was set to be hit with a labor shortage as it began to recover from the coronavirus crisis. “The sectors related to tourism, hotels and entertainment are where the number of jobs has drastically decreased. These people have already found new jobs somewhere else. As…