The estimated real Gross Domestic Product (GDP) of Georgia increased by 18% YoY in January, the latest data from the National Statistics Office of Georgia (Geostat) showed. The agency also released a breakdown of the highest real GDP growth by sectors, with the most increase observed in: manufacturing, transportation and storage, electricity, gas, steam and…
On February 28, the Lithuanian government is set to approve medical and military assistance to Ukraine, worth around 4 million euros, to fight the ongoing Russian invasion. The support will come from the state reserve and the health ministry reserve. It will include medication, facemasks, surgical kits, bandages, surgery gowns, various kits to stop bleeding…
Georgian lari exchange rate fluctuations have already been observed, and, more likely, will continue, Papuna Lezhava, the Vice President of the National Bank of Georgia (NBG), has said. According to Lezhava, the NBG has sufficient, adequate reserves to ensure the efficient functioning of the foreign exchange market. “Despite the use of up to $1 billion…
The Ministry of Economy of Ukraine called on leading global IT companies to freeze all transactions and agreements with Russia and stop providing any services to the aggressor country. As the press service of the Ministry of Economy reports, Ukraine needs such support to stop information and technological attacks by the Russian Federation. “Russia needs…
Georgia will allocate 1 million GEL ($315,457 or EUR 279,842) from the government’s reserve fund to assist the Ukrainian people affected by Russia’s ongoing military invasion. The relevant decree has been signed by Prime Minister Irakli Garibashvili, the government’s administration reports. The allocated money will be given to the Ministry of Internally Displaced Persons, Labour,…
People in Lithuania have already donated almost 2 million euros to Blue/Yellow, a non-governmental organization supporting the Ukrainian army, its head Jonas Ohman has said. “2 million euros – I am gobsmacked. What can I say? I have no words. I am gobsmacked, happy and determined. We are now starting to distribute resources differently than…
Several companies in the country, tourist complexes, wineries, mobile phone operators, Railway etc. have expressed their solidarity with the people of Ukraine, who have been under Russian invasion, and are either hosting Ukrainian refugees or providing other aid. Thus, Purcari Wineries, MIMI, Costesti Complex announced among the first that they would host refugees who came…