A total of 50 Ukrainian enterprises have already been relocated to western Ukraine as part of the business relocation program, as they have lost an opportunity to operate in certain regions due to the war. The relevant statement was made by the Servant of the People Party Leader, Servant of the People Faction Deputy Head…
The geopolitical instability that came about after Russia’s invasion of Ukraine may reduce the volume of private investments in Latvia, says governor of the Bank of Latvia Martins Kazaks. “The geopolitical background in certain cases may reduce the plans of the private sector to invest, because insecurity and uncertainty can, in some cases, have a…
In February, the producer price index (PPI) of industrial output, which expresses changes in the producer prices of industrial goods manufactured in Estonia for the domestic market and for export, increased by 0.8% MoM and by 26.3% YoY, Statistics Estonia said on March 21. Eveli Sokman, leading analyst at Statistics Estonia, said that, compared with…
Several dozen Taiwanese officials, businesspeople and scientists started their visit in Lithuania on March 21, as the two countries looked to expand economic cooperation in areas like semiconductors. They are scheduled to meet with Lithuanian business and government representatives and discuss specific locations where joint semiconductor and other companies could be set up in Lithuania,…
The foreign direct investments (FDIs) in Georgia in 2021 amounted to $1.1 billion, up 2-fold YoY, the National Statistics Office (Geostat) reported. In particular, the FDIs in Georgia in the fourth quarter of 2021 amounted to $411.3 million, up by 35.3% QoQ. Meanwhile, the re-investments in total FDIs in Georgia in 2021 amounted to $760.5…
The Government abolished measures of state control and market surveillance during martial law. From now on, both scheduled and unscheduled business inspections are halted. This will ensure the stable operation of enterprises under martial law. At the same time, if there is a threat to human rights, legitimate interests, life and health, protection of the…
Following war in Ukraine, the central Bank of Lithuania will revise the existing growth forecasts for this year, its board chairman Gediminas Simkus has confirmed, adding that new estimates will be released on March 22. Inflation is now being affected by changes in the international environment, the central banker said. Annual inflation in Lithuania reached…