Lithuania may face economic stagnation, which would be a major blow to the fast-growing economy, President Gitanas Nauseda has warned. “We could face economic stagnation, if not a recession,” he said, adding that this “would deal a significant blow to Lithuania, which is used to a fairly fast economic growth”. The economic situation is changing…
The Ministry of Economy has prepared a preliminary version of the forecast of macroeconomic indicators. According to preliminary projections, Moldova’s economy will grow by 0.3% in 2022. According to the ministry, the accelerated rise in foreign prices, the war near the border with the Republic of Moldova, the difficulties in international supply chains, which will…
Georgia’s gross external debt reached $21.8 billion as of December 31, 2021, accounting for 116.8% of its 2021 annual gross domestic product (GDP), the National bank of Georgia (NBG) announced. In the fourth quarter of 2021, the gross external debt of Georgia increased by $775.7 million. In the public sector, the external debt was $10.7…
The Verkhovna Rada of Ukraine has developed a draft bill on compensation for the housing lost by Ukrainians due to hostilities. The relevant statement was made by Servant of the People Faction Head Olena Shuliak on Telegram. “The state is preparing to provide compensation to the Ukrainians, whose housing has been damaged or destroyed during…
This February, the turnover of retail trade enterprises stood at EUR 683 million. Compared with February 2021, turnover increased by 4% at constant prices, Statistics Estonia said on March 30. On-year growth in turnover was 8% in January, but slowed down in February, Statistics Estonia analyst Johanna Linda Pihlak said according to a press release.…
The Georgian Parliament approved a bill on Consumer Protection in a third reading with a total of 79 votes on March 29. The newly adopted bill establishes rules for consumer protection and prohibits “unfair commercial practices” that violate the values of “trust and good faith”. Nino Iobashvili, the Deputy Chair of the Parliament’s Committee on…
On March 29, Latvia’s government approved the gradual increase of the defense budget to 2.5% of GDP in the next three years. The passed amendments to the Law on Financing National Defense provide for increasing the defense budget to no less than 2.25% of GDP in 2023. In 2024, the defense budget is planned to…