Small- and medium-sized entrepreneurs will be able to easier access loans provided by commercial banks partners of the Organization for Small- and Medium-sized Enterprises Sector Development (ODIMM), the government’s communication and protocol department has reported. The Cabinet has approved amendments to the Law No. 179/2016 on small- and medium-sized enterprises, which will allow simplifying the…
A US-Georgia free trade agreement (FTA) would have a net positive effect for both countries, Georgian Foreign Minister David Zalkaliani told Brock Bierman, an opinion contributor for the American newspaper The Hill. Bierman has recently published an article entitled “Give Georgia a free trade agreement”, in which he has called for considering building “resilience in…
The trade turnover between Georgia and Uzbekistan in January totaled $11.1 million, up by 101.8% YoY, the National Statistics Office (Geostat) reported. In particular, Georgia’s imports from Uzbekistan amounted to $2.6 million, up by 179.6%. Georgia’s exports to Uzbekistan in January 2022 amounted to $8.5 million, up by 86.8%. According to Geostat, Uzbekistan ranked 10…
The World Bank has approved an additional support package for Ukraine of more than $700 million. The World Bank’s Board of Executive Directors approved over $489 million of the Development Policy Loan, called Financing of Recovery from Economic Emergency in Ukraine (FREE Ukraine) between Ukraine and the International Bank for Reconstruction and Development. In particular,…
The government has approved the increase in the quantum of minimally guaranteed salary in the real sector up to 3,500 lei from April 1. The decision was taken following consultations with social partners, at the tripartite dialogue on the platform of the National Commission for Collective Consultations and Negotiations (CNCNC). According to the government’s communication…
The Lithuanian government may delay presenting a planned tax reform and, even if the bill reaches the parliament during its spring session, implementing the changes may be pushed back until a much later date. Prime Minister Ingrida Simonyte said that she basically agreed that “such issues must be discussed rationally and pragmatically, considering the evolving…
Tourism rose by 64% YoY in January, state agency Statistics Estonia reports. Tourist numbers rose both for foreign tourists, exiting the Covid pandemic, and domestic travelers, with Latvia providing more visitors than any other country. Over 158,000 tourists stayed in hotels, hostels, guest houses and other accommodation establishments in January, the agency reported. While the…