The trends and dynamics of the economic growth, exports and tourism in Georgia were at the top of the agenda of a meeting between Georgian Prime Minister Irakli Garibashvili and chairpersons of the Business Association and Georgian banks on March 8. Garibashvili highlighted the “positive economic trends”, naming the country’s 18% growth in January and…
A part of people fleeing the war in Ukraine have already found work in Estonia. While hundreds of wanted ads have been posted, employers want the chance to hire refugees on the same grounds as permanent residents. That said, refugees are expected to do different things than people who have come to work in Estonia…
As Lithuanian companies are severing ties with Russia, out of solidarity with Ukraine or for pragmatic considerations, the effects will be felt by some sectors more than by others. A slew of international brands have announced they are stopping business in Russia following Pootin’s invasion of Ukraine. Sweden’s Ikea and H&M, Apple, Denmark’s Maersk, Germany’s…
Following the instructions of President Volodymyr Zelenskyy, the Government has formed a package of decisions to support Ukrainian business during the war. This was stated by Prime Minister Denys Shmyhal in his video address on March 7. “We will exempt from payment of single social contribution (SSC) natural persons-entrepreneurs of the I and II groups…
In February, the consumer price index rose by 12% YoY, data from Statistics Estonia showed. Prices increased by 1.5% compared to January. Viktoria Trasanov, leading analyst at Statistics Estonia, said, compared to February 2021, the consumer price index was affected the most by housing-related price changes, which contributed over a third of the total rise…
The Government has already authorized the responsible ministries to open four accounts with the National Bank, to which funds from individuals, organizations, companies and international financial organizations will be credited. Prime Minister of Ukraine Denys Shmyhal said in a video address on March 6. “We are talking about the Economic Recovery and Transformation Fund, the…
Local women entrepreneurs in the central Georgian city of Gori will exhibit their handmade crafts and other products for sale on International Women’s Day, in an effort to support Ukrainian citizens amid Russia’s ongoing assault on the country. The sale of crafts items will bring together products by 15 women to a marketplace on Merab…