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…
The central bank of Lithuania says more money is being withdrawn from ATMs in the country, likely in reaction to Russia launching a military operation against Ukraine on February 24. “As geopolitical tensions rise in the region, cash demand in Lithuania has increased slightly. We would like to underline, however, that money circulation in Lithuania…
Georgian experts forecast the inflation rate in Georgia to begin to “decline significantly” from March to April, Prime Minister said on February 23, adding a reduction in inflation was already observed in the final months of 2021. Garibashvili elaborated on causes of the high inflation rate in the country, naming the global pandemic as the…