Georgia exported locally produced goods worth $331.3 million in January, up by 47.6% YoY, the preliminary data from the National Statistics Office of Georgia (Geostat) showed. Geostat said local exports in the country had accounted for 69.9% of total exports in the reporting period, amounting to $231.5 million, up by 39.1%. Georgia’s top trading partners…
The Verkhovna Rada of Ukraine passed a law on the legal regulation of virtual assets, taking into account the proposals of President Volodymyr Zelensky. The relevant bill (No. 3637) was approved by a total of 272 MPs. The document defines the legal regime of virtual assets, market participants of virtual assets, their rights and obligations,…
The unemployment rate in Georgia decreased by 1.4% YoY in the fourth quarter of 2021, amounting to 19%, the National Statistics Office of Georgia (Geostat) announced. In urban areas, the unemployment rate reduced by 2.1% and in rural areas by 0.2%. The economic activity rate, or the percentage of the country’s population that is able…
The average interest rate of householders’ term deposits stood at 0.29% in the fourth quarter of 2021, down from 0.9% a year earlier, while average interest rates on consumer loads to householders fell over the same time period, from 19.9% to 17.5%, the Bank of Estonia (Eesti Pank) said. The average interest rate on long-term…
Lithuania has come in second in the Financial Times’ latest ranking of Europe’s financially and economically advanced and entrepreneurial cities. Vilnius was assessed in the general category of medium-size cities as part of the ranking, the Lithuanian capital’s development agency Go Vilnius said. Produced by the Financial Times’ investment arm fDi Intelligence, the European Cities…
The United Kingdom steps up funding for projects in support of Ukraine and its energy independence up to GBP 100 million. “When the Prime Minister visited Kyiv earlier this month, he announced the allocation of GBP 88 million to support Ukrainian democracy and energy independence. Today, I can announce the next component of our support:…
In October-December 2021, the amount of hryvnia funds of individuals in banks increased by 8.1% QoQ and by 15.3% YoY. This is said in the Banking Sector Review published on the website of the National Bank of Ukraine (NBU). The largest increase was recorded in private and foreign banks: by 41% YoY and by 22.4%,…