Minister of Finance of Ukraine Serhiy Marchenko held an online meeting with U.S. Deputy Secretary of the Treasury Wally Adeyemo. “The parties discussed the achievements in the implementation of prudent fiscal policy in Ukraine, which resulted in overfulfillment of the state budget in 2021, ongoing cooperation with the International Monetary Fund, and next steps of…
Last year, Latvia’s state debt increased by EUR 2.8 billion or by 22.5%, reaching EUR 15.259 billion, according to data compiled by the State Treasury. At the end of 2021 Latvia’s state debt was EUR 15,258,909,000 and at the end of 2020 it was EUR 12,458,738,000. The state external debt was EUR 12.287 billion at…
Georgia’s tourism revenues in 2021 amounted to $1.2 billion, up by 129.8% YoY, according to the tourism recovery review from the Galt & Taggart. The figure decreased by 62.5%, compared to 2019 ($3.2 billion), and accounted for 38.1% of the 2019 level (before the COVID-19 pandemic). Georgia’s revenues from international travel in December 2021 amounted…
Industrial parks will finally start operating in Ukraine. In the next three years, the state will help build infrastructure for 25 industrial parks, which would attract $2.5 billion in additional investments to Ukraine. “Last week, the necessary documents were sealed, including the procedures for including in and maintaining the register of industrial parks. The inclusion…
Latvia’s Saeima has conceptually supported amendments submitted by deputies of several factions to the Animal Protection Law, providing for severely restricting fur farming from January 1, 2026. Law amendments provide for banning animal husbandry if the purpose of keeping animals is collecting their fur pelts. Saeima member Krista Baumane said during the debates that many…
Latvia’s President Egils Levits urges the Saeima to amend the law so that it is possible to cease providing state budget financing to political parties whose Saeima factions fall apart. Levits’ proposed legislative amendments provide for giving Corruption Prevention and Combating Bureau (KNAB) the authority to make the decision to terminate payment of state budget…
The Bank of Lithuania has calculated the possible impact that China’s unannounced economic sanctions could have on the country’s economy. China’s restrictions on Lithuanian businesses might lead to the country’s GDP growth decreasing by 0.1% to 0.5% in 2022 and by 0.3% to 1.3% next year, according to the Central Bank’s estimates. Based on the…