The estimated real Gross Domestic Product (GDP) increased by 12% YoY in November 2021 and by 10.7% in January-November 2021, the latest data from the National Statistics Office of Georgia (Geostat) showed. The highest real GDP growth was registered in the following sectors: manufacturing, transportation and storage, arts, entertainment and recreation, trade, hotels and restaurants,…
In November 2021, the turnover of retail trade enterprises was 808 million euros, data from Statistics Estonia showed. Compared to November 2020, turnover increased by 14% at constant prices. Johanna Linda Pihlak, analyst at Statistics Estonia, said turnover increased in grocery stores, in stores selling manufactured goods as well as in enterprises engaged in the…
Foreign investors have approached the Lithuanian government about pressure they receive from China, Economy Minister Ausrine Armonaite has said. “We have received an appeal from an association of German businesses, addressed to the foreign minister and myself. We are in regular and direct contact with investors. These concerns were expressed to us some time ago,”…
In 2021, the Criminal Police Department for Suppressing Money Laundering uncovered 107 economic and corruption-related crimes, the Interior Ministry’s press service reported. “Of these, 25 materials have been sent to court, more than 90 cases are being investigated, 14 citizens are under arrest and 21 people have been handed notices of suspicion of committing a…
The Cabinet of Ministers has approved the strategy for reforming the public finance management system for 2022-2025, the Finance Ministry’s press service has reported. “An order “On the approval of the strategy for reforming the public finance management system for 2022-2025″ was adopted at a government meeting on December 29, 2021. The Finance Ministry drew…
In November, the average nominal salary in Ukraine stood at UAH 14,300, up 2.4-fold from the minimum wage. It increased by 19.2% against November 2020, while real wages were up by 8%. Compared to October, the average salary in November rose by 1.7%, the Ministry of Economy reported. “Despite the introduction of additional quarantine restrictions…
Georgia and the United Arab Emirates (UAE) signed an agreement on starting free trade negotiation during Dubai Expo 2020, the Economy Ministry reported. Minister of Economy Natia Turnava has stated that free trade with the UAE will boost Georgian exports to that country and region. “I was on an official visit to Dubai three months…