Georgian external trade turnover amounted to $1.1 billion in January, up by 41.1% YoY, latest data from the National Statistics Office of Georgia (Geostat) showed. The value of exports grew by 47.6% and equaled $331.3 million in the period, while imports also increased by 38.5%, reaching $778.1 million. Trade deficit, a measure of the negative…
Energy price hikes, the continuing pandemic and geopolitical tensions did not seem to affect Lithuania’s exports growth in 2021. Statistical data analysis by Enterprise Lithuania, the government’s business promotion agency, showed that the country’s goods exports grew by 20.5% YoY. Export growth rates remained similar throughout the year. The most significant growth was recorded in…
The International Monetary Fund is monitoring the situation in Ukraine and is planning to send the next review mission under the Stand-By Arrangement for Ukraine in the first quarter of 2022. Gerry Rice, Director of the IMF’s Communications Department and IMF Spokesman, said this at a briefing in Washington. “The board approved in November 2021…
Georgia and the UK assessed Georgia’s investment potential and business opportunities. The issue was discussed at the meeting between the Head of the London Chamber of Commerce Richard Burge and the MPs of the Georgian Parliament on their official visit to the UK. According to Nikoloz Samkharadze, a member of the delegation and the Chairman…
It is expected for inflation in Latvia to remain at 7.5-8% throughout the entire first half-year of 2022. This will be dictated mostly due to the energy and food product price climb, as reported by the Ministry of Finance. In the second half of the year, inflation will gradually decrease, the ministry predicts. The latest…
Inflation rate in Georgia will remain double digit in the beginning of 2022 before decreasing sharply in March, the Renaissance Capital investment bank reports. Meanwhile, inflation rate in Georgia in December 2021 increased by more than 11% YoY, to 13.9%. Renaissance Capital considers the tightening of monetary policy by the National Bank of Georgia was…
As part of a new strategy for cooperation, Sweden will allocate EUR 22 million to Ukraine annually within the next seven years. Minister for International Development Cooperation of Sweden Matilda Ernkrans announced this at a briefing following the meeting with Ukrainian Deputy Prime Minister – Minister for Reintegration of the Temporarily Occupied Territories, Iryna Vereshchuk…