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…
The government earmarked 6 million euros for Lithuanian businesses affected by China’s restrictions. Finance Minister Gintare Skaiste said the money would help businesses boost their competitiveness and diversify markets. “Given the geopolitical tensions and the problems businesses are facing in China today, especially exporting businesses, we propose to provide 6 million euros from the European…
In 2021, Ukraine has received almost $2.5 billion from international financial organizations. “In 2021, we have continued to actively cooperate with international financial organizations and this year Ukraine received significant support from international partners, which shows confidence in Ukrainian institutions. In total, Ukraine has received almost $2.5 billion from the IMF, European Union, World Bank,…
Lithuanian Economy Minister Ausrine Armonaite said she had no information on investors leaving Lithuania because of its soured relations with China. “We have information on investors’ concerns, but no investor has left Lithuania or has real plans to do so in the near future,” Armonaite said during the Government Hour in the Lithuanian parliament on…