Georgia has exported locally produced goods worth $4.2 billion in 2021, up by 26.9% YoY, the preliminary data from the National Statistics Office of Georgia (Geostat) showed. Geostat says local exports in the country account for 73.7% of total exports, amounting to $3.1 billion, up by 29.9%. Georgia’s top trading partners were: China – $580.9…
The diplomatic spat between Vilnius and Beijing over Lithuania’s ties with Taiwan is hurting the country’s tech industry. Sector representatives say that unless the situation changes, firms may need to relocate elsewhere. “The situation has finally become clear. The foreign minister has said quite bluntly that the situation with China and the European Union will…
The Embassy of the Republic of Korea in Ukraine expressed interest in the Ukrainian-Korean cooperation in the field of space exploration and agreed to continue the partnership with the State Space Agency of Ukraine (SSAU). This was discussed during a meeting between SSAU Head Volodymyr Taftai and the delegation of the Embassy of the Republic…
63% of domestic startups are focused on the market of the entire Ukraine, 24% – on the local market and 12% of newly created companies – on the foreign market. Such data from research by the Polish-Ukrainian Startup Bridge program on the Ukrainian startup industry were announced by Yaroslav Khariy, the program’s partner in Ukraine,…
On January 19, Lithuanian President Gitanas Nauseda said he was ready to initiate support measures for firms affected by China’s sanctions. “We talked about tax policy changes that would help businesses in the current situation: possible amendments to the corporate tax system,” Nauseda told reporters, adding that his office “is ready to initiate such measures…
Estonia’s hoteliers and caterers are searching for at least 1,500 workers before the start of this year’s summer season. These sectors were the most affected by coronavirus restrictions with many businesses making staff redundant. There are currently more than 700 job offers in hospitality on the website CV Keskus, marketing manager Henry Auvaart has said,…
Georgia has retained its macroeconomic stability in the region in the post-COVID-19 pandemic period, the Minister of Economy and Sustainable Development of Georgia Natia Turnava has said. Georgia’s economic growth is high, and the macroeconomic policy in the country is predictable, while the exchange rate of the Georgian lari remains stable. According to the minister,…