The European Bank for Reconstruction and Development has raised its economic growth forecast for Georgia, announcing it is expecting the Georgian economy to grow by 8% this year, “significantly higher” than the previously predicted 3% growth. For next year, the bank’s report Regional Economic Prospect expects this trend to moderate further to 5%, in line…
Poland’s budget deficit is likely to come to PLN 65 billion (EUR 13.5 billion) in 2023 under a budget bill approved by the government on September 28. Piotr Mueller, the government spokesman, said that the bill had been backed by the Cabinet. It will now go to the Sejm, the lower house of the Polish…
A series of European Union-funded labour market studies have identified low qualification of job seekers as one of the main barriers for both employers and those looking for work in Georgia, the EU Delegation to Georgia has said. The research also pointed to insufficient work experience, improper assessment of job seekers’ knowledge and skills, and…
The Cabinet of Ministers of Ukraine sealed a resolution banning the export of goods from Ukraine to Russia. As the press service of the Ministry of Economy of Ukraine informs, the Government adopted the resolution “On the ban on the export of goods from Ukraine to the customs territory of the Russian Federation” at a…
The Lithuanian parliament Seimas on September 27 voted in favour of keeping the current zero VAT rate on district heating for two more heating seasons. The measure, proposed to mitigate a surge in heating bills, is estimated to cost over 110 million euros to the state. The amendments to the Law on Value Added Tax…
Prime Minister Natalia Gavrilita met on September 27 with Japan External Trade Organization (JETRO) Chairman Nobuhiko Sasaki in Tokyo. The parties approached issues on evolution of economic relations between the two states and considered the opportunities to expand commercial activities, noting the importance of strategic investments for the economic growth and the creation of well-paid…
The Polish government, at its September 26 sitting, approved the merger of Poland’s leading oil and gas company PKN Orlen with the country’s natural gas monopolist PGNiG, the government spokesperson said. In late July, the two companies agreed to a merger plan under which PGNiG shareholders would receive 0.0925 new shares in Orlen per one…