In the second quarter of 2021, the number of employed people aged 15-70 increased by 2.6% QoQ, to 15.8 million people, according to the press service of the Ministry of Economy. “According to the results of the second quarter of 2021, there is a positive dynamics in the labor market. Thus, according to the State…
Commercial banks in Georgia lent 40.07 billion GEL and received deposits of 35.41 billion GEL in August, the latest data by the National Bank of Georgia (NBG) showed. The amount of deposits increased by 0.82% MoM, while loans by 1.21%. Last month, the sum of term deposits (deposits made for a predetermined period of time)…
Lithuania’s central bank has decreased its projections for GDP growth in Lithuania next year, citing sanctions against Belarus and decreased consumer spending. The economy is projected to grow by 4.9% in 2021 and by 3.5% in 2022. In June, Lithuanian Bank (Lietuvos Bankas) said the economy would grow by 5.1% in 2021 and by 4.1%…
Every fifth resident in Lithuania lives below the poverty risk line, according to a new report by Lithuania’s National Network of Anti-Poverty Organisations. Figures from Lithuania’s statistics office showed some 585,000 people in the country lived below the poverty risk line in 2020. The poverty risk level stood at 20.9% in the country last year,…
Finance minister Keit Pentus-Rosimannus (Reform) says that the coalition is tackling the issue of budgetary deficit exacerbated, but not solely caused by, the coronavirus pandemic and its economic effects. This was exemplified by a nearly-balanced state budget planned for 2022. “We are now seeing a growth, whereas before the economy had been in a hole,”…
The director of Uzbekistan’s Anti-Corruption Agency Akmal Burkhanov announced the statistics of detected corruption crimes for the past year and the first half of 2021, committed by officials of various levels. According to him, a total of 1,723 officials were brought to criminal responsibility in 2020. The damage from corruption amounted to $46.8 million, 71%…
Georgian Prime Minister Irakli Garibashvili and his counterpart Kyriakos Mitsotakis have discussed the future prospects of Georgian-Greek cooperation and the deepening of the bilateral trade-economic ties on the sidelines of the United Nations General Assembly (UNGA) 76th session in New York. Garibashvili thanked PM Mitsotakis for his support of Georgia’s territorial integrity and sovereignty, as…