The initial Labour Ministry reading showed that the rate of unemployment was at 4.9% in August, unchanged from the previous month, Marlena Malag, the minister of labour, said. If the rate is confirmed by the country’s stats office, it would mean that unemployment has remained the same for three months. “In August, the level of…
Since August, small and medium-sized enterprises can benefit from non-refundable financial support worth up to 2 million lei (about 100 thousand euros) from the Organization for Entrepreneurship Development (ODA). According to the government’s communication and protocol department, the money is given to replace equipment and reduce production costs, so that companies can become more competitive…
Levan Davitashvili, the Georgian Minister of Economy and Sustainable Development, and Zurab Pololikashvili, the Secretary General of the United Nations World Tourism Organisation, have praised the dynamics of the recovery of the Georgian tourism sector to the pre-pandemic period, noting tourism income of the country as the highest in the South Caucasus region. At a…
Polish retail sales went up by 7.6% YoY in July after a 7.9% increase in June, Eurostat, the EU’s statistics agency, reported on September 5. Month on month, retail sales went up by 1.5%, the agency also said. Eurostat annual growth figures are work-day adjusted, while the monthly growth figures are also seasonally adjusted. Eurostat…
The exchange programme of the Ukrainian national currency, the hryvnia, for Polish zlotys, launched by the National Bank of Poland (NBP) in cooperation with the National Bank of Ukraine, ends on September 9, the central bank has reported. Ukrainians who fled to Poland initially had trouble exchanging money with exchange offices either not accepting the…
Ukrainian Prime Minister Denys Shmyhal expects that Ukraine will receive EUR 5 billion in macro-financial assistance from the EU this week. He discussed with German partners the issue of receiving another EUR 3 billion in support, as well as providing macro-financial assistance to Ukraine next year. The relevant statement was made by Ukrainian Prime Minister…
The Georgian Government will officially unveil its 2030 development strategy for the country in the coming days after approving the document, Prime Minister Irakli Garibashvili has said while announcing the document involved focus on healthcare, education, strengthening of democracy and other areas. The Government Administration cited Garibashvili as saying the long-term development strategy was based…