Amid rising inflation, the economies of Lithuania and other countries in the world may grow slower than earlier thought, according to the latest assessment by the International Monetary Fund (IMF). The IMF expects Lithuania’s GDP to grow by 1.8% this year and by 1.1% in 2023. While the forecast for 2022 remains unchanged from the…
The Georgian government on October 10 held a meeting led by prime minister Irakli Garibashvili to discuss a range of topics, including approval of the 2022-2028 strategy for the development of the capital market of Georgia and the related action plan. The government administration said the strategy would contribute to the “uniformity of the country’s…
On October 3-9, the Customs Service collected over 829.6 million lei (about 41.4 million euros) to the state budget, up by 16.4% YoY. According to the Customs Service, private people brought goods with value in customs exceeding the non-taxable limit, and payments amounting to over 18.8 million lei were collected, which represented 2.3% of the…
Ukrainian Foreign Minister Dmytro Kuleba has opened a business forum with the participation of about 20 Ukrainian and Ghanaian companies as part of his visit to Ghana. The companies participating in the forum represented the fields of metallurgy, mechanical engineering, pharmaceuticals, agriculture, food and beverage production, construction, renewable energy and IT services. “During the negotiations…
Current figures confirm a gradual slowing of Poland’s economy, the head of the Polish central bank said on October 6. Adam Glapinski said the economic slowdown would be a global phenomenon, but noted that declining economic growth might help curb inflation. He added that the main reason for the slowdown was the war in Ukraine,…
On October 7, the Lithuanian government approved the 2023 state budget bill and it would be put before the country’s parliament, the Seimas, this week. State budget revenue will grow by 3.4% next year, to 15.62 billion euros, including EU funds. Expenditure is projected to go up by 6.1%, to 18.61 billion euros. The projected…
The turbulence buffeting sectors such as the energy market, which has helped drive up in inflation in Poland, appears to be abating, the head of the Polish central bank said on October 6. Turmoil on the world energy market caused by the Ukraine war and a global scramble for non-Russian sources of oil and gas…