Georgia will allocate 1 million GEL ($315,457 or EUR 279,842) from the government’s reserve fund to assist the Ukrainian people affected by Russia’s ongoing military invasion. The relevant decree has been signed by Prime Minister Irakli Garibashvili, the government’s administration reports. The allocated money will be given to the Ministry of Internally Displaced Persons, Labour,…
People in Lithuania have already donated almost 2 million euros to Blue/Yellow, a non-governmental organization supporting the Ukrainian army, its head Jonas Ohman has said. “2 million euros – I am gobsmacked. What can I say? I have no words. I am gobsmacked, happy and determined. We are now starting to distribute resources differently than…
Several companies in the country, tourist complexes, wineries, mobile phone operators, Railway etc. have expressed their solidarity with the people of Ukraine, who have been under Russian invasion, and are either hosting Ukrainian refugees or providing other aid. Thus, Purcari Wineries, MIMI, Costesti Complex announced among the first that they would host refugees who came…
The central bank of Lithuania says more money is being withdrawn from ATMs in the country, likely in reaction to Russia launching a military operation against Ukraine on February 24. “As geopolitical tensions rise in the region, cash demand in Lithuania has increased slightly. We would like to underline, however, that money circulation in Lithuania…
Georgian experts forecast the inflation rate in Georgia to begin to “decline significantly” from March to April, Prime Minister said on February 23, adding a reduction in inflation was already observed in the final months of 2021. Garibashvili elaborated on causes of the high inflation rate in the country, naming the global pandemic as the…
The Lithuanian fintech company Paysera has halted transfers to and from Russia. The decision was made in solidarity with Ukraine and to reduce risks from the Russian market. The company will no longer process transactions in Russian rubles, close its Russian clients’ accounts and restrict money transfers to and from Russian and Belarusian banks, it…
The Government prolongs active cooperation with the International Monetary Fund, the Prime Minister Denys Shmyhal announced during a Government meeting on February 23. “We welcome the start of another mission of the International Monetary Fund. Economically resilient and stable Ukraine is one of our main long-term responses to the aggressor’s actions,” stressed Denys Shmyhal. The…