On January 1, the minimal wage amount in Latvia was the second lowest among 21 members states of the European Union, according to information published by Eurostat. The current minimal wage in Latvia is EUR 500 a month. The only other EU member state in which the minimal wage is lower is Bulgaria, where it…
Ukrainian Foreign Minister Dmytro Kuleba and Danish Prime Minister Mette Frederiksen have discussed the issues of support for Ukraine’s economic and financial stability. The meeting was held as part of an official visit of the Ukrainian Foreign Minister to Copenhagen on January 27. The parties agreed on further participation of Denmark in supporting the reform…
On January 26, Riga City Council adopted the municipality’s new budget, outlining three priorities – social aid, wages and transport infrastructure. The meeting during which the city council reviewed the 2022 budget lasted for more than seven hours. More than five hours were spent discussing the municipal budget. Riga’s budget revenue is planned at EUR…
Commercial banks in Georgia loaned 43.03 billion GEL and received deposits of 37.16 billion GEL in December 2021, the National Bank of Georgia (NBG) said. The volume of loans increased by 1.63 billion GEL (+3.93%) YoY. The number of deposits increased by 1.42 billion GEL (+3.96%) MoM. In December 2021, the sum of term deposits…
Lithuania reported inflation of 11% at the end of last year. However, the peak is yet to come, as prices are expected to increase further in February, according to the SEB bank economist Tadas Povilauskas. In 2021, the average annual inflation was 4.5%. This year, it should reach 7.2%, decreasing to 1.8% in 2023, SEB…
Ukraine is implementing 25 public sector projects worth EUR 5.2 billion in cooperation with the European Investment Bank (EIB), according to the press service of the Finance Ministry. “Currently, the EIB’s project portfolio in the public sector includes 25 projects worth EUR 5.2 billion, three more projects worth EUR 570 million are at the stage…
Continued escalation without military invasion is also part of Russia’s scenario, which has a strong impact on the Ukrainian economy and stability of the banking sector. This was stated by Deputy Prime Minister for European and Euro-Atlantic Integration, Olha Stefanishyna, who spoke on the sidelines of an international symposium dedicated to the Babyn Yar tragedy.…