Unemployed aid benefit may be paid to Latvian residents for a period of four months and its maximum amount will be set at EUR 130, as confirmed by Latvian Welfare Minister’s advisor for communication affairs Janis Zarins. As previously reported, finance minister’s work group for support of entrepreneurs discussed the option of adopting such a…
Minister of Foreign Affairs of Ukraine Dmytro Kuleba and Minister of Foreign Affairs and International Cooperation of the United Arab Emirates His Highness Sheikh Abdullah bin Zayed Al Nahyan agreed on the implementation of joint investment projects in priority areas. A telephone conversation between the two ministers took place on April 16, the press service…
Georgia’s external trade turnover amounted to $2.77 billion in January-March, up by 2.7% YoY, showed preliminary data from the National Statistics Office of Georgia (Geostat). The value of exports decreased by 5.9% and reached $778.2 million, while imports decreased by 1.4%, amounting to $1.99 billion. The trade deficit of Georgia in January-March amounted to $1.23…
The Estonian Association of the Club of Rome, an organization made up of former and current government leaders, bureaucrats, politicians, business leaders and other experts, says that economic recovery in the aftermath of the coronavirus pandemic will create an opportunity to switch to a predominantly circular economy, meaning a system which focuses on the continual…
The World Bank projects Georgian economic growth to slow sharply this year, coming close to 0% in 2020 due to the challenging external environment and impacts of the COVID-19 pandemic. However, the COVID-19 impacts on the Georgian economy “will be partly cushioned by a fiscal stimulus of around 2% of GDP, containing acceleration of capital…
Municipalities in Latvia will have the right to receive state budget loans to increase base capital of municipal companies if their turnover drops more than 50% because of COVID-19 crisis, as provided by amendments supported by the Cabinet of Ministers on April 9. Finance Ministry explains that for municipalities as capital shareholders to support companies…
The National Bank has predicted a rough crisis scenario for Ukraine in case the country fails to seal a new cooperation program with its key lender, the International Monetary Fund. Following a meeting via video link held between the regulator’s leadership and members of the American Chamber of Commerce in Ukraine, the National Bank will…