Statistics Lithuania has published a summary of key economic indicators for the previous year. In 2021, wages in Lithuania increased, but most of the effect was cancelled out by inflation. Lithuania’s GDP in 2021 was 55.4 billion euros. It increased by 5.1% from the year before. Among sectors that grew the most last year were…
A free trade agreement between Ukraine and Turkey is expected to be signed within days. That’s according to President Volodymyr Zelensky, who spoke at the opening of the seventh session of the Verkhovna Rada on February 1. “We provide guarantees of financial stability for our country. We are preparing to send a strong economic signal…
The Ukrainian economy is stabilizing, and the country’s financial system is under control, President Volodymyr Zelensky has said. He stated this at the opening of the seventh session of the Verkhovna Rada on February 1. “Our economy is stabilizing. Everything is under control in the financial system. Revenues to the budget in January were over-fulfilled…
The National Bank of Ukraine (NBU) recorded a decline in currency demand on the interbank foreign exchange market on January 28, according to a press release issued by the central bank. “On January 28, the demand for currency on the interbank foreign exchange market decreased and the hryvnia strengthened to UAH 28.68 per US dollar.…
The packaging deposit system start working in Latvia on February 1, said Minister of Environment Protection and Regional Development Arturs Toms Pless. He admitted having something akin to Christmas morning anticipation when it comes to this event. “I believe I’ll not be the only one – the whole of Latvia’s society has been waiting for…
Georgia’s trade turnover with Turkey in 2021 amounted to $2.1 billion, up by 40% YoY, the National Statistics Office (Geostat) reported. Thus, Turkey remained the top Georgian trade turnover partner over 2021, followed by Russia ($1.6 billion) and China ($1.4 million). Turkey’s share accounted for 15% of the total foreign trade turnover of Georgia in…
Ukraine currently has enough resources to ensure its macroeconomic and macro-financial stability. “Macroeconomic stability is the foundation for economic growth. At present, we have enough resources to ensure macroeconomic and macro-financial stability. There is over UAH 27 billion on the Treasury Single Account, more than UAH 30 billion on foreign currency accounts. The NBU reserves…