Ukraine: 27,776 concessional loans worth UAH 112 billion issued under Affordable Loans at 5-7-9% State Programme

Since the start of the Affordable Loans at 5-7-9% State Programme, business entities have received 62,598 loans from authorised banks totalling UAH 201.45 billion, of which 41,517 from public sector banks totalling UAH 87.63 billion (as of 29.05.2023). Over the past week, 606 concessional loans totalling UAH 2.8 billion were issued under the programme, including…

Georgia: Economy Minister highlights role of economy in achieving “real independence” on national day

Georgian Economy Minister Levan Davitashvili on May 26 congratulated citizens with Independence Day by saying “true independence” could only be achieved through ensuring a strong economic basis for the state. Davitashvili highlighted the importance of the date and said he wished the nation “true freedom and prosperity” alongside “formal and legal independence”. “Much remains to…

Ukraine: government allocates UAH 588 million for seven regions to implement reconstruction projects

The Cabinet of Ministers of Ukraine is allocating UAH 588 million for the budgets in the Dnipropetrovsk, Donetsk, Zaporizhzhia, Kyiv, Odesa, Poltava and Kharkiv regions to implement reconstruction projects this year. The relevant statement was made by Ukrainian Prime Minister Denys Shmyhal at a meeting of the Ukrainian government. “Today we have endorsed a decision…

Georgia: international ratings boost investor confidence

Archil Mestvirishvili, the Acting President and Vice President of the National Bank of Georgia, on May 24 said evaluations of Georgia’s investment environment by international rating agencies boosted investors’ and foreign organisations’ confidence in the domestic economy. Mestvirishvili said the ratings had a positive impact on the country’s business environment, and added the rankings for…