The euro is performing better than expected with annual inflation dropping to 10% in November this year, partly due to energy prices. But experts are not overly optimistic.

Customers have the option of paying for their orders with either Russian or foreign bank cards.

"We have blocked 300 billion euros ($310 billion) of the Russian Central Bank reserves and we have frozen 19 billion euros ($19.6 billion) of Russian oligarchs' money," commission President Ursula von der Leyen said in a statement.

H&M Group thus became the first big European retailer to start layoffs as a result of softening demand since consumers cope with soaring inflation.

Budapest agreed on 17 anti-corruption measures, including the creation of an anti-corruption task force and changes to its public-procurement rules, but the commission believes it has not done enough to fix the problems.

According to the NBG, in the second half of 2023, inflation should first decrease to 5.2%, and by the end of the year, it should decrease to 3.4%.

The President of the National Bank also emphasized the necessity of fiscal consolidation. According to Koba Gvenetadze, reducing the deficit will also have a positive effect on inflation.

Official value of the greenback became 2.7177 GEL.

The GDP contracted 0.1% from the previous quarter on a seasonally and calendar-adjusted basis, data from the TurkStat showed.

He asked the parliament to approve the bill which would completely eliminate a monopoly on the market.

A European embargo on seaborne Russian oil comes into effect on Dec. 5 and the Italian government has been trying to keep the ISAB plant in Sicily operational and avoid risks to jobs and a loss of refining capacity.

The new multifunctional space - "Theatre" is located on Beliashvili Street, next to the restaurant complex "Tsiskvili". It is now open for visitors and interested parties.

Applications for storage projects in solar and wind power correspond to 19,881 and 47,468 megawatts, respectively

Number of employees engaged in the country economy compared to the same period of the previous year increased by 28,6 thsd. persons or 1,7 percent and made 1727,9 thsd. persons