Economic overview On 1 November 2022, a new agreement between the EU and Moldova (or Moldova) entered into force, aimed at improving trade facilitation for businesses. This is an important step with the aim of strengthening the export capacity of Moldovan products to the EU market, of vital interest for companies. The adoption of this Read more about Country report Moldova Republic[…]
Economic overview The Mexican economy grew in the third quarter of 2022 and did so at a much faster rate than the market expected. In fact, the gross domestic product increased by 1% in the third quarter compared to the previous quarter, against expectations of a growth of 0.7% and accelerating compared to the growth Read more about Country report Mexico[…]
Economic overview Malta, despite its small size (GDP of around 1.7 billion euros in 2021) is confirmed as one of the most dynamic economies in the European Union, continuing to record a positive trend in the main macroeconomic indicators. According to the most up-to-date estimates, Maltese GDP grew by 10.4% compared to 2020. The Maltese Read more about Country report Malta[…]
Economic overview The Malaysian Minister of Finance, Datuk Seri Tengku Zafrul Tengku Abdul Aziz, presented the budget for 2022 in Parliament in November 2021, the first of the government led by Ismail Sabri, which rests on three main pillars: Strengthening Recovery, Building Resilience and Driving reforms. The total allocation of €69.2 billion, the highest ever Read more about Country report Malaysia[…]
Economic overview After the recession caused by Covid-19 and the sharp drop in GDP of 6% in 2020, the Macedonian economy recorded a 4% growth in 2021, thanks to the recovery of domestic consumption, greater mobility, the return of the diaspora and the government support measures. Private investment still remains weak. Despite the recovery in Read more about Country report Macedonia[…]
Economic overview The per capita GDP of Luxembourg, the smallest of the European Union states in terms of territory and population, is among the highest in the European Union (about 80,000 euros). The most important sector for the country is currently the financial one, which contributes 30% of the gross domestic product. Luxembourg vies with Read more about Country report Luxembourg[…]
Economic overview Liechtenstein is a member of numerous international organizations and bodies. Among others, it is a member of the Council of Europe, the United Nations (UN), the European Free Trade Association (EFTA) and the Organization for Security and Co-operation in Europe (OSCE). Since 1923, there has been a Customs Union Treaty with Switzerland through Read more about Country report Liechtenstein[…]
Economic overview Latvia is a parliamentary republic with a head of government, the prime minister, who chooses the council of ministers and a head of state, the president, who has largely ceremonial powers and appoints the prime minister. The government remains subject to the approval of Parliament for the duration of the entire legislature. The Read more about Country report Latvia[…]
Economic overview Progress in emerging from the effects of the Covid-19 pandemic in 2021 has been cooled by various constraints, aggravated, in the first half of 2022, by the Russian aggression in Ukraine and its consequences, especially in the energy field. In the second half of 2021, the Lithuanian economy had in fact continued to Read more about Country report Lithuania[…]
Economic overview In 2021, the country came out of the recession due to the COVID-19 pandemic. Before the crisis, the usually low growth rate was on the rise, while unemployment and underemployment were decreasing, fueling widespread crime linked especially to drug trafficking. Economic reforms have made it possible to keep inflation and deficits under control; Read more about Country report Jamaica[…]