News

At the invitation of the German Ambassador in Tbilisi, H.E. Hubert Knirsch, the German Economic Team was given the opportunity to speak on the economic impact of the war in Ukraine on Georgia.

The Ukraine war and the sanctions imposed on Russia have a wide range of economic impacts. Particularly affected are countries that have close economic ties with Ukraine and Russia. Russia itself is experiencing a significant drop in GDP.

The Ukrainian banking sector has so far shown remarkable resilience to the consequences of the war. What are the reasons for this, will the sector remain stable in the future and how can stability be secured and expanded?

On 12.04.2022, the online panel on the impact of the Ukraine war on Moldova, Armenia and Georgia, jointly organised by the German Eastern Business Association and the German Economic Team, took place.

On April 6th, the German Economic Team participated in a conference on the economic development of the Western Balkan countries. The event was organised by the Konrad Adenauer Foundation and the Kosovar-German Business Association.

The article, published in EURACTIV, cites Garry Poluschkin on the implications of the war for the Ukrainian IT-sector.

Russia and Ukraine are among the largest grain producers in the world. Last year, Russia, Ukraine and Kazakhstan accounted for about a quarter of global grain exports. What impact does the war in Ukraine have on supply security and world market prices?

After Russia’s attack on Ukraine, Russia faces massive economic and financial sanctions enacted by Western countries and the EU. Which effects, also on Western countries, can be expected?

Every six months, the German Economic Team publishes the economic monitors for the project countries. The information event at the Federal Ministry for Economic Affairs and Climate Action provides an opportunity to present these to a wider circle of interested parties.

The 20th High-Level Event on Government Adivce took place during the week of 21 February – 25 February 2022.

While the geopolitical tensions between Russia and Ukraine dominate the international news, the impact on the Ukrainian economy has been relatively moderate so far.

On December 3rd, Bernhard Duch gave a presentation during the online workshop “On Economic and Digital Diplomacy”, which was organised by the Uzbek government in cooperation with UNDP. Since 2017, the Uzbek economy has been successively opened to international markets, resulting in a strong interest among government officials to gain international experience in the field of economic diplomacy.