Latvia: Jurmala plans to increase heating tariff

SIA Jurmalas siltums plans to increase the heating tariff in the city by 8.5% starting from February 1, 2022, according to the official entry in the Latvian Herald. On December 20, Jurmalas siltums submitted to the Public Utilities Commission its proposed heating energy tariff plan and justifications for approval. The current heating energy production tariff…

Lithuania: US sanctions not binding on Lithuanian Railways

The US Treasury Department’s Office of Foreign Assets Control (OFAC) has officially confirmed that Washington’s sanctions against Belaruskali, one of the world’s largest potash fertilizer producers and exporters, are not binding on Lithuania’s state-owned railways. Belaruskali, considered a lifeline for the regime of Alexander Lukashenko, exports a large share of its production via Lithuania. Lietuvos…

Georgia: economy up in Q3 2021

Nominal Gross Domestic Product in Georgia equaled 15.99 billion GEL in the third quarter of 2021 and real GDP grew by 9.1%, while the GDP deflator (inflation measure) increased by 9.4% in the reporting period, preliminary data from the National Statistics Office of Georgia (Geostat) showed. The highest real GDP growth was registered in the…