The World Bank has approved an additional support package for Ukraine of more than $700 million. The World Bank’s Board of Executive Directors approved over $489 million of the Development Policy Loan, called Financing of Recovery from Economic Emergency in Ukraine (FREE Ukraine) between Ukraine and the International Bank for Reconstruction and Development. In particular,…
The government has approved the increase in the quantum of minimally guaranteed salary in the real sector up to 3,500 lei from April 1. The decision was taken following consultations with social partners, at the tripartite dialogue on the platform of the National Commission for Collective Consultations and Negotiations (CNCNC). According to the government’s communication…
The Lithuanian government may delay presenting a planned tax reform and, even if the bill reaches the parliament during its spring session, implementing the changes may be pushed back until a much later date. Prime Minister Ingrida Simonyte said that she basically agreed that “such issues must be discussed rationally and pragmatically, considering the evolving…
Tourism rose by 64% YoY in January, state agency Statistics Estonia reports. Tourist numbers rose both for foreign tourists, exiting the Covid pandemic, and domestic travelers, with Latvia providing more visitors than any other country. Over 158,000 tourists stayed in hotels, hostels, guest houses and other accommodation establishments in January, the agency reported. While the…
In January-February, the port of Ventspils handled 2.34 million tons of cargo, up by 3.9% YoY. The port handled 925 thousand tons of liquid bulk cargo (-37%), 997 thousand tons of dry bulk cargo (up 2.6-fold) and 420 thousand tons of general cargo (+2%). In the reporting period, the port welcomed 225 ships including 177…
German Development Bank (KfW) plans to launch a new financial cooperation program in Georgia in cooperation with the EU and the European Bank for Reconstruction and Development (EBRD) to increase the country’s energy efficiency, the German Federal Ministry for Economic Cooperation and Development reports. According to the ministry, the key areas of German development cooperation…
Due to active hostilities, there occur recurring and new damages to power grids as well as power outages. The enemy is deliberately destroying the infrastructure, cases of theft of equipment, capture of workers of emergency and repair crews have been recorded. However, Ukrainian energy companies, despite the risk to their health and lives, managed to…